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Ripple (XRP) 2019 price prediction: $10 more than a possibility

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Ripple XRP

Apart from being the third biggest cryptocurrency in the world, Ripple (XRP) just like other cryptocurrencies has been experiencing a slump in price. Even after hiring Cory Johnson, Ripple’s new head market strategist, XRP still seems to be struggling to appreciate in value. Many analysts had predicted that XRP prices were going to witness some increment in the crypto market, but unfortunately, this is yet to happen.

Despite having support and significant partnerships, Ripple dismal performance is attributed to a court case they lost against a major company that started the negative price trend that has never been witnessed since the inception of the digital coin.

Experts are bullish about the Ripple (XRP)

Many analysts are confused why Ripple (XRP) prices started sinking after the announcement of Cory Johnson. We are still trying to find a correlation between the sinking in price and the appointment of Cory.

Through a media statement, Cory assured the public that he is working round the clock to explain the poor performance from Ripple’s end and is working tirelessly to come up with new strategies that are going to mitigate the current situation and propel the digital coin to more positive momentum.

The total worth of Ripple is $49 billion, but given the volatile nature of cryptocurrencies, XRP is experiencing a considerable number of peaks and depressions when it comes to value. But despite XRP’s dismal performance Roman Guelfi, a respected crypto expert, believes 2019 is going to be the year when XRP will excel hitting notable prices. Following is what he had to say;

“Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019… As the market observes more projects being coded in other algorithms such as XRO, ETH will likely take a backseat to the next big coin/token… It will take some time for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place”

Brad Garlinghouse, Ripple’s CEO, on his part is documented saying that Ripple (XRP) intends to comply with regulators as well as work with them to drive the digital coin to progress. The main brain behind Ripple says;

“It is incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system… The blockchain revolution is happening from within the system it’s not going to happen from outside the system”

Reasons why it’s okay to be bullish about Ripple

Despite the experts feeling positive about Ripple’s performance in 2019, some other factors could send Ripple through the roof in 2019.

One of the factors to consider is, Ryan Zagone, one of the top executives of Ripple, got elected into the Faster Payments Task Force of Federal Reserve just recently. This inclusion could prove to be a big deal for Ripple as it demonstrates when it comes to international payments, Ripple posses a bright future.

Ripple (XRP) is not saturated by 100% (as like many other cryptos). Just imagine where the coin would go if it reaches the 100% saturation. Ripple’s market capitalization sits at around $20 billion currently, in case the currency marks $29 billion for market cap, and then if we divide the coins in circulation that could make it possible for Ripple (XRP) to hit $10-$15 price easily.

$10 trillion travels via SWIFT, the system used for international financial transfers, daily. Ripple’s CEO, Brad Garlinghouse, expects dozens of banks to join Ripple network in 2019; as many financial institutions and banks start using Ripple (XRP) for currency exchange and past payment settlements worldwide, Ripple will have a good share of the SWIFT’s $10 trillion, which could affect the value of Ripple’s virtual currency XRP positively.

Not only is Ripple (XRP) one of the most significant payment platforms in the market but also, it is one of the leading virtual currencies in a market full of virtual currencies with new ones popping up every day. This is not news.

Pundits and virtual currency analysts point at Ripple (XRP) when asked about the cryptocurrency that has the most potential today and beyond. After the market leader, Bitcoin, there is no clear-cut second placeholder. It might mean that we start to experience the upsurge and consolidation of Ripple (XRP).

Given the fact that XRP is currently valued at $0.49628 and we are already halfway done with 2018, it might look outrageous prediction but if you consider the possibilities surrounding Ripple as we step into 2019, it comes next to the reality that the crypto could hit $10-$15 price point in 2019 with ease.

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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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