Ripple (XRP) bullish trend stops but Stellar (XLM) keeps mooning

There have been significant happenings in the crypto sphere lately. The crypto market had a big bull last week which saw most of the altcoins increasing by significant percentages. Ripple (XRP) increased by 64% within a week, which saw it go above Ethereum.

The bullish trend of XRP has moved a bit downwards; nevertheless, the crypto is still trading in green as its valued got increased by 1.21% in the last 24 hours. But in the wake of this, Stellar (XLM) has increased by 21% again over the previous 24 hours.

Concerning Stellar (XLM), Stellar is a blockchain network that was created on Ripple’s protocol. Although, Stellar is a lot more different from Ripple, being that it targets developing markets in place of banking systems. Stellar makes use of a quorum which makes it distinct from other digital currencies.

Recent Happenings with Stellar (XLM)

Recently, it was revealed that the crypto startup supported by Goldman Sachs, Circle will list four more cryptocurrencies to its platform. The startup said that the listing would be based on cryptocurrencies that gained lots of profits within a year. Through a post by the SVP head, Divya Agarwalla, it was declared that Stellar, Ox, EOS, and QUTM would be listed on the platform.

It is essential to know that this declaration didn’t have that massive effect on the prices of these four cryptocurrencies – but benefiting more than the others, Stellar (XLM) has increased by more than 20% in less than 48 hours. Concerning the post by Circle’s head of SVP, this will make the count of cryptos added to Circle to be eleven.

Stellar (XLM) will now be part of Circle’s platform in the next few days; this will allow crypto enthusiasts get close to not only on Stellar (XLM) but the other cryptocurrencies.

More importantly, Agarwalla further added that the inclusion of the four cryptocurrencies was also due to “their potential to contribute powerful infrastructure to the broader crypto ecosystem.” He also added this,

As we introduce new crypto assets, we also recognize the need to educate our customers and bring clarity to this fascinating, yet complex asset class… Accompanied with our simple user experience, this easy to understand content will serve to further our mission of bringing crypto mainstream.”

On other recent happenings, a mobile branch of LG is allegedly considering to partner with cryptocurrencies such as Ripple (XRP) and Stella (XLM) to enhance its cross-border payments. It is necessary to note that this mobile service will begin next year and it will make use of cross-carrier payment system.

Stellar (XLM) Market Activity

At the time of writing, XLM stands at $0.2844. It has a market capitalization of $5,344,229,821, with a trading volume of $296,415,957. In the last 24 hours, Stellar (XLM) price increased by 21%. In 7 days, XLM increased by 38.8%, in 2 weeks, it increased by 45.7%.

The last time when XLM traded at this rate was in the first week of August. Nevertheless, the market seems to be recovering from the dips it has been experiencing for quite some time now. The total market capitalization is currently above $220 Billion as a result of the recent bull-run. Nonetheless, Stellar (XLM) holders will be hoping that their favorite reaches its all-time high of $0.875563 before the year ends.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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DGB Price Prediction For 2018 and Beyond

With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as slow a year for cryptos as it can get, experts believe that not much will change in 2019, at least for the good part of it. Of course, a lot can happen in a few months, and this may not remain true. After all, 2018 has had a lot of bad news for the crypto world, and the hope that things will change remains.

DGB Price Beyond 2018

Some more realistic DGB price predictions see the coin hitting a $1 mark this time next year. Not only that, but the experts predict that the coin will continue to gradually rise in value, without experiencing large drops. Others believe that we can expect a price of $1.44 by June 2019, which is also pretty optimistic, yet possible, if the market allows it. This would also raise DGB’s market cap to over $16 billion, and the coin would end up among the top 10.

Considering that its current rank is 33 as per CoinMarketCap, this would be quite an achievement. Still, stranger things have happened to cryptos, so we’ll leave this prediction in the “maybe” department. After all, the coin does perform better than most other altcoins, and some would even say that expecting such a price surge is quite reasonable.

As for the predictions beyond 2019, we return to some optimistic ones. However, this is so far away into the future in crypto-years, that it may actually be possible. One such prediction sees DGB hitting $20 by 2020. This would mean that the coin’s market cap would hit $220 billion, which seems almost impossible from this point in time.

However, as we said, a lot can happen in a few months, so imagine what two entire years can accomplish? For example, two years ago, you would struggle to find anyone who has even heard of cryptocurrencies, much less invested in them. Today, on the other hand, they are a well-known phenomenon that continues to conquer the financial industry.

In the end, most predictions end up being simply a wishful thinking. The fact is that nobody can predict the future, and even if they could, the high levels of volatility would have probably changed it by the time it arrived. The only thing that we can say for sure is that the coin has potential, which makes it a worthy investment. At least, in the long run. As for how high a price it will achieve, that remains to be seen.

Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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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Can Tron (TRX) follow in the Ripple (XRP) footsteps?

It’s no secret that the cryptocurrency markets have been in an overall slump, especially when you consider all of the bearish action for bitcoin, ethereum, and altcoins, in 2018, compared to the incredible bull run of 2017.

While many people believe that this is simple consolidation, others paint the narrative that many are unsure about real-world applications for blockchain technology and whether institutional money will flow into cryptocurrencies at all.

Ripple is undoubtedly changing that narrative, recently surging over 80% thanks to its developments and partnerships with financial institutions.

It even briefly took Ethereum’s spot as the number two coin by market capitalization, in a price rally that confirmed a trend reversal and stunned many investors and traders in the cryptocurrency community. The price eventually decreased as Ripple returned to the number 3 spot concerning market cap, but the price movement certainly made a statement.

There are those who have been wondering whether Tron could make a similar move eventually, considering it is a project that has decreased dramatically in market cap, and many consider the coin oversold.

The fact that Ripple made an 80% move that quickly gave hope to other altcoins, and comfort to the cryptocurrency community that may be in the red that not only was it possible to break even again, but all was not lost in the markets, and that they can begin hoping to profit, in the long term.

In a tweet, Tron founder Justin Sun spoke about how the XRP surge was great for the markets and pointed out that a major financial institution like PNC bank believes in Ripple protocol and blockchain technology in general.

For context, PNC Bank is the 9th largest bank in the world, regarding assets. He also mentioned that former president Bill Clinton would be a keynote speaker at the upcoming Swell conference, which brings together leaders of commerce, policy, and technology in an attempt to increase dialogue about how technology can better serve society.

Mr. Sun pointed out that this clearly means that blockchain is “going mainstream.”  It’s also important to point out that Sun had another reason to celebrate, as the Tron Foundation is a Ripple shareholder – although the quantity of XRP that it holds is unknown.

Sun also used to be the Greater China Chief Representative of Ripple, the fact that he stated proudly in his tweet, and went on to say that this essentially meant that traditional financial institutions would be adopting blockchain technology more.

Swell will be held in early October in San Francisco, and Clinton is also even expected to take questions from the audience, as well. Other prominent speakers include Brad Garlinghouse, the CEO of Ripple, Ed Metzger, the head of innovation at Banco Santander, and Eva Kaili, the Chair of the European Parliament’s Science and Technology Options Assessment body.

With more financial institutions adopting blockchain technology; the idea is that more institutional money will flow into the cryptocurrency markets, which will allow all sorts of cryptocurrency projects to rise in value. Time will tell whether we will see a similar surge from Tron, but it certainly seems more likely.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Why ZCash (ZEC) Is Heading to $10k

Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making Gemini more appealing.

Privacy as an Option

According to Tyler Winklevoss, CEO of Gemini, Zcash picked up on where Bitcoin left off in terms of providing the added privacy needed on the blockchain ledger. This aspect of privacy is a factor in crypto investing, was highlighted by the recently released Satis report. The report stated that in the next 5 to 10 years, crypto users will value privacy more than anything else. This will drive up the demand for privacy-centered coins such as Monero, Dash, ZCash, and Verge. When the demand increases, so shall the value of these assets.

A ten-year projection of the value of these privacy coins is provided below and from the Satis report.

10-year gains of privacy coins (Highlighted in green)

$10,000 per ZEC in 10 Years

Going by the screenshot from the Satis Report, we see that ZEC is projected to be valued at $9,573 by 2028. This is a percentage increment of 6,177% from the value of $124 when the report was done. Checking the crypto-markets during the current bear market, we find that ZEC is valued at an even a lower price than the one quoted by the report.

ZCash Still a Bargain

ZEC is currently priced at $114 and using the above two factors of the Gemini exchange and the Satis report, we can conclude that it is still a bargain in the markets. There is also the additional factor that once institutional investors continue using the Gemini exchange, ZEC will be used as a base currency for trading with other digital assets.

In conclusion, in the near future, privacy in digital assets will be one reason to keep an eye out for ZCash and the list of other private coins quoted above. ZEC has the added benefit over the rest, of being the favorite digital asset on the Gemini exchange that is duly registered in New York. This means that the Wall Street firms are allowed by law, to transact with the firm led by the Winklevoss twins.

What do you think about the future of ZCash? Will it thrive to the levels predicted in the Satis report? Please let us know in the comment section below.

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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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