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Ripple (XRP) firmly focused on becoming the preferred digital coin, can it?

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Ripple XRP
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Predicting the prices of virtual currencies seem to be one of the biggest trends in recent times. Many cryptoanalysts and pundits are looking into the future hoping their favorite digital token is the next big thing. Ripple (XRP) is among the virtual currencies that have been getting the most attention, and many are looking into the possibilities of what might happen to this digital asset in the next five to ten years.

At the moment, Ripple (XRP) is doing very well when it comes to market statistics, despite the low prices associated with it and a lot of controversies that have been surrounding the coin recently.

Still, Ripple (XRP) enthusiasts and followers still argue that the coin is worth investing in at the moment considering its low prices (compared to what it deserves).

Currently, one XRP exchanges at $0.48902, but a lot of pundits agree that the low prices are only a temporary thing as the coin shows a lot of potentials to skyrocket anytime shortly.

This is not a far-fetched thing to expect, considering Ripple (XRP) is still a very young virtual currency that has managed to develop rapidly by creating several products that have turned it into the go-to virtual currency for financial institutions and banks around the globe.

Is their hope for Ripple (XRP)?

Back in December last year, everything seemed to be ‘perfectly’ fine with Ripple (XRP). Just like other virtual currencies, Ripple was skyrocketing and was quickly becoming one of the most significant digital tokens in the crypto market. In fact, Ripple (XRP) managed to pass Ethereum, and many observers believed that it was going to become Bitcoin’s direct opponent.

On a weekly basis, Ripple has appreciated about 12 percent as investors continue to reverse the two-month price slump that was experienced. As it stands, investors are in charge and are positioned to be the biggest benefactors, thanks to the resurgent Bitcoin and Ethereum hauling prices from the main support line.

Many believe in Ripple and its potential of becoming the leading currency in the future considering its rapid development since it first showed up in 2017. Back then, Ripple (XRP) was priced at 0.0064 US dollars per token, and in a short period, it reached 0.8 US dollars.

Before dropping in value early this year, many crypto enthusiasts believed Ripple (XRP) was going to surpass the 9 US dollar mark by the end of 2018.

With the current situation, I think it is safe to say that this might not happen this year, but that does not dismiss Ripple (XRP) ever reaching those heights and beyond. In fact, considering the tremendous work Ripple has been doing, many believe the crypto-coin has the potential to surpass the 9 US dollar mark predicted once everything settles down. It is just a matter of time.

At the time of writing, Ripple (XRP) is one of the top gainers in the last seven days recording bullish trends that have seen the coin surging above the 0.45 US dollar mark. Tuesday evening, Ripple prices rose sharply from 0.45 US dollars to sit above 0.5 US dollars in a matter of hours. The days gain have seen Ripple’s total market cap rise to 20 billion US dollars, up from about 18 billion US dollars.

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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.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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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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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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