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Is XRP Hitting $10 Wishful Thinking or Near Future?

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XRP

Predicting the prices of cryptocurrencies has become one of the biggest trends these days. Many crypto experts and enthusiasts are looking towards the future and hoping that their favorite coin becomes the next big thing. XRP is among the cryptos that are getting the most attention, and many are interested in what might happen to this coin in the next 5 years.

Ripple (XRP) is among the top coins these days, at least when it comes to rank. According to the CoinMarketCap, Ripple currently holds the third place, and it is exceeded only by Ethereum (ETH), and Bitcoin (BTC) which still refuses to leave the number one place in the market.

Ripple has, obviously, done very well for itself when it comes to stats, despite the low price and a lot of controversies that have been surrounding it recently. The XRP enthusiasts still believe that investing in this coin is the smartest decision right now, while the price is still low. Currently, that price is $0.445274 per unit, but a lot of experts believe that this is only a temporary thing and that Ripple is bound to skyrocket before long.

This is not an unusual thing to expect, considering that Ripple is still a very young crypto. Despite this, it managed to develop rapidly, and it created various products that have turned it into a go-to crypto for banks and financial institutions from around the world.

XRP’s journey so far

Ripple’s development has been fast ever since the coin first showed up in early 2017. Back then, it was valued at $0.0064 per coin, and in less than a year, it reached $0.8. Before the price drop at the beginning of 2018, many experts believed that XRP will reach, and maybe even surpass $9 per coin by the end of this year.

With the current situation, we can probably assume that this will not happen, but that doesn’t mean that Ripple will never reach those heights. In fact, many believe that Ripple has what it takes to go far beyond $9 per unit. Of course, it is not expected to beat Bitcoin, with its bottom being over $6,000, but it might just be capable of continuing to hold the 3rd place on the crypto market.

As mentioned before, Ripple has managed to do a lot in its short time, and its goal has become to revolutionize the financial industry. It started making connections with banks and financial institutions around the world, and it soon became one of the most trusted cryptos in this area. A lot of its efforts include the creation of better payment solutions that might improve the international transactions, and as far as anyone can tell, Ripple already did that with a lot of success.

Of course, its systems are still not fully trusted and are being tested by large names like Western Union for a while now. Still, the coin has proven to be necessary in the modern world, which has basically made sure that it will have a bright future ahead of it.

Ripple price predictions

Ever since the price drop at the beginning of the year, Ripple has been relatively stable. It did have a few ups and downs, but its oscillations were a lot tamer than those of some other coins. This has proven that Ripple has stability, which has caused a lot of investors to turn to this coin, believing that it can only go up from here.

Ripple price forecasts started appearing all over the internet, and the majority of them has offered realistic predictions. The short-term viewpoint sees Ripple reaching $0.5 per coin, and holding on to this price for the time being.

As for the future, this is where things are starting to get a bit more interesting. Of course, predicting a price of cryptos is a very difficult task, especially when we take into consideration the fact that the crypto market has a mind of its own, and it doesn’t usually follow these expectations. Still, some brave souls have dared to make estimations regarding where Ripple might end up in the next couple of years.

Many of these predictions see Ripple reaching larger heights than ever before, with the coin being expected to reach the value of $21 in the next year. After that, things are expected to slow down a bit, and while Ripple is expected to continue to grow, its price by the end of 2021 is only expected to be $27 per unit.

The two years after that, however, are expected to see Ripple go higher than ever before, and maybe even reach its full potential. The price predictions estimate that Ripple might be capable of reaching up to $70 per coin, and possibly even exceeding this value. Compared to its current cost, this would mean that Ripple will make a +15,710,00% increase.

Of course, this is still far in the future, and predicting the crypto prices is anything but certain. However, we should bear in mind that people that are making these forecasts are crypto experts after all, and if anyone can read the unpredictable crypto market, it is probably them.

For now, Ripple has its hands full with trying to perfect its products, resolve controversies, and ensure the stability that so many other cryptos lack. It will certainly be among the coins that will survive the crypto extermination that is also expected to come, and after that, experts believe that Ripple will rise like never before. In the end, a lot is expected of this coin, and many hope to see it becoming a world currency someday.

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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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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