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Ripple (XRP) is bound to succeed and never plummet, here is why

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Ripple XRP
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Today, before I start talking about Ripple (XRP), I need to set the ground. So, please excuse me for not talking about the coin straight away and keep reading, as setting the base is essential here. So, in the financial world, two of the most important terms to comprehend are without a doubt, inflation and deflation, concepts that play a vital role in the way specific currency acts and reflects on the users.

To understand both, Investopedia defines inflation as a process that occurs “when the price of goods and services rise, while deflation occurs when those prices decrease.” But what does this concept represent regarding benefits or detriment for those who keep the currency at issue? Well, it appears both inflation and deflation have an incredible repercussion in this matter.

For starters, one needs to keep into account that inflation is a process that even when it may spontaneously appear on an economy, most of the times it is also created, or at least, stimulated by certain governments with the intention of obtaining a more significant benefit. I know, right? It does come across as a tough thing to assimilate, but the truth is that on an inflationary process people tend to sell and buy more goods and services, and this is actually not rocket science, in fact, due to money tends to lose its value, people refuse to hoard it and decide to use it instead.

With this said, the main benefit people can obtain from an inflationary process created by the government is the warranty that money will not be accumulated and kept by just a few, which in case of happening would create a concentration of power that only can be interpreted as a pyramid scheme, one of the labels with which the crypto environment is related the most with.

In this sense, it results clear that in order for certain coins to perform in a way where wealthiness is equitable, it is necessary for the governance of such coins to perform a pseudo inflation that guarantees the distribution of their money in an appropriate form, and that is precisely one of the actions that we don’t get to see in the cryptosphere.

Ever since Bitcoin (BTC) appeared in the financial landscape, the distribution of their money has been unequal and dissimilar, meaning only a few manage to have incredible amounts of their cryptos and accumulate wealth.

Like this, the previously mentioned pyramid scheme results inevitable, and the only possible option for the coin is to start a decreasing path (if not already started) that will conclude with the stagnation of the token.

Contrary to this, the coin that seems to have all of this calculated is none other than Ripple (XRP). The third largest cryptocurrency of the market despite being strongly criticized for locking up more than the half of their total supply, it has been building up the foundations of an economic policy that benefits its users in the future.

So, be sure that all of the moves that Ripple (XRP) has deployed have been more than calculated, including the predilection of the token to relate with bank entities that, to say the least, looks a lot like what governments do when they artificially inflate their coins and put their fresh-created money out there in the banks.

In fact, the ability of the token to determine somehow the rate distribution of XRP is a way of the coin to emulate the inflation that governments construct whenever in need, a fact that avoid the hoarding of money and the wrong accumulation of power.

XRP is a coin that sooner or later will become the one to follow in the sector, so instead of pointing out the ‘centralization’ of the crypto, what we all should be doing is supporting the works that the token realizes for us to obtain a benefit in the long-run.

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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS
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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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