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XRP price to hit the skies; thanks to Ripple’s momentum

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Ripple XRP
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Brad Garlingouse, Ripple’s CEO, explained how Ripple’s XRP currency is getting momentum. It seems the momentum is strong enough to take it above the USD 1 mark (maybe even $5). Ripple keeps securing essential partners in the financial world and making a difference, so it’s not to be underestimated.

Ripple keeps securing big hits in the financial world and building momentum up

The last couple of weeks have been slow for every coin in the cryptocurrency world (last 24 hours have been extremely bearish). Bitcoin alone has lost over a thousand dollars per token, so it seems an adjustment will come soon in the form of a bull run. Ripple is trading today at $0.58 (down by 10.17% in last 24 hours), and it could be the coin that leads the new recovery because this month has seen them make several successful announcements.

CNBC recently interviewed Ripple’s CEO, Brad Garlinghouse. He announced twenty new production deals with new firms, and this comes after the company achieved a record first quarter.

The newest partner is the National Bank of Kuwait. It’s one of the largest banks in the middle east, and it will be adopting Ripple’s xCurrent platform to do their international transactions. This is even more impressive since just a few days before that the Kuwait Finance House (the country’s second-biggest bank) also joined Ripple Net.

Ripple’s technology (and sometimes the coin as well) makes international business easy, reliable and quick to settle. It’s incredibly cheap as fees are fractions of a cent and every payment happens in minutes instead of days, as it happens with the SWIFT system. In short, it’s changing the game for everybody.

That’s not just my opinion but also what financial institutions such as Banco Santander and Currencies Direct think now. Chief Product Officer at London-based Currencies Direct has said: “Trial with XRP was a resounding success” as they used them to exchange currencies among several banks in Europe and North America.

It’s been an exciting month for Ripple and XRP could go through the roof

Two other Financial Tech firms also signed up with Ripple recently. InstaReM (from Singapore) and BeeTech from Latinamerica. They have adopted xCurrent and xVia to make payments across borders happen in real time. In his CNBC interview, Brad Garlinghouse said,

“There’s a very high correlation between the Ripple XRP price and the bitcoin price, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that. It’s still a nascent industry, the speculation in the market dominates the trading activity. I think it’s a matter of time until people better understand the different use cases.”

He also talked about the current Ripple situation (it’s being sued by some investors who claim it’s not a currency but a security). Ripple’s CEO stated,

“If you own XRP, you don’t own rights to the profits or any dividends to the company. XRP has real utility.”

Ripple’s XRP is now the world’s third-largest cryptocurrency, and its real-world partners and applications already have turned it into one of the most influential as well. The project’s goals are clear, and the organization is moving towards them decisively.

All in all, let it be, short-term, medium or long – Ripple’s price is bound to hit the roof. Thanks to the popularity of network, media penetration, mainstream society penetration, consecutive hits in the financial world, and investing interests worldwide. Don’t be surprised when this currency’s value explodes.

And yes, there is no need to be panic on the latest price fluctuations, Ripple is not alone, the whole crypto market has suffered (the probe of Coinbase, itBit, Kraken, and Bitstamp is more likely to be blamed). The market has lost almost 20 bln over the last 24 hours, every single crypto is in red – and the whole market will go up again, soon. Fingers crossed!

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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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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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