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Ripple’s XRP is slowly but clearly going all the way up

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We can say one thing about Ripple’s XRP coin. It’s not just been stable; it’s been going steadily up all the time. It’s not been just reliable; it’s been a great choice. While Bitcoin and Ethereum have had good and bad days, XRP just keeps going up.

It’s performed exceptionally well. If we look at the three-month chart, we’ll find it’s been from  $0.47 to $1.20. It’s not been volatile, it’s been very reliable (when compared to other big players, at least), and it’s been growing all the time. Fear, uncertainty, and doubt have not applied to Ripple at all.

How’s Ripple doing it?

Ripple has had many resources. It’s liquid and reliable and it is listed in more exchanges than any other coin. Its latest listing is UpHold. It has a platform that includes a digital wallet that caters to debit and credit card’s capabilities. It allows for users to do financial transactions among 34 different currencies, commodities and digital assets. It will even offer XRP/USD pairing. This makes the XRP platform a great option for liquidity.

Then there’s Japan’s SBI Holdings, a banking conglomerate that has adopted XRP as a currency and doing an exchange on it. SBI‘s CEO Yoshitaka Kitao has said that the exchange will be “Number one” once it goes public.

On the third place, Ripple has been gathering some fantastic partners in the banking industry. One, as we all know, is Santander (considered to be the world’s best bank right now), another one is BankDhofar from Oman.

They already have more than a hundred banking partners, and they are expected to get as many as two hundred this year. Ripple is becoming an industry’s staple, and that should not be ignored.

Last but not least: Ripple’s XRP is making remittance transference quick, cheap, safe and reliable. It’s becoming the street’s man’s currency, and it’s successful at that. Just a couple of days ago there was this Reddit user who explained how he used XRP to pay for a haircut. How could you possibly beat that?

So, despite the current ‘worrysome’ trend of the market, it’s still safe to bet on Ripple (in fact, a golden chance as it went down by almost 4% in last 24 hours – that’s a good chance to buy it cheaply now). XRP is growing slowly, but inevitably, it solves problems that matter for people in the streets by offering an option that can pay for everyday goods and services.

This all makes it an excellent choice in the crypto market. You should keep an eye open for Ripple’s currency; it’s working, it’s becoming a viable means of payment for people who are out of the banking world but who do own a cell phone. It’s making the financial world more democratic. It’s a force we should all take into account.

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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

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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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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