Connect with us

Blogs

Ripple (XRP) and the Ethereum (ETH) Rush – Catch It While You Can

Published

on

Ethereum

Coin market capitalization soared over the past 24 hours, touching US$450 Billion for the first time since early March. And with it, in an eerily familiar pattern reminiscent of the burgeoning market of late 2017, Ethereum (ETH) jumped over ten percent in value as the main beneficiary of investor cash.

With the onslaught of blockchain developments threatening to challenge Ethereum’s (ETH) crown, it is easy to forget that many of the most capable competitors to this smart contract ecosystem are still ERC 20 tokens themselves. With the likes of Cardano (ADA), Icon (ICX) and EOS (EOS) gearing toward the release of their ‘Ethereum killer’ blockchains, it may seem counter-intuitive that the aging infrastructure brought to you by Vitalik Buterin is still receiving the most attention from the common investor.

But if you remember the volatility of early 2018, you may also remember a key insight into why this is occurring, and what will likely follow. It isn’t too far of a stretch to expect the same coins that did amazingly well at the beginning of the year to again rise with this new influx of market wealth. Ripple (XRP) now looks ready to take full advantage of this very situation.

Ripple (XRP) has long been a favorite of the altcoin scene, having skyrocketed (and subsequently fallen) earlier this year on rumors of its inclusion onto Coinbase. Since falling back to earth, this giant of the banking industry has been steadily climbing alongside the market as a whole, dominating news cycle headlines while planning it’s next moves forward.

That next move is now clear. Ripple (XRP) has suddenly reignited its own smart contract platform known as Codius. This secretive and long-shelved project from the banking titan has seemingly been revived just in time to take advantage of the coming bull run. Now in its Beta phase, Codius promises an ecosystem for dapps and smart contracts outside of the realms held tight by Ethereum (ETH) and Bitcoin (BTC). And with Ripple’s speed and costs already challenging these top contenders, an independent and well coded smart contract ecosystem may send Ripple (XRP) skyrocketing back to its all-time highs before the end of summer.

Moving currencies from Coinbase and Bittrex, etc. to the variety of altcoin exchanges available to consumers has become the norm. Ethereum (ETH) with its speed and relatively low costs, has become the favored medium by which this movement occurs. For the typical investor, eager to reach out to the multitude of altcoins available on secondary exchanges, transferring his/her Ethereum (ETH) (or at least a portion of it) for reallocation into the altcoin world we all now live in has become commonplace. The Ethereum transferred to the likes of Binance et al. will be re-disbursed shortly, mark my words.

And the next currencies in line to benefit from the rise in Ethereum (ETH) will be the same coins that rose under similar conditions during the last market bull run. Leading this pack-of-wolves will be the savviest players, aware of the intricacies of market movements, thirsty for the fresh blood of a new investor class. And while a number of ERC 20 tokens will surely make gains as Ethereum (ETH) cools in the coming day(s), Ripple (XRP) stands ready to feast like an alpha male at this brand new market-banquet.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

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

Published

on

Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release