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Can Ripple (XRP) now hit the $7 valuation before the year ends?

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Ripple (XRP) is one of the leading top five cryptocurrencies in the market with impressive market capitalizations. For a while now, Ripple’s prices have been trading below even half-dollar mark which is far from its all-time high valuation of 3 US dollars for one single XRP digital coin.

In the recent past, the markets have witnessed the growth of Ripple to become one of the top blockchain technologies in the market to be massively adopted. Thanks to Ripple’s appeal towards many industry players, many companies and firms are showing readiness to incorporate and partner with Ripple (XRP) with some exciting deals closing already.

Many financial companies and institutions around the globe have adopted Ripple’s xCurrent technology for their operations due to the main reason for its operational ability and effectiveness in simplifying operations.

The recent release of the Codius smart contract platform by Stefan Thomas took a lot of crypto enthusiast by surprise, exciting many of Ripple community members. Stefan Thomas, Ripple’s former CTO, now runs Coil.

The release of the Codius smart contract signals the extension of the Ripple family with its main goal is to introduce the interoperability of various blockchain technologies with one another devising new ways to earn money from the internet. Hence the good reason why I believe Ripple might still stand a chance to ‘at least’ hit the $7 mark before this year ends.

The Impact of JP Morgan Ripple Partnership

JP Morgan is considered as one of the largest investment banks in the world. The collaboration between Ripple and JP Morgan might have significant effects on the price value of XRP, as some of Ripple’s products such as the xRapid continues to gain popularity with major banks.

On a recent communication by JP Morgan’s, the investment bank is working tirelessly to come up with a real-time payment platform that will incorporate Ripple benefits to their customers and clients. The announcement comes at a very good time igniting hope for Ripple and XRP investors. However, the controversial issue is whether JP Morgan will be partnering with Ripple Inc. or XRP considering their different management nature.

Does Ripple Stand a Chance to Reach $7?

For XRP holders and investors who are interested in the future value of the digital token, learning about its prospects is valuable considering the numerous rumors going around.

First of all, it is prudent to know that Ripple has three different platforms. Ripple as a platform is designed to aid in money transfer quickly and economically. Of the three platforms under Ripple, it is only one platform, xRapid, that requires the XRP coin to work.

Normally, Ripple emphases on promoting the other two platforms, xVia, and xCurrent, that do not require the indulgence of XRP. Xcurrent is extremely useful in financial institutions and banks while xRapid is used for allowing near-instant money transfer irrespective of the amount, globally.

By adopting xCurrent, Santander, one of the largest banks in Spain, is going to allow its clients to transfer money fast and in a secure way without using XRP. This incorporation along with other comparable partnerships is what is rumored to push the price levels of Ripple (XRP) to high levels of at least $7 this year.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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