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Reasons proving Ripple (XRP) will not stay below $1 for Long

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XRP
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From the very beginning, XRP (Ripple) has been working on setting the lead for the cryptocurrency market, and that’s surely a mission accomplished for the company, which in fact, is conceived these days as the one to be followed in the whole industry.

Ripple has been showing some of the most consistent and significant steps on its path, even getting to create audacious strategies that for the rest of the companies seem to be unreachable.

Like so, is the bold move of working on hand by hand with the central banks around the globe, a fact that the company recently has loudly announced when stated they were addressing at least 40 or more of the world’s central banks with partnering proposals.

The game plan is not only well-elaborated, it is also very ambitious since of course, all of the commercial banks respond to their central bank figure, so if we see it through Ripple is targeting to engage as well with all of them. Thumbs-up on Ripple!

Ripple is keen to improve its transaction speed

With cryptocurrencies the faster the better, in fact, one of the reasons why the crypto users love these digital coins is because of the amazing speeds in operations, the main problem that on the other hand, regular financial forms haven’t been able to solve.

In this particular case Ripple has the ground all gained with a platform that allows the users to transact in a short period of time of 3 to 4 seconds, but still, the company feels like they can take it to another level; and to that responds the creation of a brand-new network denominated COBALT.

The new platform will perform transactions in the amazing time period of only 1 second, and even better, it is expected that when the platform is all set Ripple’s security could be improved even further.

Moreover, Ripple made public that COBALT will also manage to decentralize their system, a fact that could grant the company their spot on the Coinbase platform since the famous network only requires is that the coins function in a decentralized way.

Ripple refuses ICO possibilities

Ripple’s ledger is actually one of the most well-deployed among the market, on its decentralized and open-source platform many options are possible, including, of course, the possibility of launching the crypto tokens in it.

However, as recently was know different coders were trying to launch ICOs on the platform, recognizing that the ledger of Ripple is currently the best in the market, nonetheless, the company stated through a PR (press release) that they have no any intention of showing support or even promote ICOs on their platform.

Ripple is making its market wider

Ripple has made it today to finally appear in the Canadian market, the company was listed on the most advanced and important platform of the northerner country, CoinField, an exchange network in which its users will be able to trade using both XRP/USD and XRP/CAD.

The same way, at the end of March, Ripple made it to the British markets as it got its first pairing with GBT (Great Britain Currency) from LBX (London Block Exchange).

Ripple is maintaining its performance

Ripple Inc. has managed to perform in a better way than XRP, gaining more and more partnerships and even accomplishing to grow, an achievement of which, on the other hand, XRP hasn’t even been close to.

As a matter of fact, Ripple (XRP) is currently at a price of $0.47, a value that makes the coin decrease in a 4.3 percent, but in contrast, Ripple has maintained its third position in the market, and this fact let us conclude the XRP value won’t be under 1 USD for so long.

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. 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 Rev. Santino via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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