FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Can the XRP Price Drop to Zero? - Global Coin Report
Connect with us

Altcoins

Can the XRP Price Drop to Zero?

Published

on

XRP price
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Top 4 Cryptocurrencies to Bet on in 2019

Published

on

top 4 cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

Continue Reading

Altcoins

2019 Will Be a Big Year for Luxcore

Published

on

Luxcore
READ LATER - DOWNLOAD THIS POST AS PDF

With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

Continue Reading

Altcoins

Can XRP Break Out of the Falling Wedge?

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

Continue Reading

Elite