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Ripple XRP Mega Breakout About To Happen

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Ripple XRP mega breakout
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All social media platforms are abuzz with a possible Ripple XRP mega breakout price by the end of the year and due to xRapid. One argument is that if XRP went to $3.82 earlier on in the year based on a rumor that Coinbase will list it, then with xRapid – which is a guarantee – the value of the digital asset could see higher levels than those seen in January.

XRP has managed to maintain levels above 30 cents after it spiked in the markets on the 18th of September. During that day, the digital asset did approximately 21% in gains in a 5-hour window of time. The digital asset rose from $0.274 to $0.33 further proving to its loyal HODLers, that good times were ahead for the digital asset.

XRP Spike due to xRapid News. Source, Coinmarketcap.com

xRapid Factor

Further doing our research as to why XRP spiked in the markets, we find that on the 17th of September, one of Ripple’s top executives hinted at xRapid going live in the next month or so. This exec. was Ripple’s Head of regulatory relations for Asia-Pacific and the Middle East at Ripple, Sagar Sarabhai and he had this to say:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

xRapid is known to utilize XRP as an instant source of liquidity when funds are being sent across borders. What happens is that xRapid uses XRP as a temporary store of value of the transaction until it reaches the receiving side, where it is instantly converted to the local currency. The genius of xRapid is that it reduces the transaction speed of cross-border payments from 2 to 3 days to 2 or 3 minutes. The banks, or remittance service providers, end up saving 40% – 70% in foreign exchange costs.

When xRapid goes live in the next month or so, XRP is 90% guaranteed to break out in the markets. The reason for not giving a 100% on that guarantee, is that we are currently in a bear market, and any FUD such as the fake news about Goldman Sachs a few weeks ago, can ruin XRP’s ride to the top.

3 Major Exchanges to Facilitate xRapid

Just a few weeks ago, the Ripple company announced that it had partnered with the three exchanges of Bittrex, Bitso, and Coins.ph to further their xRapid operations. The three exchanges operate in the United States, Mexico, and the Philippines respectively and will be used by remittance service providers, to source XRP directly from the cryptocurrency markets.

This means that as remittances start being sent using xRapid, the trade volume of XRP will definitely increase in the markets and bring the much-needed attention to the digital asset. The only way is up for the digital asset henceforth.

Ripple XRP mega breakout

One prediction that has continually appeared on Twitter, is that of $589 per XRP by the end of the year. This value was predicted by a mysterious Reddit member known as Bearableguy123 back in February. All his posts on the platform have since disappeared and so has his Twitter account. But this number has stuck in the XRP community with a good percentage believing this prediction.

What do you think of the $589 price prediction by the end of the year? Is it possible for XRP? Please tell us what you think in the comment section below.

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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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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation
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As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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