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

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XRP
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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.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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