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This New Kik Development Will Send Kin (KIN) Through The Roof

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Kik
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The Kin Foundation, the creator of Kik Messenger and the Kin (KIN) cryptocurrency, is enticing developers to join in their plight for KIN centered digital economies through a Kin Developer Program that has a backing of $3 Million. These funds will be set aside to support 25 developers – or teams of developers – to create and maintain independent ‘Kin Economies’ over a six month period.

The Kin Foundation is looking for consumer apps that put Kin (KIN) at the center of the user experience as well as solving real-life problems for the customers. All a developer has to do is apply through the Kin Ecosystem website. Once accepted into the program, Developers stand to get grants of up to $60,000 and 400M in KIN as well as the necessary resources required to develop an application all the way to launching it and making it successful.

So how will this send the value of KIN through the roof?

As mentioned, the grants will be in the form of Kin (KIN). This means that the developers who are chosen for the program will have KIN to finance their developer efforts. This will include financing research, marketing, P.R and creating a ‘buzz’ around their projects. As a result, there will be more publicity for KIN which is currently valued at $0.00013 at the moment of writing this. This might look like a low value, but this fact allows KIN to be suited for microtransactions.

This then brings us to the second reason how the developer program will send Kin (KIN) through the roof. With these 25 KIN based mobile apps, comes the users who will want to try them out. They will have to use KIN in the apps. Therefore, there will be an increase in the demand for KIN in the next six months as consumers anticipate these new apps. An increase in demand with a constant supply of KIN means that the price of the coin will surely go up.

One needs only look at the past performance of KIN in the markets, to see its peak value of $0.0015 back in early January when the crypto-markets were in full throttle. This new developer program and the 25 apps that will come as a result, will guarantee KIN gets back to its winning ways.

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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

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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