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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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