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Why Ripple (XRP) can jump 100x in value and become the world currency

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When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play over the progression of the next decade. In 2017, when Ripple was a relatively new and emerging (it still is) virtual currency, it managed to grow its value by more than 100x in under one year.

Early 2017, the value of Ripple (XRP) was 0.0064 US dollars per token, while at the end of the same year, Ripple (XRP) was fetching prices around 0.8 US dollars. At the time, many analysts predicted all sought of predictions arguing the price of Ripple might rise to the heights of 9 US dollars in 2018; there is still time for Ripple to clock this target, we should not rule it out as yet.

Most of cryptocurrency experts and analysts believe that Ripple has what it takes not only to reach similar peaks but to also grow further in creating new highs as well. Many still agree that Ripple (XRP) is still an excellent coin to invest.

At the time of writing, Ripple, the third largest virtual currency by market value after Bitcoin and Ethereum, has been growing sturdily in last seven days, poking at 0.48 Us dollar per token. Ripple (XRP) looks like it has broken away from its association with BTC as Bitcoin remains above the 6,600 US dollar rangebound handle.

XRP/BTC is recording a 9.5 percent daily increase and a 3.5 percent increment since the start of Tuesday trading recording gains of over 5 percent. However, from a technical point of view, XRP value has reached a critical resistance, where the likelihood of the emergence of short-term sellers are likely to occur, opening the door to another wave of selling orders. In turn, the upward rise in price might suffer and fail to gather pace from here.

From the long-term viewpoint, the ultimate resistance might come at the 0.560 US dollar mark, which accounts for a 78.6 percent Fibo retracement. The markets need to clear Ripple (XRP) before starting the celebrations for a continuous recovery towards 0.6 US dollars and 0.647 Us dollars, which is believed to be the next Fibo level.

From a short-term viewpoint, considering Ripple is continuously adding new financial institutions as clients and partnering with major institutions, XRP/USD is strongly overbought, meaning there is a high chance of the downside rectification with the final near-term support created by 0.5 US dollars and 0.490 US dollars.

Can Ripple (XRP) become the World Currency?

Ripple continues to prove itself as a virtual currency and a blockchain technology that is worth watching and investing in by facilitating near-instant cross-border transactions across the globe.

Although still near and untested by many in the financial industry on a global level, Ripple has managed to partner with more than 45 central banks in the world allowing them to use their platform in settling debts and making settlements with each other pointing to the fact that Ripple has the potential and might one day become a world currency.

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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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