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Should You Invest in Ripple (XRP) or Litecoin (LTC)?

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A cryptocurrency can be defined as a virtual currency that is generally used as a medium of exchange. Cryptocurrencies are limited entries in the database which cannot be altered unless specific conditions are fulfilled. It is not issued by any central bank, or under government regulation. Cryptocurrency does not enjoy the same kind of stability when it is compared to other physical currencies. Lately, several people are using cryptocurrency for different purposes which include online shopping, financial transactions, and many others.

Although Bitcoin is the first cryptocurrency that gained immense popularity in the financial market, there are other important cryptocurrencies which are currently trending the financial markets like Litecoin, Ripple, Ethereum, Monero, KIN, Cardano, Steller, Digibyte, Verge, etc.

Litecoin vs. Ripple

Blockchain technology has been growing at greater pace since the Bitcoin was introduced in the market. Almost every day new coins are coming up. Two popular cryptocurrencies are Litecoin (LTC) and Ripple (XRP). The two coins have been quite successful over the years and are considered as among the top ten cryptocurrencies in relation to the market capitalization. In this article, you will find a brief comparison between the Litecoin and Ripple so that you can easily decide which one could be a better investment.

Litecoin (LTC), the open-source blockchain based cryptocurrency was launched in the cryptocurrency market in 2011 by its founder Charlie Lee and the rest of the development team.It uses the Scrypt algorithm. It is considered better than the more centralized Bitcoin that utilizes SHA-256 mining algorithm dominated by ASICs.  According to the Coin Market Cap, the current Market cap of the Litecoin is approximately 995,994 BTC and volume (24 h) is approximately 62,509 BTC  with the price value $141.70 (as of 27th March 2018).

Ripple (XRP) can be defined as a distributed open source payment network, which has revolutionized financial institutions and the monetary transactions through the blockchain technology. It was launched in 2012 and is functioning in beta version. In 3rd Feb 2018, a stable version of the Ripple was released and the maximum supply amount of XRP is set at 100 billion. It utilizes Ripple Protocol Consensus algorithm (RPCA), to maintain the network agreement and consensus. It allows transaction in any currency and takes only 3.6 seconds to complete the entire transactions on the Ripple network. As mentioned in the Coin Market Cap the market cap of Ripple is 2,847,518 BTC and Volume (24h) is 54, 980, BTC with price value $0.583216 (as of 27th March 2018).

What is Preferable: Ripple or Litecoin?

It is true that the world of cryptocurrency is a bit intimidating due to the complex terminologies and technical computing terms.  Nevertheless, the cryptocurrency market has been growing at an exceptional rate, providing great prospects to people. Those who have invested in cryptocurrency have benefited tremendously in many ways. It is the most trusted digital currencies in the market and it does not need any third party.

According to the recent survey Bitcoin, Litecoin and Ethereum have gained more popularity than Ripple that is currently third in the market capitalization (as of 27th March 2018). As described in Forbes magazine, that cryptocurrencies were the most popular choice to invest a large amount, as much as $10,000. As per the recent survey by Professor and Chair of the Department of  Economics at LIU Panos Mourdoukoutas shows that 9.19% of millennial (18-34) would show interest in investing $10,000 in cryptocurrencies, compared to the 4.04% of Generation Xers (35-54), and (3.08%) of Baby Boomers.

The survey puts Bitcoin ahead of all other coins followed by the Ethereum and Litecoin. But the most surprising fact is that no one chose Ripple as the most trending coin in the market. As Mourdoukoutas said, “Specifically, 76% of the millennials in the survey said that they would invest the $10,000 in Bitcoin, 12% in Ethereum, and 12% in Litecoin.”

2018 Predictions

According to the cryptocurrency market analyzers, in Q2 Litecoin is expected to grow beyond $385 in 2018. Whereas, compared to Litecoin, Ripple’s short-term profitability outlook is not that great. Nonetheless, the coin still has some possibility to grow as it enters into Q2. According to the financial experts, Ripple is expected to reach beyond $1.960 in 2018.

We will be updating our subscribers as soon as we know more. For the latest on LTC and XRP, sign up below!

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 InvestmentTotal.com via Flickr

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How Can Foreigners Get Loans in Singapore

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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…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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