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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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