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Here Is The Upside Of Ripple (XRP) Being Declared A Security

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XRP
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The discussion as to whether Ripple (XRP) is a security or not has been looming over the minds of all crypto-traders and investors for a few months now. The SEC has yet to give direction with respect to the remittance coin in a manner similar to how it stated Ethereum (ETH) was not a security. This statement by the SEC about ETH even prompted the early listing of Ethereum Classic (ETC) on Coinbase.

It is, therefore, safe to conclude that Coinbase is warming up to the SEC ways of doing things for they know that there is a wave of investing that is coming. This wave of investing will be away from the traditional stocks to the world of digital assets. This new world of investing will still be regulated by the SEC and Coinbase wants to be bosom buddies with the authority.

So what if Ripple is declared a security?

The first thing that will happen, is a total dump of the coin in the crypto-markets. It will spiral out of control worse than the meteorite that supposedly killed off the dinosaurs. There will be a lot of comments and disgruntled XRP HODLers. They will reiterate Brad Garlinghouse’s statements that XRP is a separate entity from the parent company and that it was not even made by Ripple. XRP was given to the company by the creator of the coin so it can be a utility coin on the Ripple Network.

But they should not be disgruntled.

The way I see it, Wallstreet has been begging for a Ripple IPO since last December. They were like the proverbial cat that wants to get a hold of the goldfish in the bowl. When XRP is declared a security, they will have a party. This party will be because XRP can now be regulated by the SEC and listed on the numerous traditional trading platforms in Hong Kong, Chicago, London, Sydney, New York, just to name a few.

These trading platforms that never sleep, is where XRP will meet the trillions of dollars that want to invest in the newly declared security.  There is currently 39.3 Billion XRP with a market capitalization of around $20 Billion. This market cap will surely do gains by probably ten times and more and eventually hit the one trillion market capitalization.

Anyone who did not dump their XRP with the news that it is a security will reap the rewards of being a HODLer but in the regulated world of securities. Of course, they will be taxed for cashing out, but with XRP having a $1 Trillion market cap, this means that XRP will be valued at around $25 dollars. Even if the IRS takes 50% of this, you are left still with a handsome profit larger than the anticipated $10 per XRP.

In conclusion, whether XRP is declared a security or not, has no long-term adverse effect on the digital asset. If it is not declared a security, it will probably get listed on Coinbase and it will skyrocket. If it is listed as a security, Wallstreet will have a party on its behalf at the expense of the disgruntled XRP fans. But the anger by XRP HODLers will be short lived for XRP will still skyrocket in the traditional markets of securities. Therefore, both options are a win and XRP will still take over the world of investing.

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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

3 Coins Coinbase Will Adopt Next

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Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

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Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

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Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

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Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

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