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

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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

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After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

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What is WINGS?
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