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Despite Bitcoin being the giant, Ripple would guarantee a higher return

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Ripple
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The past few weeks (or months) have not been the best for the cryptocurrency investors as the prices were all on the downfall. However, in the past few days, things have seemed to get up again. Bitcoin is the giant coin and most investors for some time now have only been buying this digital coin.

Investors now thinking of getting into the market may consider several other crypto assets, and not only Bitcoin. Currently, bitcoin is trading at $8,700 (and that’ because of an overnight jump, it was $8,200 yesterday) from an initial high of $20,000. Assuming that bitcoin will regain the initial high again; any purchase now will get a return on investment of 140%.

That sounds great, right? But if everything stays as much constant that all crypto assets return to their original highs, then there for sure are some other cryptocurrencies that may have a greater ROI than bitcoin.

For instance, Ripple’s XRP at the moment is trading at $0.92 (hiked almost 20% just within last 24 hours) from its high of $3.30; therefore, it has the potential to provide investors a whole 300% return if it gets back to its original high. Everything is possible in the crypto market hence we can’t rule out any possibility of it happening and especially in case of Ripple that looks very much on the card.

In fact, it is very easy for Ripple as it is backed with great payment providers (well-known) as well as big-name banks. Ripple’s goal merely is making cross-border payments efficient for these banks and all the payment providers.

Ripple’s XRP reduces the movement cost for money transfers as it makes the whole process simple and faster. The time of money being stuck in accounts in different currencies is being reduced as it can be converted to XRP, and then sent to the recipient. Most banks and institutions are adopting the Ripple’s products, which is why it will get to its original high even sooner.

Furthermore, Ripple has signed partnerships with great players that include SBI Holdings, Santander, and LianLian International — these all three are mega players in their respective industries. Partnerships of this nature will for sure get Ripple more adopted and more familiar to the general public.

It goes without a say that recently reputable money transfer companies like Mercure FX, MoneyGram, Cuallix Mercadotecnia, and IDT Corporation tested Ripple’s rapid product. This is a good sign for XRP to get and do even better, in fact, several other financial institutions (more than 100) from payment providers to banks want to integrate Ripple’s blockchain solutions; Ripple XRP simply seems to be going viral.

Subsequently, as we head to mid-year, it only seems bullish for Ripple. But in case of failure, Ripple will cause a severe press to the entire crypto market; hence, a bad picture for the blockchain technology. And, as it looks now, what the future holds for the blockchain technology is for it to change the picture and shape of the world soon — like what the internet did.

With all that being said, Ripple is cheap, and for small account investors it is the best bet; therefore, it is all in favor of Ripple whereby bitcoin will more likely have a tough to keep up with XRP’s growth.

All that investors have to do is to be keen on their investment options as the market is getting up from the fiasco in the last few months. Ripple has got a big target market plus the opportunities already discussed that will let it grow, and as per now it only seems that the moon is the limit for this crypto.

In fact, it is all positive around the coin as well as the partnerships it is getting into proves not only the confidence institutions have towards it, but also shows that sooner Ripple XRP will hit its high and even beyond. Consequently, all powers are with the investors to make the right decision – and Ripple surely looks to be the horse they should put their bet on, of course, if they don’t want to regret later.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up for our Telegram!

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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Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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