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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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