Connect with us

Blogs

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

Published

on

Ripple (XRP)

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

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

Published

on

Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

Continue Reading

Press Release