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Ripple (XRP) Makes Three New Wins – So Much for Controversy

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4 months ago

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Despite the recent controversy, numerous lawsuits, and a still ongoing question what Ripple (XRP) really is by nature, this coin continues to make new victories. The latest ones include XRP being listed in three brand new crypto exchanges, which are marking a whole new era for XRP.

Coinbase still ignores XRP

Ripple (XRP) seems to be on a roll lately, even with all the talks about its true nature that have had many people doubting it lately. If you are an XRP holder, you will be happy to know that this crypto has just managed to ensure three more listings, in some pretty reputable exchanges.

Of course, none of them is Coinbase, which is Ripple’s ultimate goal. However, there is still time for that to happen, and the more exchanges this crypto conquers in the process, the larger the chance that Coinbase will finally start seeing it as worthy.

After all, new exchanges mean new trading pairs, more exposure, and a larger liquidity for the coin. Eventually, Ripple hopes to dominate the market, and getting on Coinbase is what this crypto has set as its ultimate goal.

Three exchanges go for Ripple

As mentioned, Ripple has managed to charm three new exchanges: DX.Exchange in the EU, Australian The Cryptocurrency Exchange, as well as India’s Unodax.

DX.Exchange has released its announcement that it would list XRP and considering that it is one of the few exchanges that were regulated by the EU, this brings quite a large level of legitimacy to Ripple. The exchange is still relatively new and is currently being tested. However, its official launching date is July 25, which is only two weeks away. As soon as the exchange goes live, so will Ripple trading pairs, which gives this crypto something important to expect in the near future.

Next, we have The Cryptocurrency Exchange. Despite the general name, this exchange is a big thing in Australia, and Ripple getting on its list will certainly improve this coin’s influence on the entire southern continent. This time, there is no waiting involved, and Ripple is already live on its list.

The third and final exchange that has decided to add Ripple, at least for now, is India-based Unodax. Not only did they add XRP to their list, but they even made it their base coin, together with Bitcoin (BTC) and Ethereum (ETH). This will allow Ripple to be traded in up to 17 crypto-crypto trading pairs.

Of course, considering that this is India’s exchange, Ripple’s future operations will need to find a way to comply with RBI’s recently released regulations. The regulations are pretty strict, and the crypto industry in this country has suffered greatly from that fact. However, as long as Ripple is willing to be traded on a crypto-crypto basis, the coin should not have a lot of problems.

Even with these successes, Ripple’s price is still not expected to react in any big way. In order for an exchange listing to seriously influence Ripple, the coin would have to get into Coinbase, as mentioned earlier. Still, getting listed in three exchanges with solid reputations is certainly not going to damage Ripple in any way, so we still consider this to be a large win for the coin.

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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.

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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

Published

15 hours ago

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November 20, 2018

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

Published

15 hours ago

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November 20, 2018

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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Altcoins

How and when Electroneum (ETN) mass adoption will catch fire

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18 hours ago

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November 20, 2018

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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