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Can Ripple (XRP) now hit the $7 valuation before the year ends? - Global Coin Report
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Can Ripple (XRP) now hit the $7 valuation before the year ends?

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Ripple XRP
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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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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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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