At the start of the year, the cryptocurrency market was flourishing in a bull run that quickly turned bearish at the end of January. In such times some of the experts predicted a selloff coming with some refuting the claim as a distraction to the enormous gains still shown on these digital assets. During the highs, Verge (XVG),XRP (XRP) and Tron (TRON) had all seen a great following on them succeeding as digital assets by the end of the year. Integration, technological development adoption, partnerships and value increase in the cryptocurrencies are some of the key areas targeted in different proportion by these three in 2018.
At the start of the year they all showed great ambition towards shaking the dominance of Bitcoin (BTC) and Ethereum (ETH) from the top. Late in December 2017, XRP’s price soared to over 30,000% in return to see it overtake ETH to second place, a run that ended in mid-March. The wonderful start to the year was however halted after that when XRP’s price saw its price nosedive from an all-time high of $4 USD to $0.4 USD.
On the partnerships ends, the coin has seen its biggest holder Ripple Inc. enter into partnerships to spread the xRapid, xVia and xCurrent features to different entities and corporations. Banks and other financial institutions have adopted the xRapid feature to ease large international payments across boarders instantly and at a lower cost. The continuous mentioning of the coin across media houses does XRP good, as it recently was featured – and won – in a poll conducted by CNBC Fast Money to predict the most likely coin to gain listing on Coinbase exchange. The funny part was XRP wasn’t even in the original list offered by Coinbase on their website.
Crossing fences further down the charts at position 11, Tron (TRX) has been a coin that has matured to be regarded as one of the brightest stars of the year with the massive effort the team is placing to see the coin succeed. Apart from the massive marketing energy put in by the marketing team and social media team led by Justin Sun, founder of Tron Foundation, the blockchain has had a fantastic year so far in development and technological improvements.
The launch of the TRON mainnet, the TRON Super representative election and Tron hitting the sixth position according to market cap are some of the few achievements. However, TRX has not been able to replicate these external factors on to the price as the market bear reversal took charge. The year however has proved to be a huge success to the coin.
The third coin on the list is Verge (XVG) which has had a rollercoaster ride in the past 6 months of the year. Just as the two above, XVG was tipped to be the coin to take over privacy cryptocurrencies top spot by the end of the year. However, after the great start to the year and a rush in price after an announcement of a ‘big world-changing partnership’ on the way, things have gone south for Verge.
It all started with the Pornhub partnership and escalated to the 51% attacks that saw the coin’s value decrease by over 100% in a couple of hours in mid-April. The coin has yet to recover from the shock with investors continuing to be skeptical on the future of the coin. Verge have however made progress as they partnered with the Royal Queen Seeds a cannabis company.
The three will have a battle of survival on their hands in the coming months with Verge expecting the VergeFam to provide needed support to push the project forward. Will we see a Verge comeback, or will XRP and TRON continue with their march towards being the best