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

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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.

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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

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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