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

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Ripple XRP
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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

Altcoins

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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