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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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