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There’s Never Been A Better Time To Be A Ripple (XRP) Holder

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This could be a big week for Ripple (XRP). The third-place cryptocurrency, which currently sits at the price of $0.78 giving it a market cap of $30.46 billion. This, of course, is still far below the close to $4 a piece that XRP reached at the start of last month but the $30 billion cap break is a strong threshold to break and it’s one that’s going to (with any luck, for XRP holders) draw a substantial amount of speculative volume towards the XRP market.

That aside, however, why is this going to be a big week?

Well, a couple of fundamental elements (one more impactful than the other) have hit press and each has the potential to shore up what we see as an already solid fundamental case for a Ripple speculative position right now.

Here’s what we are looking at.

The major event took place over the last couple of days and was put on by internet giant Yahoo in the form of the Yahoo All Markets Summit (AMS). For anybody not familiar with the Yahoo AMS, it’s a major annual event held by the company designed to, as its name suggests, put the spotlight on some of the potentially game changing entities currently active in major markets globally.

XRP Daily Chart

XRP Daily Chart

Of course, this time around, the blockchain and cryptocurrency space had a substantial presence at the event but no other coin was as well represented as was XRP. Brad Garlinghouse, the company’s CEO and one of the most well-known cryptocurrency billionaires (primarily derived from his XRP holdings), was a keynote speaker for the cryptocurrency side of the event and – as might be expected – he spent pretty much the whole time talking about how Ripple has the potential to change the world.

The impact of this sort of event on global speculative participation in a currency like XRP cannot be understated.

This is a roomful of tech entrepreneurs and enthusiasts, many of whom will likely already be exposed to the cryptocurrency space but, at the same time, many of whom will be looking for a way to pick up some sort of exposure near-term.

At the Yahoo AMS, Garlinghouse essentially stood in front of this crowd and told them why Ripple should be their exposure of choice.

And that’s not all. A company called Crypto Emporium just added XRP as a payment method for its customers, with the addition representing the fourth such cryptocurrency behind bitcoin, Ethereum and Litecoin to be accepted by the entity.

Sure, this isn’t a major demand boost given the size of Crypto Emporium (for anybody not familiar with the company, it’s a seller of luxury goods that only accepts cryptocurrency) but it does serve to offer up a degree of insight into the community and support that this coin has surrounding it – the addition of Ripple was the result of a vote by supporters, with XRP beating out on Verge and others to take the listing.

So what are the key levels to keep an eye on from here on out?

First up, we are watching one dollar as a near-term threshold. A break above this level would validate previous highs (at $3.80) as an immediate upside target. Beyond that, we are looking at $10 has a solid mid-2018 valuation.

Put simply, especially at current prices, there has never been a better time to hold XRP.

We will be updating our subscribers as soon as we know more. For the latest on 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.


Image courtesy of Ripple

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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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