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A Close Look At XRP For 2019

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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.

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Charts courtesy of TradingView

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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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