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Ripple price might see a sharp rise again when new payment option spreads - Global Coin Report
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Ripple price might see a sharp rise again when new payment option spreads

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Ripple XRP
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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

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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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Luxcore
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP
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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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