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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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