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.
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.
For the latest cryptocurrency news, join our Telegram!
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
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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…
Is Bex500 an alternative to BitMEX?
EOS now available on eToroX exchange
How Bitcoin Has Changed Online Gaming
Bitcoin2 weeks ago
The advantages of bitcoin sports betting
Featured news2 weeks ago
How Tax Agencies Are Going After Crypto Traders
Bitcoin1 week ago
The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry
Bitcoin1 week ago
Will Bakkt Push Bitcoin into the Mainstream?
Trade1 week ago
Trusted third parties should issue stablecoins, not Facebook
Trade1 week ago
Not-For-Profit GoodDollar Secures Funding For 2020 As UBI Project Celebrates First Birthday
Featured news1 week ago
Five Strategies for Lowering Your Crypto Taxes
Hot Updates1 week ago
The Best Thing to Share with Your Family on Thanksgiving