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Stellar Lumens (XLM) listing by Coinbase is insignificant to Ripple’s success - Global Coin Report
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Stellar Lumens (XLM) listing by Coinbase is insignificant to Ripple’s success

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Stellar Ripple
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Last Friday, a big announcement was made by Coinbase and it has caused a division among investors in the crypto sphere.

As per the press release which was released on Friday on the official Coinbase blog, it was announced that that the company wants to explore new cryptos such as Cardano (ADA), Stellar Lumens (XLM), Basic Attention Token (BAT), Zcash (ZEC), and Ox (ZRX) – with Ripple (XRP) excluded.

According to the press release on Coinbase blog:

Today we are announcing that we’re exploring the addition of the following asset to Coinbase: Cardano (ADA), Stellar Lumens (XLM), Basic Attention Token (BAT), Zcash (ZEC), and Ox (ZRX),” 

Coinbase’s decision to list these cryptos caused an increase in their value including Stellar – which posted a gain of 22% ever since the declaration was published on the Coinbase blog. As a result of this, the investors of Ripple (XRP) are curious about the decision of the exchange.

I just don’t get it. Like at all. They’ll list ICOs despite the uncertainty there, but not XRP? This is maddening.” This was the comment of a Ripple investor.

Coinbase listings won’t deter the success of Ripple (XRP)

It is important to know that at the end of 2017, there was a partnership possibility between Coinbase and Ripple (XRP). Taking a look at that time, Brian Armstrong the CEO of Coinbase said the exchange has the intentions of expanding by adding more altcoins. At the time of this statement, Ripple (XRP) saw a big bull run in which its value increased from $0.20 to $1.00 and has a huge market cap only behind Bitcoin and Ethereum. Many investors moved to XRP, but there was a dip in price later on.

Moving forward, Coinbase is insignificant to Ripple’s success – taking a look at the latest activities of Stellar Lumens – its partnership with Tempo among others, there is a big jibe thrown at Ripple by Stellar.

Ripple is a futuristic company and Stellar’s strides are not a threat to Ripple (XRP) at all – there may be a possible competition between these two cryptos, but that doesn’t deter Ripple from achieving great things on its own.

Taking a look at Coinbase being insignificant to Ripple’s feat, Coinbase listed just 4 cryptos at the time of the bull run last year – Bitcoin, Ethereum, Litecoin, and Bitcoin Cash; XRP wasn’t included. It is important to know that globally, there are other countries that do not make use of Coinbase to trade cryptos.

Taking a look at January 1st, 2017 to December 31st, 2017:

  • Bitcoin increased from $972.95 to $13,791, +1,317.5% increase.
  • Ethereum increased from $8.24 to $747.52, +8,971.8% increase.
  • Litecoin increased from $4.51 to $225.29, +4,895.3% increase.
  • XRP increased from $0.006 to $2.26, +37,566.6% increase.

Taking a look at the above analysis, XRP was the highest gaining cryptocurrency during the Bull Run – despite it wasn’t even listed on Coinbase. This implies that Coinbase isn’t the only widely-used exchange that cryptos can be traded on. For example, there is Binance to trade XRPs; with it, you can trade different cryptos there.

Ripple (XRP) doesn’t need Coinbase listing to succeed – let’s remember that!

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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