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A Close Look At XRP For 2019 - Global Coin Report
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A Close Look At XRP For 2019

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XRP
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XRP is currently the second largest coin by market cap, and it managed to hold on to this position for the larger part of the past three months. It is also one of the most popular cryptocurrencies in the market, and maybe even the closest one to reaching mainstream usage.

The potential of XRP

XRP is a coin developed by a company called Ripple, and while the coin was initially called by this name as well, it changed its name in an attempt to differentiate itself from the firm. One reason for this is that many believed that Ripple controls XRP, which is something that the company has always claimed to be false.

Even so, XRP remains Ripple’s native cryptocurrency, and it is used in combination with many of its products that aim to improve payment systems of various banks and financial institution. This is XRP’s largest use case to date, and more than 100 banks and financial institutions around the world have recognized the potential of the coin and Ripple products.

The products in question, mainly xRapid and xCurrent, are improved systems that allow transactions to be completed within seconds, even when it comes to cross-border payments. Furthermore, they are much cheaper, with lower fees than the ones used by banks so far, which also tend to take entire days to be processed.

Benefits of these products were clear to the banks as well, and while they are typically still quite skeptical of cryptocurrencies, they realized that implementing such systems is the only way to parry the innovations which cryptocurrencies are bringing.

XRP controversies

As mentioned, the crypto community was quite skeptical of XRP at first, and this did not change until very recently. The coin’s connection to Ripple and banks added even more fuel to this attitude, and XRP was accused of many things, such as centralization, not being a real cryptocurrency, market manipulation, and more.

It also had to face several lawsuits by unsatisfied investors, many of whom believed that the company created a coin just to use it to trick investors and get rich. Ripple always denied such accusations and made an additional effort to distance itself from the coin. They claimed that XRP could survive, even if Ripple ceases to exist, which should serve as proof to everyone in the crypto space that XRP is decentralized.

XRP performance

Ripple’s and XRP’s efforts ended up being quite successful, and the coin is now an accepted and well-respected cryptocurrency. Even so, its value remains rather low, sitting at $0.316004 at the time of writing.

However, the coin has reached higher levels of stability in mid-December, and for weeks now, XRP value remains between $0.32 and $0.36. As XRP continues to expand, a rally at some point remains a possibility, although this depends on the state of the entire crypto market.

Meanwhile, XRP continues to build up its network, connecting banks and financial institutions around the world. Apart from that, it is also listed on more than 100 crypto exchanges, although it has yet to win its place on Coinbase. If Coinbase does decide to list XRP, this might be just the push it needs for its value to skyrocket.

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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.

Image courtesy of Pexels

Charts courtesy of TradingView

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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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