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Will Ripple XRP reach $1 as 2018 ends now? deVere CEO says yes

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Ripple is showing positive signs for a bullish trend at the moment and the CEO of deVere Group, Nigel Green believes that the price of XRP could move above $1 before the end of the year.

Ripple’s XRP is the third-largest cryptocurrency and has a market capitalization of $21 million at the press time. Green believes that Ripple is well-suited for the surge and anticipates Ripple’s utility to increase for more adoption by many FinTech companies and organizations around the world.

Green also stated this: “Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for businesses, organizations, and individuals.”

deVere Group CEO continued,

The use of XRP is set to increase, and naturally, this will positively impact its price. I think it is likely that we’ll see it hit the $1.00 price level before year-end. It could even be double this in 12 months’ time as XRP adoption and usage soars.”

Nevertheless, Green made his prediction due to the way cryptocurrency is changing the world today concerning the finance and money transfer. Ripple (XRP) has already shown it can revolutionize cross-border payments and global finance.

Recent Ripple Strides

Ripple is changing the way cross-border payments are being done, and this has become a top solution for global remittances. Trust payment firms such as MoneyTap and TransferGo has adopted Ripple’s technology.

Additionally, Ripple will be launching one of its products, xRapid in less than a month now, but a specific date hasn’t come up yet on when this product will be launched. It is important to know that the announcement of this product was revealed by the Sagar Sarbhai who is the Asia Pacific and the Middle East regulatory relations head at Ripple.

Also, XRP is set to become one of the main medium of payment for a new technology startup company known as Coil (in fact the platform has already started functioning). Coil, a startup company based in San Francisco has taken on to create a new platform to help contents and its creators.

It is important to know that Coil makes use of Web Monetization protocol to pay content creators. Coil also aims to use Interledger protocol “which means that you’re not tied to any currency, token, or single company.”  The company further said this:

“We’re going to start off with background on Interledger and Web Monetization before diving into how to use it yourself. The project aims to address slow block finality, high transaction fees and unsophisticated payment channel constructions that exist within blockchain payment solutions today. The team is building a decentralized payment network leveraging Interledger for clearance and is actively working on an Ethereum plugin for the protocol.”

Ripple also is experiencing a sell-off as Jed McCaleb, Ripple’s co-founder has decided to increase the sale of XRP tokens he possesses. It is also worth noting that that within a week, ending Wednesday (September 26th, 2018), McCaleb increased his token sell-off to over 500,000 XRPs. Even though McCaleb’s sell-off seems massive at the moment, it has affected the price nor the market activity of Ripple.

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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.

Photo by Jack Harner 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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