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Latest price predictions of Ripple: Expected XRP price as 2018 ends now

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Ripple XRP
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If you’re one of those who continually is in the look for the perfect crypto to put your bets in, Ripple’s XRP may be the answer. The third largest cryptocurrency in the market has been pretty much in the spotlight during the last couple of months because of several reasons. Some of them quite positive, and on the other hand, some negative press have landed in the crypto world about security issues.

But is it possible for Ripple to be the best offer in the market as of now? Where can Ripple get in the coming months? Keep reading, as we discuss the main facts on the company and the price predictions of Ripple for December 2018.

Ripple’s origins

Ripple was founded back in 2012 by Arthur Britto, David Schwartz, and Ryan Fugger. For a whole year, the team worked tirelessly in the creation of OpenCoin and Ripple Labs, the company in charge of the solutions that as of today we know from Ripple, xCurrent, xVia, and xRapid.

Through OpenCoin started the development of the payment protocol, the Ripple Transaction Protocol (RTXP), and later, the design of their own token, the XRP token, the current third largest crypto of the sector by market capitalization, a crypto created as the mold of Bitcoin (BTC).

From 2014 to 2017 the target was to capitalize on the finance sector, a project that started with the experiment of an iPhone application for sending and receiving money instantly between users.

Later on, the payment protocol started to gain strength and became the payment solution for several institutions of the financial world, a field in which Ripple collects a huge success these days.

The first company that embraced the Ripple network as a payment solution for cross-border payments was the German bank Fidor. However, as of now, Ripple has the biggest amount of partnerships in the industry, many of which use their protocols, such as Banco de Santander, Mastercard, American Express, Western Union, and so many others.

Ripple’s consensus

There are two types of systems in the crypto verse, the proof-of-work system, and the proof-of-stake system. Ripple is among the cryptos that work under the first system, or as it is called, the consensus protocol, which to say the least, is the most likely extended amongst renowned cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Nevertheless, unlike these two, Ripple has already an amount defined for their crypto supply; and that means that the XRP can’t be mined, and the same way, that none new XRP tokens will be created to change the quantity of the coin.

One of the most distinguished features of the consensus protocol is that it allows the validation of account balances in each transaction deployed in the networks, and like this, double spending is avoided. Automatically, the system will erase any malicious activity implemented by scammy people who intended to send a specific deal to multiple gateways.

The consensus occurs when a transaction gets deployed in the network, and distributed nodes decide by vote what would be the pecking order, a process in which the majority establishes the decision in only 5 seconds.

Ripple’s XRP price prediction for the end of the year

At the moment of writing the price of the XRP token is $0.277 according to Coinmarketcap. However, this price has been mainly influenced by the moves of Bitcoin and the generalized downtrend that the market has had during the whole year.

In this sense, Ripple continues to work on essential relationships and updates for the whole community, as well as for making the crypto get to the top again by the end of this year.

With relation to this, several good sources such as fxstreet, express.co.uk, and investingpr have forecasted that Ripple may get to remarkable heights at the end of the year, hitting the marks of the $8 or 10 dollars, an increase that would represent 40 or 50 times the current price of the token.

So in terms of retribution, the best option would be to buy XRP and hold it till the end of the year as the price increases, a fact that more likely will occur considering the strategies that Ripple is working on, including the integration of its 3 solutions in order to get a mass adoption of the XRP token.

Conclusion

Ripple has proven to be not only a robust and efficient payment platform, but it has also shown the market that it is here to stay in the top no matter what. The XRP token can become the second largest cryptocurrency again in just a matter of months if all goes well, so we all need to be prepared for what is coming.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Bruno van der Kraan on Unsplash

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Is Ethereum Still Searching For Its Bottom?

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Ethereum
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The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.

When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.

The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.

Chart courtesy of TradingView

However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…

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Last Week’s Top 3 Most Significant Crypto Events

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crypto events
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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…

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TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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