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

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Ripple XRP
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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.

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

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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