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Ripple (XRP) Is Taking 10 XRP Holders to an Invite-Only Snoop Dogg Performance

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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

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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