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Waves of good news for Ripple’s XRP, price still keeps dipping, when moon?

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Ripple XRP

Ripple’s XRP was last year’s best performing coin so as the current year started, it had gained credibility, and much was expected from it. So far it’s been relatively shaky (which is no mean feat in a market that’s been bearish for 7+ months now), but it’s performed more or less in the same way as the whole market has, which is to say, dismally.

And yet, there’s reason to believe that XRP is severely undervalued and a stream of recent excellent news help prove that point.

BitcoinSuperstore

BitcoinSuperstore is a platform that allows you to use a selection of crypto coins to pay for goods and services online (Amazon and Walmart, for instance). 

The platform just announced it would be accepting XRP as means of payment which gives XRP holders to more than 200,000 online stores all over the world. This is a milestone for Ripple as it means that non-institutional users will finally be able to transact in micropayments using Ripple’s token.

https://twitter.com/BitcoinSuperst1/status/1027299296792719360

Coinbase Custody

Coinbase launched a custodial service a month ago, more or less, and it’s considering forty digital assets to use as wealth storage for their institutional clients. 

While this means only one new user for XRP, the announcement denotes confidence in XRP’s future performance and reliability. This doesn’t mean that Ripple’s XRP will be available for trade at Coinbase, but it will undoubtedly create demand nevertheless.

Transaction Volume

You can follow the way the Ripple ledger evolves in Twitter. The xrpl_monitor Twitter account gives out a tweet for every transaction held in the network, and over the last 24 hours, it’s reported an unusually high number of significant transactions. The good thing about this is that every transaction fee must be paid in XRP so this creates demand for the token thus driving price (or at least, stability) up.

Q2

Ripple Labs announced that 2018’s Q2 had been the best since the company’s foundation. And that happened while the market is bearish. Of course, this has to do with Ripple, the company, and not with Ripple, the token, but the two entities are linked strongly enough that what’s good for one is good for the other as well.

Wirex

Wirex is a company that issues debit cards. Visa debit cards, to be more precise. They announced they are adopting XRP which means that you can connect your digital wallet to a debit card and use XRP to pay for groceries, the movies, cigarettes, or anything else for which you use your card on a regular basis.

This is a breakthrough that could surpass the BitcoinSuperstore one because while the latter is for online use only, this one means that you can use XRP to pay for goods and services in the street. Ripple is, at last, changing their paradigm.

Coinsquare

The Canadian cryptocurrency exchange Coinsquare announced an imminent listing for XRP. New markets, new users, new demand.

TechCrunch founder

It seems that TechCrunch’s founder tried Ripple out, and he loved it. He transferred fifty million dollars through the Ripplenet. The transaction was settled in three seconds, and the fee was 3 cents. 

While this is maybe not the most relevant news in this list, it’s still great PR, and Ripple needs it desperately at a time in which its most direct rival, Stellar Lumens, is getting excellent coverage everywhere.

The future of Ripple (XRP)

Any of the news above should be sufficient to appreciate how robust the Ripple project still is. It’s gaining ground, getting new critical strategic partners and it’s opening itself up to new possibilities such as becoming a consumer currency as well as an institutional one.

To put it simply: XRP is undervalued in epic proportions, and the only reason it’s not been doing great is that the whole market has had a terrible time this year. And currently, what we all are witnessing is the third-biggest (I should instead say worst) bearish run in the history of crypto. But a bull run will arrive sooner or later, and, when it comes, XRP will be positioned to take off spectacularly.

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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 Maxpixel.net

Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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