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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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