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The Cheaper Ripple (XRP) Gets The More Attractive it Becomes. Here’s Why

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Despite the fact that it seems contradictory at first, Ripple (XRP) might actually be more attractive now that its price is so low. Let’s see why this may be the case.

About XRP

Ripple is a cryptocurrency that has been relatively stable since the price drop that hit the crypto market at the beginning of the year. Where other cryptos continued to drop more and more over the time, Ripple has mostly been balancing between $0.5 and $1.00.

Currently, its price is at $0.490357, with its market cap being slightly over $19 billion. However, despite the low price, Ripple still firmly holds the third spot on CoinMarketCap’s list of cryptos and is being regularly used on daily basis. In fact, some experts believe that Ripple might be getting even more popular as the time goes by, exactly because its price is so low.

At first, this doesn’t make any sense, but in order to understand this occurrence, we will have to take another look at its nature and popularity.

Ripple inspires trust

Ripple is a crypto that is centralized, which is the first thing that makes it different from most other coins. It is owned by the Ripple company, it cannot be mined, and it is mostly focused on creating better, faster, and more convenient payment systems.

These payment systems even include cross-border payments, which are now possible within seconds, while the traditional payments would usually take entire days to be processed. Because of this, Ripple has become one of the top coins chosen by banks and other financial institutions around the globe.

The fact that it is centralized helps with its stability, and since it has an owner and a face behind it, Ripple is capable of inspiring trust. Thanks to the company that owns it, Ripple has a certain reputation, which is exactly what the banks need in order to trust it. After all, it is much easier to trust a coin when you know who is leading it, what are they planning, and how good they are at what they do.

So, obviously, Ripple has a capable team behind it, and a name that inspires trust. Thanks to its products like xRapid, that have proven to be perfectly functional, banks see potential in this coin, which makes them want to adopt it and use it as an entrance to the crypto world, but under their own conditions.

XRP is becoming more and more attractive

This makes Ripple both necessary and desirable, which is why this coin has a guaranteed bright future ahead of it. Now, considering that we know that XRP will continue to be used despite the low price, the low price comes as an excellent opportunity for investors to get their hands on as many XRP coins as they can.

The crypto market is still young and largely unstable. However, many believe that this is still a good thing since it might help with filtering the existing cryptos. Their numbers have gone into the thousands, and with that many of them, nobody knows which ones have a future and which ones do not. The bad market will get rid of the coins that do not have what it takes to survive, and after this has happened, many believe that the remaining tokens will have their prices skyrocket.

This, of course, also includes Ripple, and so getting the coins while their price is still low makes perfect sense. As long as Ripple is being adopted and trusted by the banks, the coin is not going anywhere. With that in mind, the lower prices are actually making it more and more attractive, which is why the investors are buying XRP wherever they can find it.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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