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Ripple is the next big thing: Don’t get fooled by the current XRP price

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Ripple XRP
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There is no doubt that Ripple’s XRP is a unique cryptocurrency that is taking the shape of a protocol more than that of typical virtual currencies. XRP is the default token for Ripple.

Thanks to its unique nature in comparison to some of the other virtual currencies, Ripple (XRP) has succeeded in generating a lot of attention and interest from traders as well as investors.

In current time, hardly a day passes by without some information or news about Ripple (XRP), and as a member of the fast-growing virtual currency universe, Ripple continues to enjoy remarkable growth in fortunes.

The five-year-old business venture, which is led by Brad Garlinghouse, Ripple’s chief executive officer, is on the upward trend with its virtual currency, XRP, rubbing shoulders with the likes of Bitcoin and Ethereum.

It is this time we remember Ripple’s audacity last year when it compared itself to revolutionary companies such as Uber and Airbnb; companies that have managed to transform their respective markets

Why Should One Invest in Ripple (XRP)?

Ripple (XRP) Provides a Service

As one of its main strengths, Ripple (XRP) provides to the market a smooth experience when transferring funds globally using the power of its blockchain technology.

According to Ripple, this attribute allows financial institutions and banks to process their client’s settlements anywhere globally reliably, instantly, and almost free of charge.

Ripple Labs trades its digital token, XRP, through exchanges and institutions. In Q3 of last year alone, Ripple managed to trade over 53 million US Dollars’ worth of XRP.

Financial Institutions and Banks Require Virtual Currencies

Going by the technological advancements being witnessed globally, banks and financial institutions require vast amounts of liquidity to operate. This is one of the most pressing challenges banks and financial institutions have to face.

However, leading figures within the virtual currency market indicate that virtual assets such as XRP can be the perfect solution and tool to deliver and solve the liquidity problem. Crypto enthusiasts are already investing their money with the hope that banks will adopt a lot of Ripple (XRP) in the future to become their reserve currency.

Ripple (XRP) is Unique

In comparison to Bitcoin, for instance, Ripple (XRP) is not generated and does not depend on miners or mining. The mother company already generated roughly more than 99 billion virtual tokens.

Almost 55 billion of this number will be dispersed to users. Potential investors will have who wish to invest in Ripple (XRP) are required to have a digital wallet, the same way as other virtual coins such as Ethereum and Bitcoin.

Ripple (XRP) is Gaining Traction

Ripple (XRP) appears to be adopted and accepted by many financial players and exchanges around the globe. As of my last count, 60 exchanges have listed the digital coin on their platforms paving the way for the cryptocurrency to be adopted by financial institutions. Such companies include the likes of MoneyGram and other major financial players.

It is Profitable (for people with lots of patience)

In recent months, it is true Ripple has suffered negative price volatility, but it is in such situations that investors and traders can make money. Also, going by the number of companies that have adopted the token, it is just a matter of time when Ripple (XRP) goes the moon. To be honest, it is hard to tell when, but as things stand, it sooner or later will. Patience is the key.

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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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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