Jakarta, Pintu News – According to recent reports, the United States and China have agreed to ease trade tensions by removing some export restrictions and tariffs.
Previously, the Crypto News Flash (CNF) page had questioned whether the surge in crypto prices triggered by the progress of US-China trade relations was a classic scenario of “Buy when the rumors are circulating, sell when the news comes out.”
In this article, we will argue that there are four cryptocurrencies worth keeping an eye on as trade tensions between the US and China ease – XRP, LINK, VET, and BTC – that could potentially benefit from the latest deal between the two countries.
First of all, Bitcoin has always been a major cryptocurrency worth keeping an eye on. Investors consider it a relatively safe asset amidst uncertainty.
Read also: Bitcoin Crashes — But Experts Predict a Shocking Surge to $365,000!
With positive news from the trade talks as well as growing interest in Bitcoin ETFs, BTC has the potential to remain strong or even go higher.
As recently highlighted by Barron’s:
Bitcoin prices rose on Wednesday morning as hopes of easing trade tensions between the US and China drove the crypto market higher.
Currently, BTC is trading at $104,473, reflecting a 3% drop within 24 hours.
Second, as supply chains become increasingly digitized-especially with the improving trade relations between the US and China-Chainlink can potentially be used to track goods and verify deals in real-time.
Currently, LINK is trading at around $14.23 within the last 24 hours. Experts believe its value could rise even higher if blockchain-based trading tools become more commonly used.
Third, VeChain facilitates product tracking by companies with blockchain technology.
With trade relations improving as reported, more companies are expected to adopt VeChain to monitor their products from the factory to the consumer’s hands.
Read also: Top 9 Altcoins to Buy Before Bitcoin Price Hits Record Highs!
Currently, the price of VET is hovering around $0.02427 USD. Although it’s only up about 0.20% today, the outlook looks promising if the demand for product tracking devices continues to grow.
Finally, Ripple with its XRP token is likely to benefit the most. XRP is used for fast and low-cost cross-border remittances.
Earlier this week, CNF noted that XRP’s trading volume rose 27% as a result of the development.
Currently, XRP is trading at around $2.23 USD, up 0.87% in the past week, remaining stable despite the market downturn. If the demand for global payments increases, XRP has the potential to climb even higher.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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