The Cryptocurrency Market has been Experiencing Constant Bearish Movement for some months now which has brought forth so many questions on where the Market is headed, Crypto performances of 2017 in Price have been much better than 2018.
XRP Recently surged Over 80% And also surprisingly briefly dethroned Ethereum in Market cap and assumed the 2nd Position in Top Coins before settling back to at 50% and Returning back to it’s 3rd spot, This Recent surge has been linked to the bill clinton’s keynote and More greater use cases of the Ripple Products.
Many in the cryptocurrency sphere could wonder why Tron(TRX) founder and the CEO of the Tron Foundation would join many within the crypto community to celebrate the good yield of Ripple’s XRP, after it gave arise of more than 80% in less than 24 hours to give its investors a good comfort for their investment.
XRP has a market capitalization above $22 billion and trades above $0.56 as of the time of writing after it displaced ethereum in market capitalization, although the recent gain of ethereum made such position to be little lived and ethereum has regained its position.
Justin before founding the Tron token was the first employee of Ripple in the Greater China area and was Ripple Lab’s chief representative advisor and special representative for Greater China from 2014 to 2016.
In a tweet, the young Tron CEO stated that:
“XRP surge shows PNC Bank’s recognition of the Ripple protocol. With Bill Clinton keynoting Swell 2018, blockchain is going mainstream! As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain. #TRON $TRX.”
XRP surge shows PNC Bank’s recognition of the Ripple protocol. With Bill Clinton keynoting Swell 2018, blockchain is going mainstream! As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain. #TRON $TRX
— Justin Sun (@justinsuntron) September 21, 2018
His tweet shows the reason for his celebration of the recent XRP performance since Tron Foundation is a Ripple shareholder even though he did not mention the quantity of XRP in custody. This has motivated his fate that financial institutions will adopt blockchain technology going by the performance of XRP after the announcement that Xrapid will be launched by next month or soon.
Former U.S president Bill Clinton who has ventured into charity is expected to speak at the Swell 2018 Conference that will be held from Oct 1st to Oct 2nd in San Francisco. He will be expected to answer questions from participants as well.
Ripple’s xCurrent has up to 120 networks of banks within its blockchain with the ninth largest bank in U.S PNC Bank in terms of assets as one of the financial institutions that has adopted Ripplenet which gives an easier way to send money to different parts of the world and for the payment to be tracked with its on-demand liquidity.