Connect with us

Blogs

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

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite