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Why XRP Is A Smart Long-Term Investment

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XRP has been one of the most talked-about coins in the crypto world. Apart from Bitcoin (BTC), Ethereum (ETH), and possibly TRON (TRX), XRP news has been receiving the most attention. This goes for various media outlets, as well as for potential investors.

Now, it is true that Ripple has had its fair share of troubles and challenges, some of them going as far as to become federal lawsuits against its parent company. However, the most of Ripple-related questions are concerns about whether this coin is a good investment or not. People wish to know if the coin is trustworthy and if it has a future.

Well, we believe that it is. In fact, we think that XRP is an excellent investment, and in this text, we will provide some of the reasons why this might be the case.

XRP on its way to adoption

Ripple is one of the most well-accepted cryptocurrencies around. The platform has spent the last year and a half securing numerous partners that were drawn to it by the strength of its protocol. Additionally, Ripple can also brag with its high scalability, low costs, and very fast transaction speeds.

Numerous banks and financial institutions around the world have taken into adopting its technology, and some reports claim that Ripple’s products can save up to 70% of the transaction costs. Apart from that, it is also known that Ripple is capable of making cross-border transactions in a matter of minutes, or maybe even seconds, while the old systems often took hours, if not days.

While Ripple’s price is currently relatively low, its value is bound to go up as its adoption increases, and its other products become massively accepted as well.

Ripple’s use cases are expanding

While Ripple products are passing all kinds of tests, and are doing pretty well at the moment, chances are that its use cases will expand even further. One of its initiatives, called xPring, might be the key to this growth.

The team has been seeking more and more entrepreneurs in the recent months and providing them with funding. All of this is done in order to reach the limits of the coin’s true potential. Ripple’s potential actually has a chance of being literally limitless. The coin might reach numerous industries, like media, gaming, real estate, trade, identity, micro-payments, virtual goods, and more. If it achieves even half of what it is expected to reach, this will still mean a serious boom for the coin.

Will Ripple’s price grow?

Truth be told, Ripple’s price has been very disappointing, especially recently. The coin lost over 90% of its all-time high, all thanks to this year’s bear market. According to CoinMarketCap, its current price is only $0.336124. However, its advanced technology and ever-expanding use cases are almost a guarantee that this won’t always be the case.

At the moment, the market is not really favorable, and almost all cryptos are suffering from it. However, this will not always be true, and as soon as the situation changes, Ripple’s price will change as well. The important thing to understand about XRP is that investing in it means investing in the future. It is a long-term thing, and the results will not be seen immediately.

This is something that a lot of investors do not understand, and when they experience losses, they choose to sue Ripple for fraud, instead of educating themselves on the coin and how the market works.

While Ripple is currently not at its best, it is also holding up pretty good, considering the situation and all it had to endure. And, with its all-time high being $3.86, it is definitely possible for the coin to not only reach those heights again but to grow even further up.

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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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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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