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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.

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Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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