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Why it still makes perfect sense to get some Ripple XRP even in the current bear market

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Ripple XRP
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Currently, it’s a bloodbath in the market as the top 20 cryptocurrencies go downhill. Bitcoin’s price is currently moving back and forth in the $7,200 to $7,500 zone. Ethereum sits at a $539 price range and Ripple XRP is currently changing hands at $0.58 according to data from CoinMarketCap.

Obviously, it’s no news that the market is bearish. In fact, the few past months have been a steady downward trend with nothing much to report on the upside. However, price movements aside, there are certain coins that have shown progress in terms of partnerships and platform development to the extent of capturing the attention of mainstream financial experts and investors.

Banks have started paying attention

If recent reports are anything to go by, major banks have started paying attention to Bitcoin. Spencer Bogart, a venture capitalist at Blockchain Capital, is quoted by CNBC as saying that

Every major bank is trying to do something in the space. Either they’re going to be offering bitcoin to their clients, they’re working on a custody platform or they’re opening up a trading desk. A deeper institutionalization of bitcoin is overall positive.

But even with high hopes about Bitcoin by mainstream financial experts, Bogart revels that he is concerned about Ethereum. He explained that there are many cryptocurrencies that are overvalued and since a good number of ICOs are built on Ethereum’s Blockchain, Ethereum can suffer if the ICOs don’t turn out to be a success.

However, among the coins that Bogart was able to recommend was Ripple XRP. Well, Ripple has been in the limelight of late with several mentions not only in the financial circles but also in mainstream media after it was used on a popular talk show to transfer funds to a wildlife fund. However, there seems to be more going on for ripple than what you will hear and see in the mainstream media outlets.

Is Ripple about to partner with Amazon?

Well, that has been the big question at the top of mind for every Ripple XRP fan. The speculative rumors about the possibility of Ripple XRP partnering with Amazon will definitely not surprise most of the Ripple community and for a good reason. Ripple has been working on partnerships with major banks such as the recent partnership that was made between Ripple and a consortium of 61 Japanese banks.

Considering Japan is one of the biggest fintech markets, there is no doubt that adoption for XRP will increase later this year when Ripple’s Money Tap app (an app meant to make it easy for banks to make round the clock domestic payments) goes live in Japan. Perhaps this will also entice Jeff Bezos to see the sense of getting some Ripple XRP going for Amazon as well. Who knows?

As it seems, however, even though there is a bloodbath in the market with the top cryptocurrencies taking on a downward trend, Ripple (XRP) still stands out from the rest. Basically, it is one of the best investment alternatives to Bitcoin in 2018. After all, what better time to buy than when there is a dip in the market?

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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