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Is XRP Hitting $10 Wishful Thinking or Near Future?

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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