If you follow the crypto market at all you already know the bear has been hugging us all year, and, despite a few fluctuations, not just Ripple’s XRP, value for most tokens has been going steadily down since last December. We all know that every market alternates between bullish and bearish runs, which means that the current bearish trend is bound to finish. It’s just that we don’t know when that will happen.
Well, according to current technical market analysis for XRP it seems that the signs are there for Ripple’s token to break the bear’s hug at last. The current charts for XRP show that it could be about to explode (still, don’t quote our words).
So far Bitcoin’s downward trend has been limiting the market’s growth. This is true for XRP as much as it’s been for Tron, Cardano, and many other coins as most of them can only be acquired through exchanges in which you can only get those other coins if you buy Bitcoin first. But it seems that XRP could be the first cryptocurrency to break that trend.
XRP has been going up, if silently, for some time now and it’s broken the market’s downward trend. It’s even fighting with ETH to become the world’s second cryptocurrency by market capitalization (and it’s held that spot for a few times over the recent weeks).
Even if Bitcoin’s is still stopping it from breaking out, because of pegging in exchanges and trades, it’s been growing slowly but steadily, and the project is getting amazing news regarding strategic partnerships, new users and real-world demand for the token.
So a new bullish run will arrive for the market as a whole, and the chances are that Ripple’s XRP is going to lead the way because it’s already pushing and growing. Remember that XRP was last year’s most profitable coin. That’s is the real question. Or is it?
The thing is this: XRP is one of the few cryptocurrencies that has found a way to become useful in real-world terms even if it remains somewhat unavailable for average users (it’s always been meant to be used by bankers instead). That is the strategy that makes XRP a valuable asset whose price is driven by actual economics (supply and demand) instead of speculation, which has been the rule so far.
Remember: in the end, the crypto game, is going to be about mainstream adoption and even Bitcoin is not doing as well in that regard as XRP. Even Wall Street (the Nemesis of cryptocurrencies) is trying its luck with XRP.
The crypto market, like any other market, is all about risk and reward. And traditional investors have been very skeptical about crypto because they think the risk is just too high. And they’re right. The crypto market is indeed precarious and volatile.
That also makes it more exciting, but there is no question about the high risk. That being said, the market has been quite stable over the last 30 days (if it’s been low). That eliminates the risk factor, at least for the time being, And in this context, XRP is one of the very few coins that has been growing steadily in value.
Ripple’s XRP is indeed growing, slowly but steadily. It’s achieving mainstream adoption and real-world value. If it keeps growing at the current rate, it could be at $5.0 by next year’s first quarter instead of today’s $0.50. But it undoubtedly will need to keep going strong from all angles to be there. Just watch and learn.
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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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Smart MFG Tech Announces its First Liquidity Mining Rewards Program on LINKSWAP
Manufacturing Industry 4.0 company Smart MFG Tech has announced that it is launching its MFG Liquidity Mining Rewards on LINKSWAP today. LINKSWAP is a decentralized, community-governed Decentralized Exchange (DEX) and an AMM platform, which was created by YF Link (YFL). The team at YF Link says it aims to address “the pain points of second-generation AMMs” by offering such features as Reduced Impermanent Loss, RugLock, SlipLock that are not offered by other platforms.
Smart MFG Tech has said that the first integration of the MFG liquidity mining rewards will use the LINKSWAP LP (Liquidity Provider) Rewards service. It will allow LPs to deposit their LP token(s) (UNI-V2) to the participating rewards pool (ETH|MFG) and earn MFG rewards seamlessly. Smart MFG said it will continue to work with the YF Link team to provide support for other pairs and expand services.
LINKSWAP’s Rewards is a liquidity mining service that enables LPs to earn rewards for providing liquidity in a participating pool. YF Link has implemented a custom frontend solution for Smart MFG LP rewards pool on LINKSWAP. This will allow LPs to add liquidity to Smart MFG’s existing ETH|MFG pool on UniSwap v2 and deposit their LP token(s) (UNI-V2) to their LINKSWAP rewards pool (ETH|MFG).
Smart MFG explained how the rewards can be earned:
“LPs get a share of the transaction fees on Uniswap v2. This is calculated by how much liquidity is provided relative to the percentage…
Building Your Nest Egg Brick By Brick: Are Micro-Investments Here to Stay?
No matter what our goals are, sometimes just getting started can be the most difficult part of building our savings up. When it comes to investing, many of us are wary of parting with our money to generate more financial security in the future. But what if you can build significant savings without even noticing?
That’s the aim of the micro-investing apps that have come to dominate online stores across Android and iOS. Today, more fintech startups are working on delivering refined solutions that encourage minuscule investments at a more frequent rate.
Micro-Investing apps will look to make saving more accessible to young people – many of whom in the UK have little-to-no money tucked away for a rainy day.
However, the prevalence of money-saving technology and the disruptive chaos of the COVID-19 pandemic appears to have prompted a widespread increase in households saving more of their disposable income:
With micro-investing platforms playing a role in bringing UK household savings back up to five-year highs, is it fair to say that little-by-little investing is here to stay? Let’s take a look at how micro-investment platforms could revolutionise how we manage our finances:
What is Micro-Investing
Micro-investing, or sparse change investing, is a relatively new development in fintech. It effectively enables users to put away small amounts of money towards their long, or short, term goals. The idea…
Decentralized Insurance Platform Bridge Mutual to Launch BMI Token on Polkastarter
Bridge Mutual, a decentralized platform that allows users to insure stablecoins, has announced that its native BMI token will be launched on Polkastarter tomorrow, January 30. The Polkadot’s decentralized exchange will host an Initial DEX Offering (IDO) for Bridge Mutual.
“Even the most sophisticated digital asset investors are at risk of losing their funds through various malicious and negligent activities in the blockchain ecosystem. With Bridge Mutual, we believe it doesn’t have to be this way. Using Bridge, people can control the risk exposure of their digital asset investments, just as they do with real-world assets. The Bridge Mutual platform allows people to offer and purchase coverage in a decentralized p2p way. We’re excited kickstart the launch of the BMI ecosystem with a launch on Polkastarter and creating a better way of protecting digital assets for users all over the globe,” Bridge Mutual CEO Mike Miglio said in a statement.
Bridge Mutual allows users to buy and sell insurance for smart contracts, stablecoins and crypto exchanges, peer-to-peer. Users can purchase insurance via the Bridge Mutual app and then file a claim if their digital assets are lost after a hack. “When users lock stablecoins in Bridge Mutual’s coverage pools, those funds are reinvested into popular (and safe) yield generating platforms that return yields to coverage providers. When a claim is approved, stablecoins from the coverage pool goes…