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Ripple, Verge, and Litecoin: Accelerations slow down but solidity grows

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Ripple Verge Litecoin accelerations solidity
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Ripple’s XRP crypto coin’s price is going up every fifteen minutes on average. It’s still below the raging channel’s line. It tested the $0.86 line, but it didn’t go beyond that, which renders it vulnerable to downside corrections. An Obama’s former regulator has recently said (not that it’s relevant under Trump) that Ripple and Ethereum break the country’s security regulations.

Gary Gensler (that is the man) says that further proof of authenticity is needed. Ripple’s current value seems to be utterly unaffected by such comments but, in general, those thoughts could affect the whole crypto industry (at least within the US).

Let’s put that aside for now and have a technical look at Ripple’s XRP

Right now Ripple is about the 50% FIB retracement level. It’s been dancing between $0.58 and $0.89, which means its value is supported by the ascending channel’s bottom trend line. Right now the XRP/USD rate is shaking around $0.85 with a simple moving average of fifty. Things look good for short-term trading, and it has a lot of momentum.

Verge’s Price 

Verge’s XVG price is another story. It went above the $0.1 psychological barrier, and it even had transactions above $0.11. But investors want safety and balance. XVG’s partnership with the Mindgeek (a big player in the porn/adult entertainment industry) kind of stopped growth. It’s been called a misunderstood partnership, yet profitable. But it could still grow a lot in the short run if only because it benefits so many users who want to remain anonymous and still transact.

But forget about Mindgeek. TokenPay is finishing some bank acquisitions in Germany, and they are also Verge’s (XVG) partner. This could make XVG the first cryptocurrency to be relevant in the very rigid (even more in Europe, even more in Germany) banking industry. TokenPay announced recently that they would make XVG debit cards available to their customers, and the community in general, sometime very soon.

Verge’s price is around $0.0801 right now. Keep an eye on it when you consult the 4-hour charts. It could be a great short-term option in the event of new declines in the market.

 Its value has been between $0.024 and $0.115 recently. But its market penetration is quite important so it should not go below $0.70 in the near future.

Litecoin’s (LTC) Price

Litecoin (LTC) has been under $150 lately. But it’s been gaining momentum as the 50 simple moving average works in its favor.

On the other hand, it’s been as high as $161 recently, but also as low as $112. Currently, $151 per token would be a safe bet. 

Current financial indicators are a bit confusing. Buyers and investors are going for $160 per token, but even this $150 is a good recovery sign for enthusiasts. Just keep watching, chances are Litecoin will remain a good option.

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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 Eric Vondy via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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