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3 events that can make Ripple (XRP) reach $1 sooner than many think

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XRP
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Early January saw Ripple (XRP) hit its high of $3 almost getting to a value of $4. At the point, expectations were too high that Ripple was heading past $4, but then the market dip took the stage. From that point, XRP fell to under $1.

Ripple (XRP) is still hovering below 1$ even after the market fiasco was over. It is undeniable that Ripple is the third best crypto and we should remain positive about it rising.

Besides, a majority of currencies are in a single day trading in the green and at some point still, trade in the red to mean it is not only Ripple that is struggling. However, with the upcoming events linked to Ripple, there is every reason to believe that despite its struggles, it can reach $1 sooner than you may be thinking.

What are these events?

Ripple and MoneyGram

Back in January, Brad Garlinghouse, Ripple’s CEO announced that they were about to partner with a money transfer institution. The fact that the name of the institution wasn’t mentioned left many to guess of a partnership with either MoneyGram or Western Union.

With Ripple below $1 and still struggling, news of a partnership with MoneyGram serviced the public. For a moment it comes as a breather for Ripple as it forms a way to get out of the current market crisis.

Ideally, XRP has made some recent improvements, but then it won’t be overlooked that it had lost more than 80% of its value over the last 3 months.

The good news, however, is that the partnership with MoneyGram will without a doubt increase its physical value very soon, much sooner than might have thought.

Cobalt and Ripple

Speed is always important to the choice of cryptocurrency one chooses. Ripple team announced on March 27th about the implementation of the Cobalt algorithm. This means merely that Ripple’s transactions will be even much faster with easier mass adoption and smoother user experience.

Consequently, what it implies is that once the algorithm is integrated, XRP technology may become more desirable for money transfer services as well as for banking institutions. This is yet another reason for seeing Ripple getting beyond $1 sooner than we may expect.

Ripple and Hyperledger

I also believe that the partnership with Hyperledger announced almost two weeks ago, might be another reason to get Ripple to the much anticipated $1 per one unit.

Blockchain technology will be made even more desirable since Ripple will get access to the Protocol Ledger (ILP) algorithm, thanks to the partnership. Initially, ILP was working on a traditional JavaScript that was based on an algorithm, but now, the basis is to make the technology even better and take advantage to improve the technology that is behind XRP.

Ripple and the Market

Against the dollar, XRP has dipped -1.63% this is after the changes in the market and all it means is that Ripple is all but trading in the red. But against BTC, it has gone to rise by 2.13% meaning BTC is dipping as well due to the market changes.

Currently, XRP is bought at $0.51 – a perfect investment at any rate. Sooner with the three events all coming up, XRP’s price is going to pick-up amazingly and ultimately reach $1. That will be sooner than many out there might be thinking!

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of The.Comedian via Flickr

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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