Ripple is doing an amazing job while climbing in the market towards acquiring a one dollar value per one XRP. This coin is more likely to reach the unofficially set goal by the end of this week, which would mean that Ripple will have set another goal – to get back at trading at its record price of around 3$ per one unit. However, what we are mostly interested in is the most recent competition craze the XRP team has started with two different competitions on board. And what about the main prize?
All XRP users got a chance to win a ticket to an exclusive invite-only happening held by XRP where Snoop Dog will be performing for the hand-picked XRP exclusive guests. Let’s find out more about this competition as well as what Ripple can gain from this kind of publicity.
Ripple Is Holding Competitions for XRP Holders
Since the case of the most recent events, you were able to follow up with a competition hosted by XRP called, Twitter Trivia. Entering this competition you are actually signing up for answering three trivia questions about XRP and Ripple. The competition started and ended on April 26th when it was announced that all XRP users would be eligible to answer trivia questions that would be asked during the day at a random time. The fastest users to get all three answers correct are the ones who will win the grand prize.
The second competition started on May 2nd and was announced to last until May 3rd. The name of this competition is Make a Meme, and on this occasion, all users were invited to make memes and tag Ripple with all memes related to predicting Ripple’s price in a funny way and in the spirit of the pop culture.
Ripple posted a press release in the name of the NYC blockchain week, stating that Snoop Dog will be performing on May 15th for an exclusive invite-only company. Due to the importance of this event, Ripple will reward the top 10 competitors from both competitions, Twitter Trivia and Make a Meme, with tickets to this exclusive event. They have further added that tickets for this event are not available for sale as the initial happening is being made for invite-only guests with the exception of also hosting this event for top ten winners.
Ripple team has also added that they are celebrating because they have managed to create faster, more scalable and cost-effective system that showcased that collaboration between cryptos and the “real world” isn’t that far away.
Can Ripple Reach 1$ Price Over this Weekend?
At the beginning of May 4th, it really seemed that Ripple had great odds to achieve the awaited price of 1$ per one unit as this currency was being dealt at the price of 0.91$ per one XRP. Just a day before, XRP was being traded at the price of 0.95$ getting even closer to the initial goal of one dollar price per one XRP.
However, we can see Ripple dropping against BTC at a minor rate of decrease while it has also dropped against the dollar, only to get back up again for 1.23%, while trying to remain its stability against this fiat currency.
Now, when Ripple is being traded at the price of 0.88$ per one unit while still being traded in the green against the dollar, although with a slight decrease that occurred in the last few hours, we can still see Ripple surging towards 1$ per one XRP in case the market doesn’t decide to plummet once again.
How is Ripple doing at the Current Moment?
Ripple has been among the top three cryptos that have managed to get close to or managed to achieve, the set goal price. That is how Bitcoin is approaching the price of 10.000$ per one BTC, while Ethereum has passed the value of 800$ per one unit.
XRP has dropped for a couple percents against the dollar while we can still see it dropping in oppose to Bitcoin, which means that Bitcoin is doing better than XRP at the moment.
However, Ripple showed a pretty flattering rate of volatility when it managed to rise back up again against the dollar only a couple of hours after dropping.
With the latest change in the market, Ripple can be traded at the price of 0.88$ per one unit, which is still far from its record price of around 3$ that was set back at the beginning of 2018, in January.
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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 Kmeron via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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