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Why XRP Is A Smart Long-Term Investment - Global Coin Report
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Why XRP Is A Smart Long-Term Investment

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XRP news
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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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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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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