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Can the XRP Price Drop to Zero?

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XRP price
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The XRP price is seriously undervalued right now. With the current market turmoil brought about by a massive dump of Bitcoin (BTC) and all other digital assets in the crypto markets, our favorite remittance coin is now valued at $0.28 and looks headed to levels below 25 cents. For those who are savvy investors, this is a prime time to pick up some extra XRP. As the saying goes, buy when there are fear and capitulation.

So How Will XRP Price Drop to Zero?

From a financial analysis point of view, the digital asset has dropped by over 90% from its highs back in January. Doing the math, XRP has fallen from its peak levels of $3.82 to $0.28 in the last nine months.

The number of HODLers has surely reduced as their favorite digital asset has dropped by 93% in the same time period. This could be an indicator of a domino effect that could result in the total capitulation of all XRP positions as predicted by John Bollinger a few weeks back. The 25 cent support level could be what is standing between XRP and lower levels below 10 cents.

Secondlythe controversial report by the Satis Group stating that the XRP price will drop to $0.004 in the next ten years, has left many crypto enthusiasts thinking twice about investing in XRP.

The same report states that XRP is a digital asset that has been marketed in all the wrong ways and thus will lead to a natural decline in the markets. The report also states that the centralized nature of XRP could be a cause for the digital asset to drop in value.

Thirdly, despite proof positive evidence that XRP can be classified as being decentralized, the FUD still lingers that it is a security. The XRP community has even highlighted that the comments by SEC Director Hinman with respect to Ethereum included a disclaimer at the bottom which states that:

“The United States Securities and Exchange Commission (SEC), as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author and do not necessarily reflect the views of the Commission or of the author’s colleagues on the staff of the Commission.”

With this disclaimer, the SEC as an organization has clearly distanced itself from Director Hinman’s comments concerning Ethereum not being a security. The fact remains that the SEC is yet to regulate any digital asset. Therefore, the FUD around XRP is null and void, but the damage has already been done.

Fourthly, as the Ripple company continues to warm up to banks and financial institutions, XRP might be left out of the equation as banks are more inclined to use xCurrent. One can argue that xRapid will catapult XRP to the stratosphere once 100% functional, but this is yet to become a reality. Between now and then, XRP could be headed for more decline in the crypto markets.

In conclusion, the last 24 hours in the crypto markets have been rough and particularly for our favorite remittance coin of XRP. As it continues to drop, the tough question as to whether it will go any lower comes to mind. Stating it will fall to zero is not accurate, but a 97% decline in 9 months is mathematical evidence that it could become a reality.

Polite Note: This piece was not meant to offend any XRP HODLer. It should be taken in the context of a discussion, not facts.

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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

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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