Connect with us

Blogs

Forget Bitcoin (BTC), Here’s Why Ripple (XRP) Looks Ready to Explode

Published

on

Ripple (XRP)
READ LATER - DOWNLOAD THIS POST AS PDF

The original cryptocurrency, Bitcoin (BTC), will remain a substantial portion of many investor’s portfolios. And why not? Afterall, Bitcoin (BTC) is still king. Making up a solid third of the total coin market-cap, this behemoth in the cryptocurrency space certainly isn’t going away anytime soon. And if you’ve listened to what the hard-core believers in this mainstay crypto-product are whispering in the chatrooms, you know that by holding it, there’s a great chance of doubling your money in the coming month(s).

Of course, many coins will double in that same amount of time.

The allure of the larger, more popular coins available on your favorite exchange(s) has a lot to do with risk (or the relative lack of it). Perhaps more importantly, however, the big-three, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) (collectively making up well over half of the approximately US$560 Billion total market-cap) represent the face of the blockchain to a curious public, standing eagerly at the gates of the crypto-castle. New participants in this market, ready to crash onto the scene, will likely choose from these safe-bets, at least at first, when tiptoeing into the warm waters of the altcoin sea. And while Bitcoin and Ethereum are indeed long-term strategic holds for new and old investors alike, the third largest (and still undervalued) cryptocurrency, Ripple (XRP), looks ready to steal the show.

Ripple (XRP)

As the news surrounding Ripple (XRP) intensifies, and the anticipation of quick gains grows in the hearts of the company’s most ardent believers, there is little doubt that this altcoin will again prove itself as a significant player in the month(s) to come. With the Twitter feeds all abuzz, and some predicting a US$10 price target, it’s probably time we all take another look at the potential of this fantastic mover in the crypto-universe.

So what explains the media blitz and current predictions surrounding Ripple (XRP)? And how do we play the current dip to our advantage as we make the leap and entrust our fiat to this giant in the altcoin universe?

Media Attention

The vast media coverage on Ripple (XRP) over the last month may prove to be justified, as potential developments and not-so-far-off predictions are theorized and contemplated in crypto-space. Starting with rumors before the new year about a possible listing on Coinbase, and continuing into 2018 with the cryptocurrency’s potential use by Amazon (and now Moneygram) the buzz surrounding Ripple (XRP) is ever-growing. And new participants (like market-bees attracted to the hype in my altcoin analogy here) are swarming with hive-minded excitement, ready for the sweet digital-honey of potential gains to pour into their waxy, hexagonal shaped wallets.

With the backing of over 100 institutions, this mainstay in the banking sector is helping solve complex problems as a cost-effective solution to handling transactions. Ripple (XRP) allows banks in varying regions of the world make fast, verifiable transactions. For these institutions, Ripple (XRP) and the verifiable immutability of the blockchain technology it utilizes, has proven itself as a useful tool. And when the coin is finally accepted onto Coinbase and used in the transaction systems of major corporations, like Amazon, we will see the justification for the media blitz play out in real-time on the graphs and charts exhibited on your favorite trading platform(s).

Catch the Dip

The best way to succeed in any market is to adhere to the first principle of trading taught in your middle school economics class; Buy low and sell high. The recent downturn in the coin market made a dent in the prices of many altcoins, rolling them back, almost universally, to December support levels. While many investors are still recovering from the recent shock that ate a substantial portion of their gains from the year before, savvy players (and new participants) are eyeing the current dip as a last-chance opportunity to get in. Ripple now sits substantially down from its highs before the entire space crashed last week.

As the market recovers, however, and the sounds of cheers grow louder from your neighbors and friends as they notice their gains in the coming days, you may be tempted to get in on the action as well. And if you want to impress your co-workers, forever gossiping around the water cooler about their favorite crypto-coin-de-jour, just mention your recent foray into Ripple (XPR) and the altcoin-universe. You’ll fit right in.

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. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of ClaraDon via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite