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Ripple (XRP) June loss was 35%; can it recover after new 2018 lows?

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At the moment, the value of Ripple (XRP) is on the low side, dropping to 4.51% in last seven days. In the previous 24 hours, Ripple (XRP) got stable a bit (alongside the whole crypto market) and went down by 0.59% only. Just a couple of days ago, the coin reached its new lows this month to $0.453.

So, Ripple’s price fell from 0.546 USD earlier last week, but the price is now at $0.457. The dip margin doesn’t look significant despite the crypto-market being at a turbulent state lately.

The current trend with Ripple (XRP) takes us back to last year before the price increase with all cryptocurrencies from December last year to January this year. During the price increase, XRP recorded a surge from 0.45 to 3.81 USD – the price surge in the market only lasted till January.

Cryptocurrencies had an exponential increase in price in April 2017, but XRP didn’t really have many profits. Although Ripple (XRP) had a 60% boost in April, if we are to compare with other cryptos, Ripple’s percentage boost wasn’t up to the mark as other coins had a triple value to it at that time.

If we take a look at Ripple’s trend every month, there isn’t much to be happy about; this is due to the fact that it had a 35% fall since 4th of June when XRP was valued at $0.703 per coin.

CryptoCompare MJAC Blockchain Summit

During the 2018 CryptoCompare MJAC Blockchain Summit, in London, Ripple’s Daniel Aranda talked about the company’s future, the upcoming new type of internet called IoV (Internet of Value), and Ripple’s role in this new type of internet.

Aranda disclosed how Ripple could introduce the IoV to the world:

We think that if the internet today is tethered with packets of information and data being sent around, the internet of value will have a similar kind of architecture, but what will be sent around is money”

Aranda’s comment during the blockchain summit in London means that Ripple and XRP (Ripple’s cryptocurrency) will be the ‘backbone’ of the Internet of Value.

Ripple and XRP have revolutionized the way in which cross-border financial settlements can be made; in this view, Aranda also stressed the importance of Ripple (XRP) in changing the Financial Industry today. Furthermore, he disclosed that Ripple surpasses SWIFT when it comes to its cross-border innovations. Aranda stated during the blockchain summit:

I think what you can expect from Ripple is more focus and traction around cross-border payments. If one of our early competitors is SWIFT, then what we offer has to be really good if we’re to beat them. We think out traction is playing out, and network effects are starting to build around that.”

Therefore, we can see that Ripple (XRP) is futuristic and it holds lots of plans for the future. There are more to come from the cryptocurrency which might increase its current price value in the crypto market, and help it recover quicker than many might be thinking it’s possible. We just need to wait and see Ripple XRP touching new heights soon, predicting ‘exactly’ when that’s going to happen is tough, though.

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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 Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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