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Ripple (XRP) Price Analysis: January 22, 2018

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Ripple
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The entire cryptocurrency world is experiencing a much-anticipated market correction with prices across the cryptocurrency sphere trading down. Almost all the popular cryptocurrency daily price charts are showing price reversal patterns from all-time highs made over the last couple of months.

The cryptocurrency market is exhibiting classic signs of “follow the herd” mentality as traders that are taking profits (those at the front of the “herd”) are being followed by those traders that entered the market late, and are now having to cut their losses (those at the back of the “herd”). While all the “we told you so” media pundits that are reporting the “bursting of the bubble” are take their victory lap,  savvy investors (that don’t follow the “herd”) who have been patiently waiting for a favorable market entry point are now in a much better position to pull the trigger.

The exposure of the cryptocurrency market in the news has garnered the attention of many institutional and private investors. Many of these investors felt that they “missed the boat” on the cryptocurrency opportunity. This massive market correction may be seen as the time to enter the market and may spark another bull run on the cryptocurrencies that may again see new all-time highs.

Ripple (XRP) is in a great position to capitalize on the current market conditions. In terms of market capitalization, Ripple is now the third largest cryptocurrency with a $53.224 billion market cap.

While Bitcoin and Euthereum remain at the top of the market capitalization list, they are priced at $11662.00, and $1069.20 respectively, leaving room for a great deal of downside risk if the market continues on its slide. Ripple, on the other hand, is trading at a mere $1.37, with daily volume that typically ranks in the top five. At Ripples’ current price, there’s not near as much downside risk as Bitcoin or Ethereum.

Chart #1: Ripple Daily

From a technical analysis perspective, Ripple has just completed a head-and-shoulders price reversal pattern (as shown in Chart #1 above) for which it has retraced almost 78% of the price runup which started on December 11, 2017, to its all-time high of $3.32 on January 4, 2018. Price has bounced off of a resistance level at $.86 and has consolidated at$1.37 where it is currently trading.

We can conclude with some degree of confidence that cryptocurrencies are here to stay. That being said, with the completion of the head-and-shoulders reversal price pattern, along with the fact that Ripple doesn’t have much room for price to fall, puts it in a prime position for upside movement once the market correction cycle is completed. This puts Ripple is in a promising position to attract many of the new investors entering the market as a result of the discounted prices resulting from the market correction.

For those patient investors that have been patiently waiting for a favorable market entry point, this is it. We will be watching closely.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

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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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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