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Three reasons why this is the time for buying dip on Ripple (XRP)

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Ripple and XRP are not your run-of-the-mill blockchain project. It’s a project that doesn’t aim to be just a cryptocurrency (the way, say, Bitcoin does). It has the particular purpose of being used to solve one single problem better than anybody else in the world: to make international payments and remittances safe, quick and cheap.

That’s a very ambitious goal and can naturally be achieved only in the long run but Ripple Labs has applied itself wholeheartedly to it, and it’s made fantastic amounts of progress.

Because partnerships build confidence and long-term viability

Ripple’s platforms (xRapid and xCurrent) are already being used by some of the world’s most important banks and financial institutions. They are finding that costs go down while reliability and speed increase in dramatic ways. Institutions save money, and their clients are happier.

In other words, Ripple is managing to persuade many of the industry’s leading players in that they have a product which is really useful and worth adopting. Just think about who is already using Ripple: The Bank of England, The Royal Bank of Scotland, MoneyGram, Santander, BBVA, American Express, SBI Holdings. It reads like the who’s who list in global finances.

These partnerships will inspire confidence in smart investors who understand the value of going for the long term. Bearish and bullish periods come and go, but a product that has a real competitive advantage by solving a significant problem better than the current options, or than the competition, will always do great.

The crypto market hasn’t realized the massive potential behind Ripple and XRP yet, so it remains unvalued. That’s one reason to buy now.

Because it might get listed by CoinBase soon

Yes, XRP experienced an epic drop earlier this year (from USD 3.80 in January to USD 0.44 at the time I write this) for sure. But it remains the third cryptocurrency in the world by market capitalization and one of the most popular trading coins in the world.

Why would Coinbase keep missing out on transaction fees and let XRP to their competitors? Let’s remember that Coinbase is about to go public so they need to do anything and everything that could enhance value for shareholders. There’s been a rumor going around that, in that spirit, the company is saving the XRP listing announcement for a moment in which it could have the maximal impact to its IPO.

Call it a rumor, a wish, speculation. The fact remains that Coinbase cannot continue to be without the world’s third most popular digital asset and stay relevant at the same time. It’s been expected for too long already (so much that it’s become a “cry wolf” thing and investors are sick and tired of hearing that rumor already) but it’s also inevitable.

Coinbase will include XRP sooner or later, and that will enhance both companies positions in their respective markets.

Because it will appreciate when the market goes bullish

When 2018 arrived, last January, the bullish run in the crypto market was just spectacular. Bitcoin went all the way up to USD 8800, and every single coin experienced a rise in price. XRP reached USD 3.80. Then, the rest of the year has happened which has been just a series of bearish trends, with periodic adjustments along the way. So while it would be fair to point out that XRP has gone down, the fact remains that this hasn’t been XRP’s problem but the general trend for each and every digital asset.

But are bearish runs such bad news? It’s buying low and selling high how you make a profit, so the current low is also the opportunity to buy undervalued cryptocurrencies ‘en masse’ and then see how they grow when the next, utterly unavoidable, bullish run comes. When it arrives, the best bets will be among the current top ten coins, and Ripple (XRP) is third.

The market is healing from a collapse, and so is XRP. But it will recover soon, and you could be there to make a killing.

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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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