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Reasons why this might be the year for Ripple (XRP)

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Ripple XRP 2018
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Ripple (XRP) has been characterized as being a cryptocurrency that is in the spotlight constantly. It has slowly become a very important coin because of its technology and astonishing features, and to say the least, this could definitely be the year for the crypto to hit never before seen performances.

As of today, the token is ranked as the number 3 by Coinmarketcap, with a value per coin of $0.55, and a total market capitalization of $21,908,093,615. The cryptocurrency has managed to deploy the most solid partnerships in the industry, being at the moment the only platform based on the blockchain being adopted by bank entities around the world.

Understandably, the expectations are certainly very positive around the likely results for the token. Here in this post, I’ll try to mention the most notable ones and the reasons why I believe Ripple (XRP) will conquer the world this year!

The answer to major problems of the financial industry

If there’s something to highlight about Ripple (XRP) that differentiates the coin from the rest of the cryptocurrencies is the solutions it offers regarding two of the main issues in the financial industry, the speed in transactions, and the fees charged per operation.

In this matter, Ripple has shown a very solid platform offering operations that last 3.3 seconds only (the time Ripple needs to complete a transaction, usually), and one of the lowest fees per transaction in the market ($0.0004 per operation).

Current listings of the coin

Ripple has managed to appear listed in several exchanges in the industry. In fact, it was recently added to the UK-based banking application Revolut. The same way, another UK-based LMAX Exchange recently listed the coin, a fact that increases, even more, the possibilities of Ripple to attract institutional investors, which is the target of the trading platform.

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Additionally, the awaited and long-promoted SBI Virtual Currencies exchange, has decided to support the crypto, and if all goes as the CEO of SBI Holdings, Yashitaka Kitao forecasted, then it definitely represents a huge opportunity for the coin.

xRapid experiments

xRapid is the incredible solution Ripple has developed to treat liquidity issues in the industry. This cutting-edge product has been tested recently, showing astonishing results with respect to the reduction of costs and times in transactions.

This way, Ripple found a reduction from 40% to 70% in the cost of a transaction by just eliminating the middleman figure, and in addition, the previous time it took to transact (1-2 days), was reduced to 2-3 minutes.

Current and potential partnerships

The Islamic giant of the banking Kuwait Finance House announced a partnership with the Ripple (they will be using the platform’s RippleNet) just a couple of days ago on its Twitter account. The message on social network established:

This strategic alliance can definitely shoot Ripple (XRP) to the moon, as it represents a huge milestone being the first time the blockchain-based platform that is used in the region.

Furthermore, rumors have grown regarding the possibilities of Amazon adding Ripple (XRP) as a payment method to its platform very soon. Although none of this has been confirmed yet, we believe it is a possibility that may open the horizons for the coin even further.

So, Ripple’s ability to solve real problems of the financial sector, current listings, xRapid and strong partnerships, it all backs up the fact pretty well that 2018 could be the year for it. And yes, we are approaching the middle already, but the coin hasn’t done that bad so far either, and there still is time left for it to ‘dent’ the market positively.

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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 Pxhere.com

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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