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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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