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Ripple is more likely to convince crypto detractors than even Bitcoin

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Ripple
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According to a declaration recently made by one of the most important figures in the independent financial services around the world, it is more likely that Ripple manages to convert crypto critics than even the leader of the market, Bitcoin.

The asseveration was made by the CEO, and founder of deVere Group, Nigel Green, who forecasts this could be actually the case since Ripple (XRP) just happened to had an outstanding inversion of $62 billion to its market value. Besides, during this period of time, the virtual coin also managed to increase values from $0.6500 and $0.6600 to an incredible number of $0.7000 against the USD.

The businessman, who recently during this year launched an avant-garde app for crypto exchange denominated deVere Crypto, established that the crypto market heated-up as the last year approached its end with several investors putting their bets on different coins — a fact that made Bitcoin to even reach the impressive value of $19,000, the highest value the coin has ever had. As a consequence, there was a price adjustment during the current year’s first quarter, making most of the coins in the market to fall down.

However, he assured that currently, the crypto market is gaining value once again, which makes the sector to be more optimistic about the prices that are going to appear in quarter number two, a bullish behavior that is being strongly predicted.

Likewise, regarding the compelling performance of the crypto market, he stated that for sure this latest traction was due to the fact that every time more institutions and retail investors are becoming aware of the fact that digital currencies are definitely needed in an environment fully digitalized and driven by technologies.

He continued:

“Also there is now huge awareness that blockchain, the technology that underpins the likes of Bitcoin and Ripple, is likely to be the world’s next major disruptive technology.”

Nevertheless, we know for a fact that not all is rosy for the encrypted money, and this is definitely seconded by Mr. Green — who agrees on the fact that even when cryptocurrencies are gaining ground lately, there still are a lot of detractors out there which don’t feel the revolution of virtual money is positive in any way.

Related to this, he thinks “Ripple (XRP) can be expected to convert the remaining crypto cynics”, an asseveration that is completely justified under the fact that the main objective of Ripple has become to integrate its services with central and commercial banks, just as with the main financial institutions around the world.

As an example, he quoted the recent alliance made by the audacious Ripple with the giant of the banking Santander, which recently has launched a service for foreign exchanges using blockchain technologies developed by Ripple in order to make international money transfers that last only one day.

Moreover, it is known as well that the company is negotiating with other major global banking entities and money transfer organizations with the intention of developing related products.

He concluded saying that even when cryptocurrencies are on its way to emerge, caution must always be taken as it’s a business moved by sentiment. Nonetheless, he also assured that Ripple will definitely help in the global embracing of such technologies and concepts.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up for our free newsletter!

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 Aram via Flickr

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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