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.
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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
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…
Crypto Billionaire Predicts Massive Price Growth by 2021
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…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
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…
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