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Ripple (XRP) – A must-have coin or the complete opposite?

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Ripple XRP
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Without any doubt Ripple (XRP) is a virtual coin with one of the most solid behaviors in the market, being currently ranked as the number 3 in the cryptocurrency listings, but is it really worthy of that much attention? This is for sure a question we should all ask ourselves once we decide to invest in a token. Beyond positive sentiments, there are regularly specific facts that may help us choose the right cryptocurrency to put our bets on.

In this matter, the token of Ripple has always triggered a considerable controversy regarding if whether or not should the coin be considered a good option to take.

A large part of the community believes there certainly are reasons to believe so, but on the other hand, we have as well experts making negative comments about the coin. So what should we believe in? Here I present the main pros of and cons of acquiring Ripple (XRP).

Pros of the token

  • Position in the marketplace

At the moment of writing, the current position of Ripple (XRP) in the market is the number 3, with a total market cap of $24,092,424,875 and a volume in the last 24 hours of $428,931,000.

Similarly, despite the bearish behavior of the coins in the previous week the coin has started to take off again, even managing to increase 1.44 percent in the last 24 hours.

Even when the position of a coin is not a sine qua non-indicator that the token is actually valuable, Ripple (XRP) has proven with the time that is determined to get to the top of the lists.

The crypto is currently the number 3, right after Ethereum (ETH) and Bitcoin (BTC), but not so long ago it was the number 6 on the rankings, which proves how well the coin is conducting through the list.

  • Partnerships and adoption strategies

One of the most applauded strategies of Ripple is its partnering activities. At the moment the company has managed to engage with at least a 100 bank entities around the globe, offering its platform as a solution for decreasing costs and reducing the time it takes to deploy an operation.

Ripple (XRP) is the first crypto to accomplish a relation with several banks at the same time, and even when the affiliation is not through the XRP token, just the mere interaction with a solution created and implemented by the creators of the coin gives the crypto an actual chance of a massive adoption in the short term, and of course a boost in their prices.

  • Stability of the platform

Ripple possesses one of the most stable platforms of the cryptosphere; it has proven to be a network free of cataclysms and is integrated with innovative techs that make operations much easier and practical.

Also, the token has a very affordable (I’d rather say low enough to buy in bulk) price maintaining a value under the dollar, a fact that gives the opportunity to both users and companies of acquiring the token at a very fair price rate.

Cons of the token

  • Remarkable adoption of xCurrent

As I noted before, Ripple has managed to make several partnerships around the world, even accomplishing 100 successful alliances with different bank entities. However, these alliances have not been realized through the product containing the XRP token, or xRapid; instead, they have actually consolidated almost all of their partnerships by using xCurrent.

Although it is highly expected somehow the company manages to redirect these alliances through xRapid, there’s no any warranty that this is going to happen.

  • Possible regulations

It has become a popular rumor among the community that the Securities and Exchange Commission (SEC) of the United States has its sights on Ripple (XRP), and actually might declare the coin as a security, the fact on which is attributed the latest decreasing interest for investors in the coin.

  • Control of the company over the token

Ripple Labs has outstanding (or I’d better say annoying) control over the XRP token; in fact, the company owns around a 60% of the total XRP coins in the market which, of course, gives it great power over the currency and its behavior.

Conclusion

There are both good and bad indicators on the token, but if we take a close look at the negative comments, they somehow tend to imply the XRP might not continue its growth in the marketplace.

However, the current position of the coin is remarkable, and even when other coins may surpass it in the future, still investing in Ripple’s XRP looks definitely like a good option to take. Again, the crypto stands at number three position among the long list of more than 1600 cryptocurrencies at the moment; there must be some good reasons behind that, right?

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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

Altcoins

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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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