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XRP (XRP): The Big Bull Is Coming

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‘The past is the past’ is a phrase any crypto investor should embrace as we look back at the tumultuous last six months we have had in the crypto markets. We have seen Bitcoin (BTC) skyrocket to interstellar levels of $20,000 only to drop to recent lows of $5,800 that has caused heartache all over the crypto verse. With respect to our favorite coin of XRP (XRP), the road has not been easy either.

The remittance coin had also gathered interstellar speed on January when it was rumored that Coinbase was going to add the coin on its exchange. XRP managed to peak at levels of $3.82 but would be valued at $0.42 by June 29th: the lowest value all year. This is primarily due to the fact that the listing on Coinbase did not materialize. The Coinbase conversation is still around with Brad Garlinhouse believing that it is high time Coinbase listed XRP.

But things are looking up and a bull run is around the corner.

The team at the parent company of Ripple, have decided the time is now to rebrand the coin by now simply calling it XRP. This rebranding is as a result of the company facing three lawsuits of securities fraud by disgruntled traders who keep claiming that XRP is a security. However, since XRP was created in 2004 and Ripple in 2012, there is no direct link between the two apart from the fact that XRP was given to Ripple to use it as a utility coin in its Ripple network. The rebranding is sure to rejuvenate the coin in the markets as it walks off the last 6 months of continual decline.

A second reason why XRP will run with the bulls is the said 3 pending lawsuits. It is said that bad publicity is actually good in that people notice whatever is being bashed around. In this case, XRP is being criticized left, right and center. This means that the coin is now known by more people and they are watching from the sidelines to see how the lawsuits go. If they have a positive outcome (not a security), they will snatch up some XRP faster than greased lightning. If it is declared a security, they will still grab some XRP because it can now be traded in the traditional stock markets where it will have access to the trillions of dollars we are all waiting for in the crypto markets in the form of Institutional Investors.

Thirdly, the crypto markets have been described numerous times as being in their infancy. Some experts believe it will peak in 2022. Therefore, the ‘game’ is just getting started and only the early birds will be buying that Lambo in a few months or years. The early believers of new technology are first viewed as insane and later branded as prophets when things turn out being profitable in the later future.

Therefore, and in conclusion, the only direction for XRP heading forward is only up. The crypto markets seem to have bottomed out on June 29th when Bitcoin was valued at $5,800. With a new month, comes new hope. Coincidentally, the new month marks a new chapter of the year: the second half that leads to the Holiday season. We all remember how the markets reacted during Thanksgiving and into Christmas last year. History will surely repeat itself this year.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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