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

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Ripple (XRP)
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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