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Here Is Why Ripple Separating itself from XRP, the Coin, is a Good Thing

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Ripple
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For a very long time, crypto traders and enthusiasts have continually used Ripple to refer to the digital asset known as XRP. It was okay to do so during the months of November and December last year, but when the Ripple company is facing 3 lawsuits as well as the SEC, it is prudent to know the distinction between the two entities.

Global Coin Report had earlier highlighted that the popular crypto tracking website of Coinmarketcap.com was the first to conclude that XRP is separate from Ripple. The website did this by newly naming the digital asset via its cryptocurrency code of XRP. This, in turn, could be translated as being that the good team at Coinmarketcap has also concluded that XRP is not a security.

In line with this conversation, the Ripple company has issued a statement via Twitter stressing that XRP and Ripple are two different and totally independent entities. In a tweet, the Ripple company stated that:

“The digital asset #XRP and the company #Ripple are distinctly different.”

The company would go on to give reasons why the two are separate by giving more information on its website.

So why is this a good thing?

To begin with, the SEC will now see the clear distinction that XRP is separate from Ripple. Not being biased, but the guys at the SEC are a little bit older than your average crypto trader. This means that for them to grasp the sense of what XRP is, the Ripple company and the XRP community need to lend them a hand in explaining the differences. Once this concept is grasped by the SEC, even the judges handling the 3 Ripple Lawsuits will also understand these concepts and throw the cases out the window.

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To add to the above, separating XRP from Ripple now means that the company of Ripple is the biggest XRP HODLer out there. They can choose to dump a bunch of coins into the markets or choose to lock them up in Escrow. This is, in fact, is not a bad thing. It amplifies the fact that Ripple is a separate entity once again. Although a more ‘competitive’ position when looking at it from another XRP HODLer’s point of view. But knowing the guys at Ripple, they love the coin. They will not dump it.

The last reason why it is a good thing that XRP is separate from Ripple is that the institutional investors that were seated on the fence with respect to buying XRP, will now see the proverbial light and jump in with both feet. The buying of XRP might still be gradual and cautious with the pending cases and SEC comments, but it is still some progress in the right direction.

In conclusion, XRP continues to be one of the most loved and held digital assets in the crypto verse. With Ripple offering clarity between the two entities, the doors are open for the 3 pending cases to be resolved as well as the SEC declaring XRP is not a security. This will, in turn, bring in the institutional investors with their ‘big money’ signaling the beginning of an XRP Bull Run.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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