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Ripple (XRP) Still has Time for a Comeback

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Ripple

So far, 2018 has been a very bad year for Ripple (XRP). The crypto’s rise at the end of 2017 has been extremely promising, but in the following months, the coin continued to go further and further down. However, there is still time for Ripple to make a comeback and make significant gains.

Large hopes for Ripple (XRP)

Everything seemed to be fine with Ripple back in December 2017. Just like other cryptos, XRP skyrocketed and became one of the most popular coins on the market. In fact, it even managed to pass Ethereum (ETH), and many believed that it will become Bitcoin’s (BTC) direct competitor.

Many believed that Ripple is to become the top currency in no time. Some even claimed that it is still way too early for fully-decentralized currencies to dominate the market and that Ripple is the way to go. Its nature and the situation have made it extremely popular, not only with crypto investors but also with financial institutions and some of the largest banks around the world.

Ripple has been making partnerships all over the place, and almost every week has seen some sort of positive development. Names like Western Union, Santander, MoneyGram, Bank of America, and alike all hurried to partner up with this coin. The price of the crypto was expected to continue to rise, and nobody hesitated to jump on the XRP train, while it was still early.

Some predictions even stated that it is only a matter of time when Ripple will jump from 20 cents per coin to the price of Bitcoin. Such an increase, while astronomical, was always a possibility when it comes to the crypto world. Unfortunately, it never came to be, and it was all downhill from there for XRP.

And then everything changed

Soon enough, Ripple went down, and a lot. After it reached a price of $3.40 per unit, it quickly fell to $0.18 as soon as the crypto prices dropped at the beginning of the year. However, a lot of investors still believe that Ripple can, and will, make a large comeback by the end of the year.

Despite the low price, XRP still stands as one of the cryptos with the highest number of token holders. Basically, this means that people have not given up on Ripple yet, and many are waiting for the market to turn. Once it happens, some believe that Ripple will beat its former top price, and maybe even go as high as $10 per coin. This is, of course, significantly lower than the predictions that Ripple’s price will reach Bitcoins. However, even so, it would still be better than for Ripple to stay at its current price of $0.435990.

Fortunately for all these investors, Ripple seems to be doing well lately, and its charts are indicating that the crypto might finally be on a stable and serious rise again. This goes for the US dollar, as well as Bitcoin (BTC). The charts are actually relatively similar, and if Ripple continues on the current path, the coin might even be restored to its former glory before the year ends.

Despite the controversy and lawsuits that claim that Ripple is a security, which is something that its team continues to deny, the coin still holds the third place as per CoinMarketCap. Various partnerships and several products that Ripple has released continue to guarantee that the crypto is, in fact, needed on a large scale. The coin’s work on enabling better cross-border transactions is one of the strongest reasons for many to believe that Ripple will stick around and that its price will eventually make a comeback.

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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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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

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 houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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