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Is Ripple (XRP) value on the edge to skyrocket now?

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Launched in 2012 as a currency exchange, remittance network, and a real-time gross settlement system (RTGS), Ripple (XRP) also known as Ripple protocol or Ripple Transaction Protocol (RTXP) is based on a shared and public ledger or database. Many financial institutions broadly adopt XRP, payment networks broadly used by many respected firms such as UBS, Santander, and Unicredit. Ripple undoubtedly has some advantages over other significant virtual currencies like bitcoin.

It is true that this cross-border payment system is one of the most popular digital currencies in the realm of virtual currencies. One of the main advantages of Ripple (XRP) is that it does not have common drawbacks such as high transaction rates and long transaction times. However, although having great benefits, the market environment at the moment has been and continue to value the price of Ripple way too low.

According to evaluations made by cryptocurrency market experts, the future of this precious digital coin is quite bright in the coming years. But the question stands when we will start seeing Ripple’s XRP prices to surge?

Ripple (XRP) in the remaining months of 2018

Many wonder the course Ripple (XRP) is going to take in the remaining months of this year. Ripple is still the third most significant virtual currency by market capitalization. While those near the cryptocurrency blockchain shower praise for all that is done to make Ripple (XRP) significant for real-life uses, there are some who are still looking for answers.

For example, many users are still not sure of the role and relevance of Ripple Labs in XRP’s performance. Also, we didn’t know the verdict of the court case that was being investigated whether Ripple (XRP) is a security or not just a couple of days ago. We know now though, and it’s that Ripple (XRP) is not a security. Great.

With that said, Ripple could witness drastic positive price change in 2018 in spite of the negatives and the lingering questions (those are getting answered nicely on the way) attached to it. There is no doubt Ripple’s benefits outweigh the negatives, and this could be the reason why XRP prices would surge later in the year. Some of the reasons I believe might affect Ripple prices this year include:

  1. Easy access to Ripple. Ripple is everywhere as the digital coin is listed on several major exchanges, including Revolut, UK based cryptocurrency exchange.
  2. Ripple proposes to cure some of the financial sector’s most vexing problems that include high transaction fees and slow transaction speeds.
  3. Ripple keeps expanding its partnerships with the last one being announced a few weeks ago. On 26 May, Kuwait Finance House (and then just a couple of days later, National Bank of Kuwait) publicized that it had signed an agreement with Ripple to commence usage of RippleNet.
  4. Ripple seems to continually make the news headlines, announcing one project after another. A few months back, Ripple made public the Xpring initiative at this year’s Consensus. Additionally, Ripple’s xRapid continues to shine, making massive advancements in the financial sector.

Final Thoughts

Ripple continues to have enormous influence on the global virtual currency market. With its recent development and partnership in a market where market segment determines volatility, its recent progress would only further improve its value.

Although it is hard to pinpoint a specific date when Ripple’s prices are going to surge, but looking at partnerships like Santander deal, a consortium of 60 Asian banks who are looking into the possibility of developing an application based on Ripple’s technology, and several financial institutions worldwide, we can only say that the near future of this digital coin looks very promising. There are over 1600 virtual currencies in existence today, but there is no doubt that Ripple is one of the coins leading the pack. So, its prices are more likely to surge soon, the rise might not occur in a rush – but it will.

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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.

Image courtesy of Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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