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Ripple price might see a sharp rise again when new payment option spreads

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We all know, recently, Ripple had a significant price surge, making its value to increase more than 60% in a week. It has been speculated that the reason for the recent price surge was due to the upcoming launch of XRapid – a new means of payment that will help the transactions of financial industries.

However, there could be another price surge with Ripple after a new means of payment for content creators through a technology startup company called Coil gets declared.

It is necessary to note that Coil is a tech startup based in San Francisco, United States. A former Ripple executive founded the company. Coil has decided to benefit content creators through a means known as Web Monetization – a way in which websites can get paid using Interledger directly.

During the recent price surge, Ripple (XRP) value increased drastically and helped its market capitalization surpass that of Ethereum within 24 hours. Although, the current price of crypto is still below its all-time price.

At the press time, Ripple is trading above $0.53, with a market cap of $21 billion. The coin currently occupies the No.3 position according to market capitalization.

Platforms such as YouTube, Twitch, and Wikipedia have been incorporated into Coil’s platform, which means that viewers can now be able to donate XRP tokens to these platforms.

Through this, Coil will charge $5 monthly for subscribing to its service – but it currently is on invite only. Although, the platform is warming up to register users very soon.

Subsequently, Ripple’s former executive stated through a Medium post that:

For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web.”

He further added,

Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.”

Coil is set to be in stiff competition with web browser Brave and ChangeTip, being that both platforms offer the same services as Coil. But the only difference is, both of them do not make use of blockchain technology whereas Coil does.

Also, Sagar Sarbhai, the Middle East and Asia-Pacific regulatory relations head at Ripple, revealed to CNBC that xRapid would go live next month.

It is important to note that xRapid is one of Ripple’s products that will help XRP. xRapid will speed the money transactions with banks and other FinTech companies. That could also increase the price of XRP and increase mass adoption of Ripple blockchain.

Ripple’s community is happy with the increased rate of mass adoption from various notable financial companies. Marcus Treacher, Ripple’s the global head of strategic accounts, has laid more emphasis on Ripple’s mass adoption and stated,

RippleNet’s newest corridors have a combined potential market that totals over $2 Billion in inflows over the last year: InstaReM and RationalFX opened up new corridors from the United Kingdom to Malaysia, Vietnam, Indonesia, Sri Lanka, and Bangladesh. Remitr and FlitterWave established a RippleNet corridor to Nigeria from Canada, the first connection on RippleNet in Africa. BeeTech and InstaRem creators from Brazil to Spain, Italy, Germany, France, and Portugal.”

Conclusively, we shouldn’t be surprised if we see a drastic increase in the price of Ripple before the year closes.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by sutirta budiman on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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