Connect with us

Blogs

Can Ripple (XRP) finally finish the year at $10?

Published

on

Ripple XRP

Price analysis and predictions for Ripple (XRP) are a common sight to see on the internet, almost over every publication about cryptocurrency. Many of these price analysis and predictions should be with less seriousness, but when a leader and CEO of a major organization tweets a clear value prediction for a competitor company, you should certainly take notice.

As one of the leading virtual currencies by market cap, the third to be specific, Ripple (XRP) has not been spared in the ongoing market slump that the market has been experiencing taking investors by surprise.

Ripple (XRP) current price and how it works

Apart from being around since 2012, Ripple (XRP) as a blockchain technology represents one of those innovative platforms that is revolutionizing and solidly backing up financial institutions and banks all over the world with their quest to provide a fast and secure settlement. The blockchain technology aims to build customer trust and confidence by providing superior services to them.

Based on small free software that pursues the growth of a credit system, the Ripple system is based on an end-to-end paradigm that allows each Ripple node to function as a local exchange system. By doing this, the entire network decentralizes the internet by forming a decentralized mutual bank.

This is to mean, the Ripple (XRP) network is a distributed social service provider based on the trust and confidence of the existing individuals in real-world social platforms. In this way, financial interests are based on social interests. An extension of the current hierarchical banking system would equate a reduced version of the Ripple blockchain network. This is how powerful Ripple (XRP) as a blockchain technology and platform is.

At present, Ripple trades at $0.44933 marking a 6.05% decline from its yesterday price.

Ripple Developments

Although recording dismal prices over the past few months, many crypto analysts believe that Ripple will not only be able to fetch similar prices it peaked early this year, but it will be able to create new bearish prices as well. It is through this argument many crypto analysts believe and are encouraging investors to invest in the digital coin as now is the right time to invest in Ripple (XRP).

The cryptocurrency is increasing its liquidity chronologically as it keeps scoring new listings. Three more trustworthy exchanges including DX Exchange, The Cryptocurrency Exchange (an Australian exchange) and Unodax (India based) added Ripple (XRP) to their platforms just recently.

Ripple is constantly making the headlines with news of adding new corporate clients from all over the world. These clients are not your average clients but clients with strong financial clout.

Ripple (XRP) to reach $10 by the end of this year

Keeping these factors and other in mind, I believe Ripple (XRP) has all it takes to end the year having 10x it is worth currently, to trade at 10 US dollars or even higher. This is the reason why Ripple is looked upon as the best investment opportunity among other cryptocurrencies in the market right now. If indeed it rises to 10 US dollars, Ripple’s market cap will be equivalent to 20 cryptos in the market.

Therefore, if you are looking to invest your money into a digital asset that can get you high returns with minimal risks, Ripple is the right option for you due to its current low prices and future potentials it possesses. Long-term investors are set to be the greatest beneficiary of this great digital asset.

For the latest cryptocurrency news, join our Telegram!

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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

Published

on

TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

Continue Reading

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Press Release