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Ripple, Ethereum, Bitcoin: What’s in the cards for them?

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Current neutral observers are calling the crypto-coin market “volatile.” It’s not volatile. Since last December it’s been going down like a lead balloon, there’s no way around even for Bitcoin, Ethereum or Ripple (the top threes). But the cryptosphere marches on in the knowledge that bearish runs are not eternal but just a stage in which you wait for the next bullish run to arrive, and take advantage of the opportunity to buy cheap.

In that spirit, several blockchain projects keep moving forward and pursuing their goals as if the market didn’t matter at all. And if they get their way, the market won’t matter at all, indeed. Let’s talk about a few of them.

Last week was “Blockchain Week” in San Francisco, home of Silicon Valley and digital tech capital of the world. Many interesting news came out concerning Ripple, Ethereum and Bitcoin last week. Let’s briefly review some of them.

Ripple

Ripple’s annual conference was held starting last Monday, with former President William Clinton delivering the keynote speech (which barely mentioned blockchain technology or cryptocurrencies at all) but gathering a lot of attention for the event.

Swell 2018 (that’s the conference’s name) concentrated on Ripple’s platforms’ applications and the launch of xRapid, the company’s new platform which will use XRP (Ripple’s native currency) as a means to consolidate an international remittances network.

Ripple’s technology to settle international payments is ready to go into the production stage. It’s not extensively deployed yet. But big players such as Banco Santander are using it already, and the tech is so good it could end up taking over SWIFT’s business. SWIFT’s conference is getting held at the end of this month too, and they also included Ripple in theirs (a big surprise to many).

The most relevant thing about Swell is that three big financial institutions are using xRapid in the production stage already, not just as a pilot or as a trial. If that works well for those three banks, many more will follow, creating demand for the XRP token and bringing Ripple’s technology into the traditional financial system’s mainstream.

Big and small banks all over the world are starting to realize how Ripple’s platforms and currency can give them a competitive advantage and joining in pilot programs. They can save money, time, provide their customers a better service. They’re paying attention.

The mood at Swell, according to participants, was very optimistic which is good news for everybody in the crypto community, not just for Ripple. It’s all about mainstream adoption, which is the point in which cryptocurrencies stand a serious chance to take over the world. No, we’re not joking about this.

Ethereum

After Ripple, we have Ehtereum to talk about. Things haven’t changed there in a while. The same amazing advantages. The same complaints: the network is slow, and the gas price becomes inconvenient as the token’s value goes up.

That is why the community is working hard to make things faster at Ethereum, but it’s also why many projects are looking to transfer their platforms away from Ethereum to other blockchains which are much faster and also much cheaper (Cardano, EOS, Tron are good examples, some of which, ironically, started over Ethereum).

Bitcoin

On Bitcoin’s front, prices are still expected to rise. But nobody knows when. While nobody doubts this will happen, it’s becoming a bit of a tedious wait because it’s been ten months already.

There’s obviously nothing wrong with Bitcoin, but speculative pressure has kept it down for a very long time, and that pressure keeps almost all other coins down because, in exchanges, most cryptocurrencies are pegged to Bitcoin in some way or another.

In short: Despite the not so pleasing present, there seems to be a bright future ahead for Ripple, Ethereum and of course the king, Bitcoin. There’s plenty of good news in the cryptosphere, and we didn’t even mention Tron or other projects that have been leaping forward spectacularly. But don’t worry, we report on all those news too, every day.

For the global insights every crypto trader must have, apply for Elite membership!

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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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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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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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