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Ripple (XRP) is currently the most profitable crypto coin, eToro study

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The social trading and investing network, eToro, carried out a survey in order to understand investor engagement levels in cryptocurrencies. This survey includes findings of proportions of investors’ trades and they also endeavored to find out which was the most profitable coin over the last year.

The survey includes the data from March 2017 to February 2018. This is the period that includes Bitcoin’s boom so it’s particularly significant, besides the fact that it covers a full year.

Ripple’s XRP turned out to be the most traded coin by users of all age groups with Bitcoin (BTC) and Ethereum (ETH) close behind. This is probably due to the high price both BTC and ETH have achieved. It kind of scares investors away. Bitcoin, in particular, has lost some popularity in the 24-54 demographic.

After those three, the ranking goes like this (in descending order): Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC) and Dash (DASH). It seems that the fact that they’re forks from very popular coins keeps them in the game.

From the coins that were surveyed, Stellar (XLM) and Neo (NEO) at eight and ninth place, respectively.

Investor experience level

The survey also found that from all current investors, only seven percent are actual experts in the field, and the same amount of people, eleven percent, have some kind of intermediate experience. This means that most investors, around eighty percent, are newcomers to the crypto trading world.

Most investors work in a job that’s related to computers and IT in some way. Other minor groups are those who trade crypto full time, then salesmen, students, and people from the financial services industry.

Some minority traders are retired citizens, work in real estate or come from the arts. Other groups include tourism, architecture, healthcare, and education.

The gender disparity is huge in the trade. Only 8.5% of investors are females which leaves the market to a 91.5% male population. But the ladies prefer Ripple (XRP), to the tune of 2%. They don’t like Neo that much (below 1%) and Ethereum Classic seems to be the manly choice at around 1%.

Ripple is ahead of the pack comfortably in terms of profitability with a 2% margin and a total 8% of average profitability. Indeed, XRP had a fabulous run over the year, starting at $0.0005 at the survey’s beginning and at $1.16 when it finished (the crypto is down to $0.60 again now as I write this article, though). That’s a gargantuan 23100% growth rate.

Ethereum came second, it grew by 7353%, from $15 to $1118 in that time period, which while still impressive, it’s a far cry from XRP’s performance during the survey’s time-slot.

Litecoin was only half as profitable as Ethereum. Its growth was of 4223%. It went from $3.77 to $163.

So, to wrap things up, it was a very good year for all the main players. Even those that didn’t do so well, did great. But there’s a lesson to be learned from the survey. Bitcoin, being the coin that started it all, and the most expensive one is the cryptocurrency that usually gets all the attention from non-specialized media.

Now that it’s expected to reach ten thousand dollars per token in price soon again, it’s supposed to be all the rage, right? Wrong. Ripple, Ethereum, and Litecoin were considerably more profitable and, on top of that Ripple (XRP) remains very cheap. So it pays off to pay more attention to the numbers than to the hype.

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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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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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