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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

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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crypto credit cards
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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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