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XRP spikes amid Coinbase listing surmise and xRapid launch confirmation

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While the whole market is quiet, XRP is riding the wave at the moment, again, and things are beginning to look good for Ripple. XRP was trading just above $0.20 price range earlier this month, but it hiked to nearly $0.80. Following the series of announcements surrounding the launch of xRapid confirmation, XRP surged by 7.16% in the last 24 hours.

It is also important to know that there were series of hikes which resulted in a boost on Ripple’s market cap, thus, surpassing Ethereum’s for a couple of times this month. We should recall that the price of XRP had been staggering at the beginning of September before being at a price correction of $0.57.

XRP also saw some surges in the first two weeks of this month, but it still traded at the same momentum ($0.57) till the end of last week. The cryptocurrency further dipped to $0.44 on Tuesday this week (September, 25th) and surged to $0.54 on the same day at the back of Ripple’s announcements.

xRapid, A Good News for Ripple’s XRP

The status of XRP has increased as a result of the news and hype around the launch of xRapid. It is also necessary to know that other factors have made the price of XRP surge: recent partnerships and the long-term success of Ripple.

Moreover, the actual date of the launch of xRapid hasn’t been released yet, but there is a high probability that an official date of the commencement will be revealed very soon – probably before the end of next month.

xRapid, which is one of Ripple’s product will help to boost the financial liquidity of cross-border payments. It is also expected that xRapid will help in making border payments easier, cheaper, and faster.

Nonetheless, Ripple’s head of Regulatory Relations earlier stated during an interview with CNBC that xRapid will be launched in a months’ time. Ever since his announcement was made on CNBC, it has created FOMO (Fear of Missing out) among investors in the crypto market.

Additionally, things may have turned right for Ripple after Coinbase recently proclaimed its aim to list top altcoins to its platform. We do know that Coinbase is one of the biggest crypto-exchanges in the world. Coinbase hasn’t been kind to Ripple in the past as the exchange stated that despite Ripple is one of the largest cryptocurrency in the market, it is never going to list Ripple (XRP).

Notable personalities such as Brad Armstrong have earlier stated that it is not possible to list a cryptocurrency under the radar of SEC (Security Exchange Commission). However, Coinbase potentially changing its mind to add Ripple (XRP) is big news that will improve customers’ experience. It will also allow investors from different places around the world to access Ripple and its services.

The speculation that Coinbase might turn friendly to Ripple has also made the price of XRP surge. At the time of writing, XRP has a market capitalization $22.9 billion. It is currently in the green rising more than 20% in the last three days from Thursday this week. Another thing worth noting is, Ethereum’s current market cap is $23.7 billion, so there is a high possibility that XRP will overthrow Ethereum’s position and stay there for a very long period.

That all said, the crypto market is volatile, and it is expected that we see regular dips and surges. Hence, both Ethereum and Ripple’s XRP might keep changing positions; it is likely that we could see a surprising change in the coming weeks.

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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.

Photo by Chris Barbalis on Unsplash

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

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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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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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