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

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Ripple
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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