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XRP, TRX Outperforming Top Coins as McAfee Promises to Launch his DEX on Tron

  • Yuri Molchan
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    eToro’s chief analyst tweets that as the market turns green, XRP and TRX are the highest-performing cryptos on the top-12 list

XRP, TRX Outperforming Top Coins as McAfee Promises to Launch his DEX on Tron
Cover image via news.u.today

Crypto traders can give a sigh of relief – market is going green and the Bitcoin price has got over $8,000 once again.

Mati Greenspan, the chief analyst on the trading platform eToro, has tweeted that at the moment, the best performing coins among the top 12 assets are XRP and Tron’s TRX.

 

XRP, TRX surge
Image by Coinmarketcap

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Earlier on Monday, U.Today reported that XRP alone kept growing whilst the rest of the top-ten line were going to the South.

John McAfee has confirmed that his own decentralized exchange McAfeedex that works on the Ethereum chain will soon be also launched on Tron. This could be the reason for the spike of the TRX price.

McAfee Tron
Image by Twitter

The beta version of the dex is to be released in a few hours.

What is your take on TRX and XRP rising higher than the other assets at the moment? Feel free to share in the comments below.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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