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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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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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Blogs

XRP Surges By 8% In A Surprise Bull Run

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XRP
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The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.

While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.

The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.

Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…

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Bitcoin

If Tether crashes, will that money pour into Bitcoin?

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For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.

Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.

While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.

At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:

  1. Are all USDT coins fully backed?
  2. If yes, then where did that much money come from?
  3. If not, what will happen when the market discovers the lie?

Tether continues to keep secrets

As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…

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Bitcoin

Is Bitcoin (BTC) Better Than USD?

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Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.

Bitcoin vs traditional money

Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.

However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.

Surprisingly enough, the report portraits Bitcoin in a very positive light.

The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…

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