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

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Ripple XRP
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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

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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