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Hurry up. Golden Ripple (XRP) investment opportunity window closes shortly

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Ripple XRP

The month of July is a significant one, and it might also be the month when the window of opportunity (in terms of huge returns) in the crypto market closes. Taking a look at the crypto market, the market has been bearish with lots of dips. However, three basic factors have been holding the crypto market back for the past few months. Here I’ll discuss why the month of July would be a crucial month for cryptocurrencies, especially Ripple’s XRP.

Custody issue

Coinbase has finally solved one of the biggest issues that institutional investors face. The problem of custody – which means where and how big institutions can store their cryptos without the fear of their funds being stolen by hackers such as instances with exchanges that have been hacked by cyber thieves.

Coinbase has found a solution termed Coinbase Custody: a service that helps to store Institutional funds. On June 2, 2018, Coinbase said this on its official Twitter page:

It is important to know that the exchange platform aims to be the most trusted crypto exchange in the world. Additionally, another aim of Coinbase Custody is to make sure that the storage of funds and investments are readily available for every financial institution out there. The exchange’s new service will have a storage mechanism for its clients’ digital assets (cryptos).

The problem of custody has been on for quite some time in the crypto market. Lots of institutional investors are bothered on where their cryptos can be stored. However, the Coinbase’s CEO, Brian Armstrong stated the most crucial problem that eligible institutions face with cryptos is security. With this problem solved, the window of opportunity (concerning huge returns) of major cryptos (including XRP) will close this month, July 2018.

The regulatory environment

We do know the debate on whether XRP is a security or not. Well, lots of investors are scared if they will call XRP a security. It is important to know that Thailand skipped the big debate on whether cryptocurrencies are securities or not.

The country skipped this debate due to the fact they want cryptocurrencies in the country to boom. One fantastic thing that Thailand did was placing Ripple (XRP) with other major cryptos such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Stellar, and Ethereum classic, as standards for ICOs and trades to pair with.

Thailand’s move indicates that most governments are preparing to back away from holding cryptocurrencies.

If you look at the top 5 cryptocurrencies today, most of them are based in the US. One crypto that is working closing with the US government is Ripple, and they are making sure that the US government check their activities to make sure that nothing goes wrong.

Regulatory policies by the US government may not harm Ripple due to the close check and updates Ripple has been offering to make sure the US government remains at the top to other governments like China. It is safe to say that Ripple (XRP) is a cryptocurrency that can make the US government stay on ‘top of its game’ to other countries.

Why is that so, China banned cryptocurrency, but recently, they are set to lift the ban. The country knows that the use of cryptos is worldwide and modern technologies are being used in the crypto market. With that in mind, the Chinese government won’t want to be left behind in remaining competitive with the US government and other governments.

Utility issues on the edge to get resolved

The crypto market is also faced with utility issues, and they are lots of questions concerning if digital currencies are going to be used by banks or financial institutions. In fact, this is the biggest of all the issues stated here. What’s the essence of a digital asset if it can’t be used?

A crypto coin like Ripple (XRP) has excellent potential, and one day, just because of this single reason (let other Ripple blockchain pros be on the side), its price will be way more than what it is today. Ripple (XRP) has lots of exciting plans for their products and xRapid – a product that uses XRP will go into production very shortly, according to Brad Galinghouse. It is also important to know that xRapid and xCurrent are Ripple’s software and these software use XRP for liquidity.

Utility issues not only applies to Ripple (XRP) alone, but to other digital currencies. This is due to the fact if digital currencies are used continually, lots of good things will occur and the transactions of funds will be much easier for banks, Amazon, and similar platforms because of the blockchain technology. Ripple has the potential to be the first company to be used by the Financial industry for cross-border transactions.

Final Words

Ripple (XRP) is a futuristic blockchain that sets its aim on long-term goals. The cryptocurrency is almost on the cusp for a breakout, and as a result, the window of golden opportunities (mega returns) might close very soon. As it stands now, it is an excellent time to invest your money in Ripple (XRP). Not just for Ripple, the month of July could be the turning point for all major cryptocurrencies. Let’s wait and hope for the best.

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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

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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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…

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