This week, the average trading volume of few cryptocurrencies are running on a peak – which is perhaps influencing the market cap of other coins as well. In fact, the XRP listing on Coinbase Pro, Decentaland’s boost from HTC partnership and very latest, LTC partnership with CU Entertainment Global are encouraging the daily trading volume of the respective currencies and other coins in addition.
CZ Talks About Coin Adoption
Addressing the similar context, Changpeng Zhao or CZ, the founder of the largest cryptocurrency exchange, Binance is bullish on coin adoption globally. As such, concerning the latest headlines of ‘Litecoin’s move towards the entertainment industry’, CZ says;
— CZ Binance (@cz_binance) February 27, 2019
To note, LTC at press time ranks #5, trading at $45.98 with the rising volume of 1.16 percent over the past 24 hours. In particular, the average trading volume of LTC counts $2,789,200,518 – graph as per coinmarketcap is shown below
Purchasing Ultra VIP Tickets Using LTC
To note, the Litecoin foundation has recently announced that they’re tieing up with CU Entertainment, K-P0p concert production company that aims to promote LTC through famous personalities from Entertainment industry. The upcoming K-Pop concern will be happening on April 6, 2019, at the EagleBank Arena on the campus of George Mason University, wherein South Korean K-Pop artists including Kim Jong Kook, Ailee, WheeSung, Huh Gak and Skull will make the debut.
Per the Litecoin Foundation partnership announcement, folks can reserve Ultra VIP tickets using the fifth largest crypto token, LTC. However, the tickets are not yet placed on sale, but it will be made possible only via Litecoin Foundation website.
Furthermore, its quite important to note that – along with LTC, other cryptocurrencies such as Ethereum (ETH), EOS (EOS), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Monero (XMR) and other cryptocurrencies have also turned green slightly.
CZ Congratulating on Coinbase Pro’s XRP Listing
Speaking about the adoption, CZ’s view on XRP listing by Coinbase Pro cannot go unnoticed – indeed, he took to Twitter and states ‘The more adoption, the better, and the faster thing move around the world. It’s spreading’.
Like to think we contributed to the adoption, maybe just a tiny bit, lol. Congratulations #XRP!
The more adoption, the better, and the faster thing move around the world. It's spreading. https://t.co/5IIvm5QFuq
— CZ Binance (@cz_binance) February 25, 2019
On top of all, HTC Exodus, the blockchain phone had announced on Twitter that it is supporting BNB on its purchase. Adoption of these coins beyond crypto industry has influenced the market cap of other cryptocurrencies along with the respective tokens, that are getting adopted.
#BNB is getting more useful every day. Now you can also buy the first #blockchain phone with it! #EXODUS1 #UseBNB #HTCEXODUS @Teddy_lin @binance Do you already got one @CZ_Binance? https://t.co/hA0yyHcJsB pic.twitter.com/RKSJChWbea
— HTC EXODUS (@htcexodus) February 26, 2019
So readers, what’s your stake on the XRP listing by Coinbase Pro, LTC to purchase VIP tickets in the entertainment industry, BNB in mobile phone era and other announcements as such? Do you agree with CZ’s view of one coin’s adoption influence the value of others? Share your opinion with us.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com