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Ripple XRP is a good investment under $0.75, here's why - Global Coin Report
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Ripple XRP is a good investment under $0.75, here’s why

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Ripple XRP investment
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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

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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