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Incredible things have started happening for Ripple, HODL your XRP tight!

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Ripple XRP
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The Ripple’s XRP token has been pretty much in the spotlight during the last couple of months because of a huge controversy regarding the veracity or not that the crypto is going to be classified as a security by the Securities and Exchange Commissions (SEC). However, as it was to be expected the company Ripple Labs struck back and came up with the deployment of a variety of strategies to give a crystal-clear declaration on the matter.

Like this, the first move was nothing less than the differentiation between Ripple the company, and the XRP token. Let’s recall that not so long ago the term “Ripple (XRP)” was largely used by the community for referring to the third largest crypto of the market, which, of course, is the main fact behind the misunderstanding and the tendency to link the achievement of products such as xCurrent or xVia to the crypto itself.

As a result of the differentiation, Ripple Labs has been working tirelessly to dispel the rumors and to show the cryptosphere all of what the crypto has under the sleeve to get to the top in a matter of a short time. Let’s see the latest updates of the Ripple’s coin, XRP, and all that can be expected in the near future!

Partnerships and endorsements

One of the biggest achievements of the recent days for the XRP token is definitely the addition of the coin to the platform Bitcoin Superstore, a website on which users can buy items in several retailers such as Amazon, eBay, and others with the use of cryptocurrencies.

The announcement came on August 5th in a tweet of the Bitcoin Superstore that reads:

In the same line, another outstanding alliance is the one that Ripple deployed with the wallet and exchange, Wirex, a relationship of which resulted in the addition of XRP as a support for a Visa prepaid credit card. The engagement has triggered an increase in the number of transactions and sign-ups of the token, which of course, respond to the possibility of paying using Ripple’s XRP now.

For its part, when it comes to endorsements, XRP has received a lot of attention lately from the most renowned institutions of the cryptosphere. We can count amongst them the approval that the independent rating firm, Weiss, made on Twitter about XRP with a message that read:

The same way, the Philippines based payment network Coins.ph is adding XRP to its platform for allowing its users to pay their bills using the XRP token. And Bittrex for its part announced that XRP would be added to their platform on August 10th in the company of Ethereum Classic (ETC) (so that’s done too).

Conclusion

Good things are coming for the XRP token. In fact, SBI Holding Chairman – Yoshitaka Kitao has foreseen that the price of the token will reach $9 by the end of the year, a fact that sounds a little difficult considering the present behavior of the coin (and whole crypto market). Would it be possible for Ripple’s XRP to reach the $9 mark? Only time will tell. Stay tuned!

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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.

Image courtesy of Pixabay.com

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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