Connect with us

Altcoins

XRP spikes amid Coinbase listing surmise and xRapid launch confirmation

Published

on

XRP Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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.

Photo by Chris Barbalis on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite