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Ripple (XRP) Has A Lot In Store For HODLers

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Ripple is generally considered as a centralized real-time gross settlement system (RTGS) that continues to amaze investors because of its rising value in the world of the cryptocurrency. Ripple has now become one of the most treasured startups in the U.S. because of its holdings of Ripple coins or XRP. Its name is now considered just next to Uber, Airbnb, Palantir, and WeWork. Ripple coin is the only digital asset that is specifically created for catering to the financial institutions for making easier payment transactions.

Ripple (XRP) is generally considered one of the most scalable digital asset that acts as a bridge between the fiat currency. However, there are several factors that help Ripple/XRP in becoming the third best coin of the crypto world. Ripple has gradually taken over the market by making some interesting ventures. The coin is generally known for some interesting factors like cross-border payments, cheap and fast transactions and many others. There are various factors that make Ripple (XRP) one of the most popular coins in the realm of the crypto world.

The reasons are discussed below:

  1. Ripple is paying to get Enlisted:

According to the recent updates Ripple has decided to get enlisted by offering financial incentives. The two exchanges that got the offer from Ripple are Gemini and Coinbase. Paying financial incentives to get enlisted on the market is not a new thing in the world of financial investment. But any of the currencies or foundations offering such financial incentives in exchange for getting enlisted is somewhat new. Ripple is the first blockchain based startup that has proposed this kind of offer. Ripple has offered 1million dollars in cash and in addition to this It has also offered Gemini 100 million dollars in XRP. Thus, Gemini could trade these coins by themselves for making some profit. However, Ripple representatives have denied the information declaring that they are just attempting to make Ripple (XRP) one of the fastest coins with a higher rate of liquidity and cheapest transactions. A lot is expected from Ripple in the next few months, some of which might really surprise the investors.

  1. Partnership with Slovenian metal:

Ripple’s partnership with Slovenian metal trading company has garnered plenty of attention. This partnership resulted in the joint project named eMetal. Ripple and BPG Group, a Slovenian company joins hands, allowing the investors to invest more in the metal industry and trade with metal.

  1. Association with the Remittance Industry:

In April, a declaration has been made that Ripple may attend Global Money Transfer Summit along with 9 others speakers aiming to discuss the novelties in the remittance industry. This is a good chance for Ripple to represent its idea for global money transfer that could contribute to revolutionizing the remittance industry.

  1. Allvor and Ripple:

Allvor is the first cryptocurrency that is going to host on Ripple’s ledger.  Ripple has made a significant step in the cryptomarket by adding Allvor to its ledger. Allvor that is specialized in e-commerce is running on blockchain ledger of Ripple network as it is the best and the most advanced data-based technology in the market.

  1. Market analysis:

According to the recent analysis of the crypto market Ripple (XRP) has started trading a bit lower than the dollar. At the time of writing, Ripple XRP, the price has dropped by -2.49% against the dollar that means XRP is currently available at the rate of 0.49$ per one unit. Although it ranks as the third-best coin on the global coin ranking it is still a bit far from its all-time high price rate when it is compared to the current state in the market.

However, there is still a ray of hope for HODLers as market experts are making predictions that the price of Ripple XRP can go up because of its association with two major exchanges that are Gemini and Coinbase.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 Thomas Hawk via Flickr

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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