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Why Ripple’s XRP is getting ahead in the crypto wars

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Let’s face it. Bitcoin is having a really bad time. Ripple’s XRP has been holding grounds nicely, but yeah, it joined the red party earlier this week; still, that would be safe to say it’s stayed ahead in the crypto wars as a whole.

Last December 17th Bitcoin went through the roof surpassing the 17k mark, but then the bears came home. Ever since then, the whole market has been going down dramatically (by more than 75% in total market capitalization), and Bitcoin has led the way down.

And that was nothing. On 14th of this month, there was a bearish run that is still going on, and it’s been nothing short of apocalyptic. As we write this article, Bitcoin is trading at $4,306 (down by 4.13% in the last 24 hours).

As things stand right now, everybody is losing. But some are losing a lot, and a handful of coins are holding their ground remarkably well. The one that’s been doing best under the recent conditions is XRP.

Let’s briefly review XRP’s recent performance. Most coins have been losing value for eleven months, even before last week’s debacle. Very few currencies were trading in the green before then. One was Ripple’s XRP.

Don’t get us wrong. Even XRP is losing right now, but it’s been trading in single red numbers while every other token in the market has been in double red numbers or worse. The point is this: given the context, XRP is doing very well, much better than Bitcoin. Why?

There are several reasons.

XRP is backed up by a series of strategic partnerships secured by Ripple, the private company that still owns most of the tokens. This is possible because that same company is working hard to create a full blockchain ecosystem centered about XRP and its many different use cases.

It is important to understand clearly: XRP has a full formal organization working on it, with talented and well-prepared people who actually get paid to do that. Communities support most other projects with varying degrees of commitment and enthusiasm.

Ripple, as a project, and XRP, as a coin came to life with a distinct purpose, and they’re pursuing it. Many cryptocurrencies are created experimentally or as a hobby by talented people that are fully capable of doing so.

Making it useful and guaranteeing adoption in the real world is an entirely different game. And that’s where Ripple’s leadership makes a huge difference. It’s pragmatic, talented, it knows its stuff, and it’s working hard so that everybody’s ships in the Ripple community sail in the same direction.

This is a time in which it is essential not to confuse losses with failure. Remember, Amazon reported losses for several years in a row before it became the money-making machine that’s made Jeff Bezos one of the world’s wealthiest men. XRP is succeeding, and that’s prompted a series of passionate (if probably irrational)  attacks from other projects.

The notorious Craig Wright (who’s claimed to be none other than Satoshi Nakamoto) has been going out of his way lately to attack XRP and to tell everybody (without trying to persuade or offer any proof, very much like his claim about being Satoshi) that XRP is a security and that it’s going to go down like a lead balloon. Is this because he can’t say Bitcoin is faster or losing less value or to have any real advantage over XRP in any practical way?

A big problem for Bitcoin is anarchism. It lacks any cogent leadership which has prompted a series of forks into other projects that use basically the same technology tweaked to achieve a particular effect. The problem is, those “new” coins are replicating Bitcoin to a great extent, so they’re diluting the original token’s value. And now, there is a hashing war between Bitcoin and one of its forks (Bitcoin Cash) which is not only taking value away from BTC but also draining computation power away.

In recent times, XRP has outperformed every other product in the market, Bitcoin included. It already left Ethereum behind concerning market and stands at number two spot for some time now. BTC’s market cap is still much more significant than XRP’s but if things keep going this way, do not be surprised if XRP ends up winning the crypto wars in years to come.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

Bitcoin

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Bitcoin

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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