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Will 2019 be the Year of XRP?

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2019 has only just started, and already, crypto investors around the world are optimistic about the future of many cryptocurrencies this year. While a lot of crypto issues are expected to be resolved, and many coins are likely going to have an eventful year, the community is very much interested in what to expect from the coins at the top, especially XRP.

XRP, for example, has been the second largest coin by market cap for almost two months, until it lost the position to Ethereum on January 2nd. However, while ETH may have made a comeback after dropping in November’s market crash, this doesn’t make XRP a bad coin.

XRP’s 2018 performance and issues

It is no secret that XRP had a lot of issues to deal with in 2018. The coin was accused of being security numerous times, not to mention several lawsuits against its parent company. XRP was also accused of being centralized, which Ripple Labs worked hard to prove wrong.

However, at one point, the situation turned. XRP became quite reputable, and while there are still those who are skeptical of its nature or future, it is currently doing rather well, considering last year’s events.

As many are aware of, XRP is the coin meant to be used with Ripple Labs’ payment products, such as it’s biggest current hit — xRapid. The company is dedicated to providing quick and cheap payment solutions that can make international payments nearly instant. Considering the dire need for upgrading current payment systems, which often take days to complete a single transaction, many banks around the world were quick to open up towards the possibility of integrating these products into their everyday businesses.

As a result, over 120 banks and financial institutions from all corners of the world have partnered up with Ripple, and this is one of the things why XRP is guaranteed to have a bright future. Without XRP, Ripple’s payment products do not work, meaning that the coin has already found one way of going mainstream, and many expect it to be the first cryptocurrency to do so.

Thanks to these possibilities, as well as Ripple Labs’ pretty good reputation, XRP has managed to make significant progress even while losing value in 2018’s bearish market. It also manages to keep competition under control, as no other coin attracts banks as much as XRP.

XRP in 2019

So, what does all of this mean for XRP’s future? Well, the first thing that should be noted is that Ripple’s and XRP’s actions in 2018 managed to set an excellent foundation for the coin’s future development. There is always room for improvement in the crypto world, and Ripple is expected to partner up with more banks, remove the potential issue, and maybe even launch new products this year.

It is currently among the fastest coins on the market, being able to complete transactions in only 4 seconds. In comparison, ETH takes over 2 minutes to do the same, while Bitcoin can take more than an hour. And, as mentioned, traditional payment systems rarely complete the process under 3-5 days. XRP’s biggest current competitor is Stellar, which can do it in 3 seconds. Also, the coin can handle around 1,500 TPS, and it can be used for making transactions at any time of day and night.

Meanwhile, Ripple’s CEO, Brad Garlinghouse, remains optimistic of the coin in 2019. While nothing can be claimed with certainty when it comes to crypto, many believe that this might be a true year of crypto. The hype of 2017 is now in the past, and many are hoping that the same can be said for last year’s price correction. In other words, crypto is now supposedly free to advance at a steady pace and expand truly great projects into the coins that will dominate the future of payments.

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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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