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Here's Why Ripple (XRP) Won't Fall Any Further - Global Coin Report
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Here’s Why Ripple (XRP) Won’t Fall Any Further



Ripple XRP

Ripple (XRP) ran to more than $3.20 a piece during the weekend just gone and, in doing so, recorded an all-time market capitalization high above $125 billion. This coin has been one of the standout performers from the last three months and it’s probably fair to say that, outside of bitcoin, it’s the coin that’s garnered the highest degree of mainstream speculative attention – that is, capital entering the space to speculate on XRP that otherwise hasn’t been allocated to cryptocurrency historically.

XRP Daily Chart

XRP Daily Chart

Right now, however, and as priced on CoinMarketCap, Ripple goes for around $1.92 a piece. At that price, the coin’s market capitalization comes in at just shy of $75 billion – 40% off highs, with the 40% decline coming on the back of just a few days of trading.

News media is calling time on what it refers to as the XRP bubble and skeptics are rushing to support this opinion.

There’s one part of the story, however, that nobody seems to be talking about. If they were, the current decline would be far more contained that it is and sentiment surrounding the wider cryptocurrency markets – and especially Ripple – would be far more buoyant than it is right now.

So what is everyone missing?

A few days ago, and basically without any pre-announcement, the above mentioned CoinMarketCap dropped all three of the major South Korean cryptocurrency exchanges from its price calculations.

Why is this important?

It’s a well-known fact within this sector that the SK exchanges consistently price the assets they offer at a 30% (approximate) premium to the rest of the world. Be it rooted in demand, optimism, high fees, regulation, whatever, this is a fact.

With many coins, this isn’t too much of a big deal. The vast majority of bitcoin volume is transferred across Japanese exchanges. This is true also of coins like Ethereum (which also has high volume in Europe) and Litecoin.

With Ripple, however, a large (dominant) portion of the XRP that’s traded is traded across SK exchanges. This means that the 30% premium impacts price considerably, as measured on a global scale.

So when CoinMarketCap took this volume out of the equation, a circa 30% dip would be expected pretty much instantly, given the website’s dominance in this space as things stand.

But that’s not all.

As noted, XRP is down more than 40% off highs, so some reading might be asking the question – why the extra 10% plus decline?

The answer is rooted in sentiment.

When the price of an asset starts to fall, people who own that asset start to sell out in an attempt to limit losses. This selling results in further decline and has a sort of snowball effect on price. The further price falls, the more people sell and the more price falls, and on and on.

On and on, that is, until common sense returns to the markets and people start to realize what’s going on and – in turn – start buying the asset in anticipation of price bottoming out and an eventual return to the upside.

We think XRP is at that point right now.

A 40% decline is substantial in anyone’s books and, when considered against the fact that nothing is driving the decline outside of a calculation alteration and a subsequent sentiment slide, it’s tough to see things dipping beyond current levels.

And when things start to turn around, they are going to turn around fast.

That’s why we like XRP at current prices more than perhaps any other coin in the market. It’s taken an amplified (and unjustifiable) impact on the SK listing alteration and, in turn, it should see an amplified recovery once markets regain some sense.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Ripple.


Why Bitcoin (BTC) Revival is Likely to Continue



Bitcoin (BTC) revival

The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin




It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches



Buy Bitcoin

Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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