Connect with us

Blogs

XRP Is Not Dead. It is Recharging and Will Be Catapulted into the Stratosphere By SBI Holdings

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

The last few months since March this year have been trying for any XRP HODLer who probably got in due to the spectacular highs the digital assets experienced in early January. Everyone was expecting a moon landing with price predictions of $10 by mid this year and $20 by the end of the year. Yes. It is heartbreaking. But do not despair for here is a real reason that XRP is simply recharging for taking off.

To begin with, we need to observe the price history of XRP prior to the excitement of last November up until January. XRP was pretty much unknown from 2013 up until around May 2017 when it started spiking a bit in the markets. It rose from $0.03 to $0.30 in a matter of a few weeks from April to May, then once again relaxed up until November when the crypto-wide bull run was initiated. XRP is once again to its old ways of consolidating volumes to once again zoom past the charts. Judging by its past, the next increase in volume and price will probably not last long, just like the last few times it has mooned. But once done, it will settle at higher levels of perhaps closer to $1.

So how will it do this?

The SBI Holdings crypto exchange of VCTRADE will be a major factor of XRP mooning in the next few months. It will not be Coinbase to release the full potential of XRP as everyone thinks. No. It is SBI for they have even devised plans to offer XRP derivatives in the future and probably through their new venture with Charlotte (NC) based Clear Markets Firm. SBI has invested $9 Million in the firm that also has offices in New York, London and Tokyo.

Through this new venture at Clear Markets, SBI plans on building a derivatives market that will allow institutional investors to buy investment products based on XRP and other prominent digital assets. But XRP will be a breath of fresh air from all the BTC products available. The hype and excitement will cause a knee-jerk reaction to the price of XRP.

Knowing this, there is only one thing a savvy HODLer can do: come up with a grand master plan. When XRP shoots up, know when to sell and at what margin of profit. Yes. This might sound contrary to what a HODLer would do but the main point of selling high is to buy back XRP at a lower price when the excitement declines. This way, your profits are in XRP.

In conclusion, it can be said that the SBI Holdings company is the key to making XRP great in the markets once again. The name of the firm – Holdings – can be interchanged to mean HODLing, and this can be an indirect sign that this is the firm that will change it all for XRP HOLDers.

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

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite