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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
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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