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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.

Image courtesy of Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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