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Here Is Why $10 Ripple (XRP) Is Still Achievable in 2018

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The recent release of the Codius smart contract platform had many Ripple (XRP) fans excited for it was being released by the former CTO (Chief Technology Officer) at Ripple, Stefan Thomas, who now runs Coil. This means the new smart contract platform is in extension, part of the XRP family. Its chief goal is to introduce the interoperability of the different blockchains as well as to come up with new ways of monetizing the web, rather than the traditional way of doing things. Therefore, this is one reason to be bullish about XRP.

But will XRP reach $10 levels with Codius alone?

Absolutely not, XRP needs more than a revolutionary smart contract platform to accelerate its meteoritic rise in the crypto markets. One factor that will boost XRP, is the recently launched SBI Virtual Currencies cryptocurrency exchange. The exchange focuses entirely on Ripple. This is because the parent company of SBI Holdings has been a partner of the Ripple company for over 2 years now. Its CEO, Yoshitaka Kitao, has been quoted as saying that the exchange will be number one.

Mr. Kitao has also been bullish about a $10 XRP all year long. He has twitted numerous times about this price prediction and is serious with the new SBI Virtual Currencies exchange. Also to mention is that the exchange is based in Japan which has over 3.5 Million known crypto traders. This is a large customer base for the exchange.

One of Mr. Kitao’s tweets

Another factor that will accelerate XRP to greater heights, is the recent statements of Ripple’s CEO, Brad Garlinghouse, that dozens of banks will be using Ripple products by 2019. This means that these banks and remittance service providers will most likely use xRapid which is the only Ripple product that uses XRP to source instant liquidity for international transactions. This means the more times xRapid is used, the more XRP is sourced from the circulating supply creating a ripple effect of demand that will gradually raise the price of the digital asset.

Last, but not the final reason that XRP will reach $10, is the Ripple community of HODLers and traders. Ask any of your crypto-trading friends if he or she owns some XRP. Few, if not all, have some XRP in their crypto portfolio. The community participation and actual use of XRP for transactions will make it skyrocket in terms of value. Therefore, the time is now to be individual crusaders of XRP by actually using it for payment transactions.

In summary, there are a lot of factors that will guide XRP to the much anticipated $10 value. Any Rippler knows the only thing to do, is to continue supporting the efforts of the parent company in ‘taking over’ the financial system. Ripplers are also known to be very loyal HODLers and buyers of the coin when its value dips a bit. This last habit should not be abandoned, but rather, should be encouraged moving forward.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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