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Bitcoin, Litecoin, and Ripple still deserve real fondness, here is why

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Bitcoin Litecoin Ripple

April was fantastic for cryptocurrency trading. All coins went up. Things seemed just peachy. But last week was not that good as most coins lost some value against the USD. Take Bitcoin. It’s currently at $7365 against the dollar when it was beyond $8500 just a week or so ago. It is its lowest point since last April 18th when it was close to breaking the ten thousand barrier, and the market was all about rising prices. Bitcoin’s market capitalization is now at 126 billion, and it remains the biggest slice of the pie with a thirty-nine percent dominance.

Fears about Bitcoin are just identical as with all other main crypto coins such as Litecoin (LTC) or Ripple (XRP). XRP has gone down by 0.34% over the last twenty-four hours, and 13% in the last week so it’s now at $0.60. Litecoin has found itself in a similar situation as it’s lost 0.18% in the last day, and 15.29% for the week – so it’s now at $117.9 USD.

The Consensus 2018 conference a couple of weeks ago was supposed to prompt a market comeback that has not happened yet. Even as this is happening, observers are still predicting a market rally that will see Bitcoin and other digital assets reach new historical highs.

Projections, studies, and analyses all agree on that, so investors should not be worried about the current lows, but financial markets have never been driven by rationality anyway. It seems we’ll just have to wait until the wind changes again, and we can all ride the bear back to the top.

Even in the current context, there are good reasons to stay optimistic about Litecoin, Ripple, and Bitcoin.

Bitcoin (BTC): The power of permanence

Bitcoin has the name. It was the first cryptocurrency ever and it remains the one coin that holds the greater status, value, and demand. It’s been criticized by governments and observers, it’s been at the center of most scandals in the crypto world, it’s slow, the transfer fees are too expensive and, even when you take all into account, Bitcoin is still Bitcoin. It’s been around the longest, and it’s most certainly here to stay.

Every other cryptocurrency owes its existence, at least to a point, to Bitcoin and it remains the safest option around.

Besides the fact that it can be used for payments and for storing value, BTC has shown incredible resilience, it always recovers its value back, which is why Wall Street is getting involved with it. If cryptocurrency apocalypse were to happen today, there’s a ninety percent chance that Bitcoin would stick around anyway.

So don’t bet against Bitcoin. It is going to stay around as long as there’s a crypto market. It has demand and as its network is scheduled for an upgrade. It can only become more valuable.

Litecoin (LTC): Growing quietly but steadily

Whatever else is happening with other alt-coins, LTC retains some kind of charm that is allowing it to be increasingly accepted everywhere around the planet. As Bitcoin becomes more of a means to store wealth, Litecoin is becoming a retail payment currency the world over. As more businesses accept it as a payment option and more people use it to buy goods and services, its demand and value can only increase.

Ripple’s XRP: Partnerships matter

From all three coins mentioned in this article, Ripple’s XRP is the one having the hardest time. Questions remain about Ripple Lab’s role in controlling (or not) the coin’s performance, and there’s the issue of the lawsuit (is it a security or not?) that could affect every coin in the crypto world.

But the fact remains that, even in that context, Ripple is the one cryptocurrency that has proved it has practical value in the real world as at least seventy-five banks in the world are now using it to do their international transactions. There is every chance that the financial world will radically change because of Ripple’s technology and Ripple’s coin.

Ripple’s xRapid has gained acceptance among many big players in the financial sector (Western Union is one of them). It’s shown it can make international payments quicker, cheaper and more reliable. This is making XRP entrenched in the real world. There’s demand for it and Ripple’s technology customers need it.

Last thoughts

The market is down at the moment; there’s just no doubt about that. But it will bounce back for sure and when it does these three coins will be leading the way to recovery. So don’t panic, just wait a bit.

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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 Pxhere.com

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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