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Will XRP Blow Up in 2019?

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XRP
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The second largest cryptocurrency, XRP, has made quite a number of headlines over the course of 2018. While being a center of several controversies, including accusations of centralization, misuse by its parent company, Ripple Labs, and even being a scam — the coin still managed to grow and improve. Now, investors are wondering whether or not the next year will be the one when XRP is going to blow up and establish dominance.

XRP in 2018

As mentioned, XRP was often targeted over the course of this year, sometimes by crypto purists, and sometimes simply by dissatisfied traders. It has gone through several accusations, and even entire lawsuits, which focused on potential elements of centralization or misuse by its creators.

The coin is different than Bitcoin in a lot of ways, including the fact that it cannot be mined, but also the fact that its parent company holds the majority of XRP coins. However, as time went by, these accusations started to fade away, as XRP started proving itself.

Elements of centralization started disappearing, with more power being shifted to network participants. Furthermore, XRP even managed to have some of the lawsuits dismissed, further improving its own image. In addition, the coin has a reputation of being favored among banks all around the world, with over 120 of them in 40+ countries willing to partner up with it.

There are several reasons for this, including the coin’s excellent speeds, relative stability when compared to other cryptocurrencies, as well as the fact that Ripple, XRP’s creator, is itself a reputable firm. Additionally, the company is dedicated to improving cross-border transactions, which last too long by today’s standards, with procedures behind them being much more complicated than they need to be.

To solve this, Ripple managed to create several products that make use of the XRP currency, such as xRapid or xCurrent. These products are capable of reducing the time needed for making international payments to mere seconds, instead of days as it is usually required. Banks around the world were quick to recognize the potential of this technology, hence their positive attitude towards this crypto.

Meanwhile, in the crypto world, XRP managed to improve its image, and even make significant progress. For example, it overtook Ethereum’s position in mid-November and is currently the second largest coin by market cap, bested only by Bitcoin itself. With its reputation slowly building up, XRP is becoming a coin that might someday dominate as a payment method around the world.

XRP in 2019

With the entire 2018 being mostly bearish, investors are looking towards the future, hoping that the next year will be more crypto-friendly. The same is true for XRP supporters, despite the fact that the coin has experienced lesser losses than other altcoins.

Numerous experts have been quite bullish on XRP in recent months, with some of them making predictions about XRP hitting as much as $10 per coin. While this is certainly not impossible, it will require a serious bull run in order to happen.

If no significant events occur in the next several days, XRP will likely enter the next year with the price between $0.35 and $0.40. At the time of writing, the coin has a value of $0.367693 per unit, after experiencing a slight drop. Its market cap is currently at $15 billion, which makes it less than $2 billion larger than that of Ethereum.

Meanwhile, Ripple continues to enter partnerships with banks and financial institutions around the world, and the company CEO, Brad Garlinghouse, has recently announced that xRapid is already in use by some of them. He also announced that the activity of xRapid can currently be traced on 4 crypto exchanges, which are providing signals of the product’s activity.

According to many, Ripple and XRP have done a lot to set up grounds for future growth in this year, and with a bit friendlier conditions, the coin might see serious growth and development in 2019. Whatever actually happens, XRP remains a coin with a lot of potential, and it is sure to survive any unfriendly conditions due to pure usefulness and its potential to improve money transfers around the world.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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