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Ripple (XRP) Still has Time for a Comeback

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Ripple
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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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Blogs

XRP Surges By 8% In A Surprise Bull Run

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The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.

While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.

The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.

Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…

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Bitcoin

If Tether crashes, will that money pour into Bitcoin?

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Tether
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For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.

Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.

While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.

At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:

  1. Are all USDT coins fully backed?
  2. If yes, then where did that much money come from?
  3. If not, what will happen when the market discovers the lie?

Tether continues to keep secrets

As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…

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Bitcoin

Is Bitcoin (BTC) Better Than USD?

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Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.

Bitcoin vs traditional money

Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.

However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.

Surprisingly enough, the report portraits Bitcoin in a very positive light.

The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…

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