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

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Ripple XRP
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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.

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

Image courtesy of Vitaliy Paykov on Unsplash

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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