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Will XRP Blow Up in 2019?

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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