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Ripple XRP is a good investment under $0.75, here’s why

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Ripple (XRP) achieved better appreciation rates than Bitcoin (BTC) last year. That’s brought regular coverage from CNBC and Forbes and other popular media.

Ripple’s ambitious (and successful) partnerships gave investors the confidence that it would go above $3. It hasn’t occurred yet, but it’s still mid of the year, and it is possible it will happen before the year ends (half of the year is enough to reach there; you can expect huge overnight losses or gains in crypto – right?).

Investors and professional traders have remained cautious about Ripple, and they’ve not jumped in. But at this point it time, it seems that Ripple’s XRP price is exactly where they wanted it to be. There’s no doubt that XRP is a good buy as things stand right now but is it that good when you take everything into account?

It’s in trouble with SEC because its status as a security remains controversial. Ripple labs believe that the lawsuit and the controversy are just tactics to keep people away from the coin and make the project look bad. 

Ripple has shown openness to regulatory initiatives, and Brad Garlinghouse (Ripple’s CEO) has tweeted more than once calling for regulation for crypto coins.

Ripple’s current situation could seem problematic. But if the SEC confirms that Ripple is not a security after all then all bets are off. It will give it the credibility it needs to soar and be accepted, and traded in every major crypto exchange in the world, including Coinbase and Gemini. 

So that could be why Coinbase has not listed it so far. But if Ripple is declared a security that would be bad news not just for XRP but for every single crypto coin available in the world today. It would undermine investors’ confidence and ruin the market. It would put the whole blockchain tech into question.

As the SEC is aware of that, they’re unlikely to pursue such a hardline approach. Also, crypto enthusiasts and lobbyist with influence upon the government will take a stand, and so will the big banks and financial institutions that have already adopted any kind of cryptocurrency to make their business easier recently. But the SEC will also need to see some kind of confidence sign from the investor community.

Big banks and financial institutions have been exerting a huge influence on the world’s governments for decades. This time it’s more democratic, it’s bigger than them, and they are afraid to let it run past them, to leave them behind.

All the fearmongering works for those institutions because it keeps the prices down so they can join in at their convenience. But once the banks get their hands on Ripple’s XRP derivatives, options, and futures you’ll see the market soar, with their (and the government’s blessing). Mark my words: in three to five years, if you buy any crypto coins, you’ll be buying them from banks.

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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.

Chart courtesy of Cai Wy via Flickr

Altcoins

Here’s Why This Coin Still Has Wings (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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6 Blockchain Predictions For 2019

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As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.

While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.

1. Search for new and better business use cases

Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.

Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.

2. Fixing blockchain industry’s image

For a lot of people, blockchain…

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TRON DEX Goes Crazy, TRX Founder Asks For More Projects

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Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.

So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.

TRON DEX sees massive growth in activity

Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.

While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.

In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…

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