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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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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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