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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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