Connect with us

Blogs

Ripple’s XRP and Bitcoin Cash (BCH): Two major cryptos bound to shine

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrencies appeared in the financial landscape back in 2009 with the invention of Bitcoin (BTC) by Satoshi Nakamoto. Back then the idea was to create an asset that would function outside the regulatory terms imposed by central banks.

It’s a vision that has been half accomplished, as more governments of the world strive to block cryptocurrencies with regulations and bans to stop or make the growth of the sector slow every day.

However, it results notable how even despite the friction that governments intend to apply, the crypto world has grown a lot since its invention, having more than 1,600 coins available in the market at the moment.

Virtual currencies have become a form of investment and payments, and with such a broad offer, we very often see how specific cryptos deploy strategies to get a better position in the market or simply to differentiate from the rest of its kind.

In this sense, most of the attention of the sector goes directly to Bitcoin (BTC), but do we have other good options to look at too? Here we present two of the major cryptocurrencies after Bitcoin (BTC) and Ethereum (ETH) that are worth to pay attention to.

Ripple’s XRP

Ripple used to mean both the remittance network and the cryptocurrency. Nonetheless, Ripple Labs, the company behind the XRP token and the cross-border payment solutions, decided to unlink both terms to differentiate the company of the crypto and dispel the rumors of a ‘security label.’

Ripple Labs has created three solutions (xCurrent, xVia, and xRapid) with which has developed the most influential business relationships with the finance sector, including partnerships with American Express, Mastercard, and Banco de Santander. Ripple provides the fastest and cheapest solutions when it comes to remittance services across the world.

The XRP token is the third largest of the sector by market capitalization, trading at the moment of writing at $0.320715. Additionally, the crypto is one of the most stable coins despite the movements of the market.

Bitcoin Cash (BCH)

The fourth crypto in the market charts is Bitcoin Cash (BCH). This crypto appeared in the sector as an alternative to the scalability problems that Bitcoin (BTC) used to have.

The company deployed a complicated fork of Bitcoin and improved some of the features such as increasing the block size to make transactions faster in the network. In the same line, it is known that the company is working on a project to provide better solutions that are going to be released at the end of this year.

The primary goal for BCH is to accomplish a massive adoption of the token, and that all of the users of the coin have a great experience while operating with it. As of writing, the price of the token according to Coinmarketcap is $530.

Conclusion

Despite the constant actions of the governments to stop the crypto market from growing, it’s been proved already that the sector continues its climb. We can see new strategies deployed every day, so we can be sure that is just a matter of time before cryptocurrencies become a fully-accepted digital asset. When they do, Ripple’s XRP and Bitcoin Cash are two of the tops ones that will be in the front row. Stay tuned.

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Vitaliy Paykov on Unsplash

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite