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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

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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