Apple Stocks App Adds Ripple, Tron Pricing

Avi Rosten
  • The new listings have the potential to open the cryptocurrencies up to Apple's 1 billion users
  • This latest development is a positive move for Tron ahead of the launch of its Mainnet 

Cryptocurrencies have taken another step towards the mainstream as the Apple Stocks app has added Ripple (XRP) and Tron (TRX) pricing to its lists.

Announcing the news of the TRXUSD pair addition on Twitter, Tron founder Justin Sun was excited about what the inclusion meant for the cryptocurrency and how it opens the coin up to Apple’s enormous audience:

 

 

The app has also added TRX pairings with EUR, JPY, and GBP, while XRP will benefit from pairings with GBP, USD, INR, CAD, BTC, EUR, AUD, and ETH.

Tron Ramping Up

Tron has had somewhat of a rough start to the year after accusations surfaced in January that much of the project’s whitepaper had been plagiarised. With the price dropping over 60% following the accusations and sharp words exchanged between Sun and Ethereum founder Vitalik Buterin - things of late have been looking more positive.

In addition to the launch of the Tron Mainnet, scheduled for three days time, other developments seem to indicate that the cryptocurrency is gaining traction.

On Friday, it was reported that Sun has made a bid to acquire peer-to-peer pioneer BitTorrent Inc. - best known for the popular file sharing client µTorrent. With Tron’s stated goal to “decentralize the web” and a market cap of $7.11bn according to CryptoCompare (total supply), this latest proposed acquisition will no doubt be a significant boon to the project as it aims to reach µTorrent's 100 million strong user base.

Ripple XRP Sales Fell 74% in Q3 Amidst Mounting 'FUD'

Michael LaVere
  • Ripple XRP sales fell 74 percent in Q3 2019 according to their most recent report.
  • Blockchain startup says increasing FUD and misinformation about XRP contributed to the decline in sales. 

San Francisco-based blockchain startup Ripple saw a decline in XRP sales of 74% for Q3 2019, with the company citing increased fear, uncertainty and doubt (FUD) during that timespan. 

According to Ripple’s XRP Markets Report released Oct. 18, the sale of XRP dropped from $251.5 million in Q2 to $66.2 million in Q3, constituting a decrease of 74%. Ripple’s sale of XRP constitutes a portion of the coin’s 100 billion max supply that the company controls, primarily in distribution to institutional clients.

The report states, 

As readers may recall from the previous quarterly report, Ripple publicly announced our intention to shift to a more conservative volume benchmark for our XRP sales, away from CoinMarketCap and to CryptoCompare Top Tier. In the third quarter, we significantly reduced our XRP sales, consistent with the messaging we shared in the Q2 report. For Q3 19, our total XRP sales were $66.24 million vs. $251.51 million in the previous quarter.

While the dollar-amount of XRP sold fell precipitously from Q2 to Q3, the price of XRP also dropped 35% during that time, contributing to the depression in sales. Total XRP volume also declined between the second and third quarter of 2019, falling 53%. 

Ripple claims to have shifted away from “programmatic sales” during Q3 to focus on a “few strategic partners” who are focused on building XRP utility. The report also cites an uptick in “FUD” and the “spread of misinformation” about XRP as contributing to the decline in sales. 

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