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Ripple’s XRP depreciates below 35 cents, will it rise on its feet again?

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Ripple XRP

According to the recent report released by a group of financial experts on 2018 cryptocurrency market fluctuations, July was the month that witnessed the market capitalization appreciate from about 258 billion US dollars to 278 billion US dollars. An almost 8 percent growth of over 20 billion US dollars.

In July again, Bitcoin’s supremacy grew remarkably from 42 percent to 48 percent, to show the value increase in the virtual currency market cap was highly influenced by the value growth of the number one ranked cryptocurrency, Bitcoin. In July duration, Bitcoin’s market capitalization grew by over 23 billion US dollars. The total influence of altcoins on the market cap was a negative -3.7 billion US dollars.

The 4th and 8th cryptocurrencies dominance in the crypto market recorded a 74.8 percent and 82 percent dominance in the market as of 1st August 2018.

According to July’s minimum to maximum cryptocurrency market cap fluctuations of 244 billion US dollars to 303 billion US dollars, Bitcoin market cap fluctuation recorded a minimum of 106 billion US dollars to a maximum 143.6 billion US dollar market cap that contributed over 37 US dollar billion worth of market cap to the crypto market capitalization figure.

This week’s market trend has seen the latest downward trend of 253.8 billion US dollars.

Ripple (XRP) Prices Fall Below the 35 Cents Price Level

The cryptocurrency community woke up to the shocking news of the market loss of 5 billion market valuation, as major virtual currencies including Ripple and Bitcoin recorded losses in 24 hours.

Bitcoin and Ethereum’s default virtual currency, Ether, depreciated by around 0.15% only, while Ripple and Bitcoin Cash prices fell by 16.53% and 13.38% respectively within the last 24 hours. Tough blow.

It was not all sad, and gloom in the crypto market as digital assets such as NEO, Stellar, and IOTA recorded slight gains against the US dollar and Bitcoin in the past few days after demonstrating huge losses over the past two days. But now, again, the prices of Stellar, IOTA, and NEO fell by 12.74%, 18.12%, and 16.2% respectively.

Considering Ripple’s current prices, many cryptocurrency analysts and observers agree that XRP will not only be able to rise again on its feet, but it will be able to create new valuation highs as well. Investors and traders are being advised to buy Ripple (XRP) right now as experts believe that it is the right time to invest in the digital asset before its prices skyrocket.

But if you look at the numbers, it is among the biggest losers of the current crypto bear run. The question arises, will Ripple (XRP) be able to recover again?

Even though a decline in Bitcoin price affects all other altcoins and Ripple’s XRP is not able to free its hand from BTC as of now. Still, why it has dipped way below even the bitcoin if you look at the percentage, is the concern.

Ripple’s constant addition of new clients is not news for crypto enthusiasts as the blockchain technology has managed to not only add new clients in its ever-expanding portfolio, but it adds premium clients such as big banks all over the world.

Also, many financial institutions and banks all over the world are adopting the Ripple protocol in their cross-border money transfer activities.

Many experts attribute this factor to Ripple’s current undervalued nature. Arguing that as the digital currency continues to add more big names under its name, Ripple (XRP) will most likely be able to stabilize and increase its XRP prices and market cap significantly. That said, if you’re an XRP HODLer it won’t be a smooth recovery (I believe), you need a lot of patience and courage to not panic now.

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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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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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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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