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Ripple (XRP) tearing through the markets

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The current market analysis indicates Ripple (XRP) is having a buoyant run this week ripping through the markets yet again. The crypto coin saga seems not to be out of the woods as of yet as Ripple (XRP) is showing dominance, and signs of dethroning bitcoin with a 78% and an 8.85% increase.

Ripple (XRP) is showing muscle and accretions that it is a force to reckon with in the digital currency world, and is here to stay. With the coin endlessly partnering with other firms and announcing almost every week that it is pushing for cross-border payment, it is now safe to say that payday is finally here for Ripple (XRP).

On April 10th XRP reached a high of 0.4932, on April 15th Ripple was trading at 0.64. Today it has hit an impressive 0.9185 —indicating its value is moving towards the much celebrated $1. With experts claiming further good fortune for the investors of the digital money, and its acceptance into the more significant crypto market, XRP evaluation is forecasted to grow in tandem with the general value of Cryptocurrency.

Regardless of the good reviews XRP is getting from every crypto coin enthusiast, it is still hard to pinpoint the real factor behind the Ripple’s bullish movement in recent weeks. However, there are a couple of big factors that indicate when looked into closely that they might have a hand in contributing towards Ripple’s increase in market share.

The Apple-Ripple Partnership Factor

Although cryptocurrency is in the space of peak uncertainty, Apple is known for integrating current technologies into the mainstream and making them easy to use by offering straightforward User interface.

Apple’s decision to incorporate and partner with Ripple’s inter-ledger payment system does not correlate directly to XRP currency but sure does bring anticipation for a possible XRP integration in future. With this, the prices of Ripple will grow by leaps and bounds, and increase beyond the $1 anticipated mark, probably to $10.

Ripple-Santander OnePay FX money transfer

Although regarding this incredible partnership, critics are refuting the claims that this partnership and others were made with Ripple XRP currency in mind. Rather, the argument is that such companies as Santander only made agreements with Ripple’s payment solutions — and not the Digital coin itself. Regardless of the claims, the partnership is making the currency more attractive, stable, and accepted compared to its competitors.

Ripple’s commitment to Innovation

The Digital money is investing $25 Million in its crypto token (XRP) to innovations and brilliant ideas that will focus on developing the blockchain space.

The $25 million adds to the over $100 million fund managed by Blockchain Capital that will invest and distribute the digital money to entrepreneurial teams that are into blockchain technology and building their businesses around it. The fund will also provide an opportunity and avenue for developers to work and access the technology in real time, and build on it using the open source platforms, the XRP Ledger provide.

Conclusion

As Ripple continues to support the expansion and development of the blockchain ecosystem, it will only make the cryptocurrency to become more stable, accepted, and competitive in today’s world. And with all these incredible partnerships, adoption and other good things happening around this altcoin, it soon will be safe to say that the coin might hit $10 mark — not just the $1.

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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 Warrick Wynne via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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