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Why Ripple XRP Can Reach $1 Sooner Than You Think

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Ever since Bitcoin (BTC) and Ethereum (ETH) appeared and established dominance, the majority of altcoins have struggled for bare survival. The conditions were rarely crypto-friendly, especially in the previous few years, when cryptos were still unknown and largely mistrusted.

The crypto market was in chaos, and every crypto tried its best to stay relevant. Some of them managed to do it, others did not, and have disappeared, or have sunk into the depths of the market cap lists, never to be seen (on significant positions) again. This chaotic environment was still very much present when Ripple (XRP) first appeared, and yet, this crypto managed to land the third spot on CoinMarketCap’s list and has stayed there ever since.

This is quite an achievement, especially since Ripple managed to hold this position throughout the entire over half a year-long bearish market. However, many have started to wonder if Ripple can ever reach its glory days?

Back in January, when the crypto prices were still at their highest, Ripple almost reached a $4 mark. However, soon after that, the prices dropped, and Ripple fell below $1. Even right now, the coin’s price is only at $0.439016. Still, this doesn’t mean that Ripple has given up, and the crypto continues to make progress in preparation for a new price surge.

New price increases more than possible

Only a few short weeks ago, Bitcoin (BTC) led another spike in crypto prices, going up by $2,000 in only 2 days, and climbing back to $8,200. It did not last for long, but many believe that other crypto events disrupted its price increase. Despite the fact that the bull run has ended, at least for now, many have taken the fact that it happened as an indicator that the market is finally ready for a serious period of recovery.

If true, then August might bring a new, even more-serious bull run. If that comes to pass, then Ripple will definitely be among the coins that will benefit the most from the change. As mentioned already, Ripple did not spend the previous six months sitting around doing nothing. Instead, its team has been working hard on creating new products, improving the old ones, and entering numerous partnerships with large financial institutions.

Ripple has become known as a go-to crypto for banks that wish to give cryptos a chance, but also to those that simply wish to remain relevant. The technology behind handling money is changing, and those financial institutions that have decided to accept this fact have turned to Ripple for aid. Of course, Ripple delivered, and thus ensured itself a future in the financial industry, no matter what happens with the majority of the crypto world.

With all these improvements, new partnerships, and Ripple’s former performance, the coin has very good chances to hit $1 as soon as the market allows it. All that is needed now is another positive event that will spark another bull run, and many cryptos, Ripple included, might even reach their record prices.

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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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