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XRP News: Ripple takes over Ethereum's 2nd largest coin spot for a short span - Global Coin Report
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XRP News: Ripple takes over Ethereum’s 2nd largest coin spot for a short span

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XRP News
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XRP news puts Ripple at the center of the attention

Recent XRP news has brought every crypto investor around the world to the edge of their seat as the coin suddenly grew so much that it managed to take over Ethereum’s place as the second largest crypto.

Ripple had held the spot only briefly before Ethereum took it back. However, XRP did not surrender so quickly, and the coin actually re-took the second spot again, before being pushed back to the third place for the second time in a timeframe of seven days.

All of this was a result of a sudden surge in Ripple’s price, which has seen the coin rise for more than 100% in a matter of days. Numerous theories appeared in an attempt to explain this behavior. Many now believe that banks and other financial institutions are preparing to adopt Ripple’s technology for making faster cross-border money transactions.

In the meanwhile, Ripple’s XRP (the digital asset of Ripple company) has seemingly settled back in the third spot, although its current market cap is nearing that of Ethereum once again. At the time of writing, the total market cap of XRP stands at $21.3 billion, while Ethereum’s is only one billion larger, currently being at $22.3 billion. Of course, neither of the two is even close to Bitcoin (BTC), which remains the number one coin with a total market cap of $112.7 billion, according to CoinMarketCap.com.

2018 was a tough year for cryptocurrencies

Ethereum has had a nasty year, similarly to every other crypto, due to a constant bearish market. Even so, the coin has suffered additional damage because it was oversold. A lot of speculation claims that this has happened because of numerous altcoins that were created on its own network.

Since January, the coin’s price went down by around 84%, and its current price is only $214.76 per coin. This is a significant change when compared to its January price of $1,400 per coin. Ripple has experienced significant losses as well, dropping from $3.71 to only $0.54, Still, considering that it started at only $0.006 back in 2017, even its current price is a significant improvement.

Still, it would seem that these recent events did not completely drain all the strength out of Ripple since the coin had surged once again only hours ago. This time, the surge was sparked by Coinbase’s recent announcement that it plans to consider additional cryptos for its list of offered coins.

Can Ripple hit $1 by the end of the year?

Soon after the announcement, the different XRP news started spreading and claiming that Ripple might be among the next group of coins that Coinbase will consider. While there is no guarantee that this is true, even the possibility of it was seemingly enough to spark a new wave of excitement.

The excitement was also increased further by the recent price prediction given by deVere Group’s CEO and founder, Nigel Green. Green stated that he believes that Ripple will still reach $1 before 2018 ends, and $2 by the end of 2019.

Ripple has done significant things to secure its future as a coin that will be used for mainstream payments, and this also includes the development of its xRapid product. In fact, many are speculating that the product is nearing its completion and that it might see an official launch in the following days.

It is also worth noting that Ripple is among the oldest coins today, that was created as far back as in 2012. This alone sets it apart from most of the market, as it belongs to a much older generation of cryptocurrencies.

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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.

Photo by Ralph Blvmberg on Unsplash

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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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Ripple
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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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