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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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HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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STEEMIT Running Out Of STEAM?

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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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