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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

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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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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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