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FUD to perish, Ripple’s XRP is an excellent long-term investment, here’s why

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Ripple XRP

The crypto market has been conquered by three different coins for a considerable time now. In this sense, Bitcoin (BTC) claims to be the gold. Ethereum (ETH) for its part was proclaimed as the silver of the cryptosphere, which should be enough reasons for us to believe that Ripple’s XRP would be the bronze, as the token is the third largest cryptocurrency of the market after the cryptos mentioned above.

But, is XRP (XRP) really comparable to other cryptos in the market? Well, to give a response to this question we need to see a few details on the third-largest coin. Let’s check them out.

The uniqueness of Ripple

One of the most characteristic features of Ripple’s network is that each transaction that occurs on the system is certified by different nodes, which as a result, gives the distributed network a more resistant mechanism in case of potential risks.

However, what seems to be more shocking about Ripple is the division that the company has made in regards to its solutions, platforms, cryptocurrency and more. Like this XRP represents the virtual coin of the company, RTXP (Ripple payment protocol) represents the technology behind its operations, Ripple network represents the network that channels the technology and protocols, and finally, Ripple represents the company itself.

Furthermore, all investors can hold XRP without any restriction, and the Gateway that the platform uses acts as the credit intermediary between the two parties involved in the transaction.

Nevertheless, despite the outstanding differentiation between Ripple’s XRP and other top cryptos in the market, it just doesn’t seem like the sector is treating the cryptocurrency any differently, which means the value of the coin in spite of being constructed differently is suffering the same.

But, if the situation is the same for XRP, is it possible to believe that XRP would be a great type of investment in the long run? Well, we have reasons to believe this is a fact, and here I explain all the details (as much as I can briefly).

Why invest in XRP?

  • Trading price: XRP is currently trading at a price of $0.28, and this represents almost a 90 percent decrease from its all-time high of $3.37. Besides, the crypto serves as a bridge to exchange different cryptocurrencies, and rumors of addition on Coinbase are every time more substantial, so every investor who would like to buy as an asset at a price below the $1 mark should consider XRP as the best option of the market.
  • Banks adoption: It Is not a secret to anybody that concerning negotiation and partnerships, Ripple has deployed the most marvelous strategies, which have resulted in the approach of thousands of banking institutions from all across the globe. In fact, studies prove that more than 50 of the largest banks in the world are considering the adoption of Ripple’s XRP as a solution for their payment systems.
  • Transactions speed: XRP is the token with the fastest transaction speed in the market, it only takes 3 seconds for the platform to deploy a transfer, and it actually has the capacity of executing 1,500 transactions per second, which compared to the $5 trillion transactions per day that its chief rival SWIFT can make, represents a tremendous advantage.

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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.

Image courtesy of Pixabay.com

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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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.  

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Altcoins

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

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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…

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