Wikicoin Alex Morris

How High Ripple (XRP) Price Can Go — XRP Price Prediction for the End of 2018

📚 Wikicoin
Despite its ebbing price, XPR is likely to appear at the forefront of financial revolution
How High Ripple (XRP) Price Can Go — XRP Price Prediction for the End of 2018
Contents

Ripple appeared on the horizon in 2012 with an intention to transform the financial system with its decentralized payment solution. Ripple’s token XRP is serving as a lingua franca of cross-border transactions, making them faster and cheaper.

Ripple

The sudden rise of Ripple provoked a stir in the payment industry, and it poses a major threat to SWIFT, a 45-year-old interbank messaging system that is responsible for almost half of international payments as of 2018.

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What is happening to XRP?

As of Oct. 11, XRP price plunged by almost 13 percent in merely one day, currently hovering above $0.40. While this drop is quite predictable due to Bitcoin’s recent nosedive (the king of crypto has recently dipped by five percent after a long period of unprecedented stability), XRP definitely had a wild ride during the last month. The currency had a massive rally on Sept. 23, reaching its recent high of $0.69.

What is happening to XRP?

Ex-Wall Streeter Mike Novogratz, when asked to share his take on recent Ripple’s surge, claims that he simply doesn’t get it.

When something jumps 3x, I don’t understand. You know, it’s a short squeeze, to a degree,” — Mike Novogratz.

In just three days, after briefly dethroning Ethereum on CoinMarketCap, XRP lost 30 percent of its price, which subsequently wiped off $9 bln of its market capitalization. XRP’s current market cap is sitting at $16.3 bln.     

Hyping up xRapid release

Ripple’s xCurrent has been already adopted by more than 120 banking institutions around the globe. Earlier this September, the US banking giant PNC also jumped on board, starting to accept cross-border transactions with xCurrent. Hence, Ripple expects that its new product, xRapid, will replicate the success of its predecessor.
 

Ripple’s product

Function

xRapid

Replaces SWIFT’s archaic messaging system

xCurrent

Uses XRP as a bridge asset for cross-border settles (works with xCurrent)

xVia

Designed for corporates and payment providers, allows to send funds to multiple networks  


xRapid would allow banks to process international payments almost instantaneously by bridging different fiat currencies with XRP. After the initial currency is converted into XRP tokens, this sum of money will be converted back into the domestic currency of those who receive the payment.

xRapid

Ripple’s Brad Garlinghouse is certain that “dozens” of banks will be already using their xRapid product by the end of 2019.  

Why didn’t xRapid trigger another bullish momentum?   

Despite xRapid officially going live on Oct. 1, XRP price still went downhill. Why did it happen? The thing is, there is still strong speculative pressure surrounding Ripple, and once more clients are on board, it is possible that xRapid will indeed create more demand for XRP and push the token’s price higher. Many big-name financial institutions are yet to adopt xRapid.

If you happen to stumble upon Adam Smith’s magnum opus “The Wealth of Nations”, you already know that the market is driven by supply and demand. However, another takeaway from the book of the legendary Scottish economist is that markets also tend to be irrational. FUD provokes momentary decisions that have an enormous impact on the fledgling cryptocurrency market.

Bill Clinton was a mistake

On July 31, Ripple officially announced that the former US President Bill Clinton would be the keynote speaker during the aforementioned Swell conference. According to Observer, Ripple shelled out almost $500,000 in order to have such a high-profile speaker.

Bill Clinton was a mistake

During his presidency, Clinton propelled the growth of the Internet in the 90s during the dot-com bubble. However, the cryptocurrency community clearly wasn’t impressed with his highly-anticipated speech. He didn’t seem to acknowledge that Ripple could become the future of the financial industry. This was definitely discouraging for investors.

$589 by the end of 2018?

How high can Ripple go? While this prediction might sound outlandish even for permabulls, one cryptic theory claims that Ripple could reach $589 as early as in 2018. The story goes back to a now-defunct Reddit account Bearableguy123 who would post a cryptic picture that allegedly indicated future developments at Ripple on his subreddit. However, many users suggest that the guy was simply an attention-seeking troll, but there are also suggestions that he indeed was a Ripple insider.

But how ridiculous is this Ripple price prediction? Let’s do the math. In order to reach this mark, XRP would need to double its value every day. There are 82 days left in 2018, which essentially means that XRP would have to gain $588.60 more by the of the year. Subsequently, its price would need to add $7.17 every single day.     

So, where will XRP settle by the end of 2018?

Now, let’s take off our tinfoil hats and forget these astronomical figures, focusing on more realistic predictions. Garlinghouse, while expanding the difference between Ripple and XRP in an interview with CNBC, claims that he wouldn’t even try to predict how high Ripple will go. Therefore, let’s hear what experts have to say.

Nigel Green, CEO of deVere Group, recently voiced his prediction about how high could Ripple get. He believes that XRP could touch $1 by the end of this year. Moreover, he also claims that Ripple could almost double its price in 2019. He also thinks that the world will shift from traditional money in the nearest future, and Ripple will spearhead this process.   

XRP is proving to be one of the most useful cryptocurrencies for businesses,” — deVere Group  CEO Nigel Green.      

Forbes has recently gathered numerous industry experts do discuss whether XRP could touch $1 by the end of this year. Some analysts claimed that they were on the same page with Green. Marouane Garcon, managing director of Amulet, is certain that $1 is even a “modest” price point. On the other hand, an eToro analyst Mati Greenspan won’t make haste with bullish predictions, claiming that it’s a “distinct possibility.”     

Can XRP price plunge to zero?

According to a bombshell report presented by Satis Group, a San Francisco-based research company, XRP’s value could dwindle to $0.004 in ten years while Bitcoin could reach $90,000. The centralized nature of Ripple will take its toll on the currency’s price, the study states.

A well-known technical trader John Bollinger also shared his bullish Ripple prediction for 2018 back in August:

While we can’t completely disregard these predictions, there are certain factors that point to the fact that Ripple is here to stay (along with its native token):

  1. Ripple is extremely fast. The Bitcoin network, which can only process seven transactions per second (TPS), pales in comparison to Ripple with its whopping 1,500 TPS. This technology could stand in the same rank with VISA.

  2. Banks are embracing it. xRapid, after the success of xCurrent, is already picking up steam with banking institutions. XRP is seen as a much safer bet than other cryptocurrencies.    

  3. Investors are yet to find out about XRP. While Bitcoin and Ethereum have been on everyone’s lips after the December’s boom, Ripple’s familiarity is rather low outside of the crypto crowd. Once more traditional institutions start adopting its cutting-edge technology, XRP will get more followers, which will subsequently make its price skyrocket.  

The bottom line

The cryptocurrency industry is still immature, and it feels like the market is at an impasse (Ripple alone is down more than 85 percent from its January’s ATH). However, Ripple, with its robust technology and a warm welcome from banking institutions, won’t perish anytime soon despite its ebbing price. The price of XRP in 2018 will largely depend on what percentage of SWIFT’s market share will be captured.

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Top 10 Major Platforms Supporting ICOs 2018

👁 ICO Watch
ICOs have doubled in six months of 2018 of what was done in 12 months in 2017. Here is a look at the companies that emerged and are succeeding
Top 10 Major Platforms Supporting ICOs 2018
Contents

 

It’s already July and it’s time to take a look back at all of the action over the first half of 2018. It has been an exciting and tumultuous time for the crypto world over the past two quarters. The market has been subject to bear domination and the market cap for the cryptosphere is down to $275 bln at the time of writing.

We have seen bans, scams, busts and successes over the past six months. A major point of growth has been the ICO market, with almost $14 bln raised in the first half of the year.

That figure is double the entire amount of all ICOs from 2017.

Last year, in 2017, 552 projects carried out an ICO and raised $8 bln. In 2018, except Telegram and EOS, 535 coin offerings took place and they collected almost $8 bln.

Quite a few of Cash-for-Crypto Lenders are dominating the chart. Let’s look at the top 10 Platforms coming out of the first half of the year, in no particular order.

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1.WePower

WePower’s main goal is to make green energy projects easily financed by allowing it to come from the community and individuals as opposed to the traditional top-down method of financing.

The financing model created by the WePower ICO incentivizes both producers and energy buyers to use the platform.

ERC20 WPR token raised $40 mln in the initial ICO on Feb. 1, 2018. There was a presale that lasted from Sept. 22, 2017 to Feb. 1, 2018. So the company had a lot of time to raise the funding.

2.Solve.Care

Is taking on the healthcare/benefits industry by decentralizing the system and giving the power back to the user. Authority is delegated to the patient with the hopes of enabling better access to care, streamlined physician tasks, and timely and accurate payments by the healthcare administrator. The platform consists of four different components that make Solve.Care function: Care.Wallet, Care.Card, Care.Coin, and Care.Protocol. All of these components are designed to offer an innovative approach to administer benefits and keep patients, doctors and hospitals in sync and out of the hands of centralized record keeper. Solve.care raised $20 mln on May 1, 2018, and the platform is open for registrations.

3.Play2Live

Closing its alpha tests as this is written, Play2Live will unveil its beta platform in Aug. The Play2Live ecosystem has been designed to give everyone who is involved in eSports and gaming a better experience than that which they have right now. Users get a range of streaming options with the option of having no advertising on them. Users will be able to interact and can also choose to earn tokens in a number of different ways. These are just some of the benefits the platform will bring. Its hard cap for the ICO was $30 mln but the amount of funds raised has not been verified.

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4.AppCoins

AppCoins is an open and distributed protocol for app stores. It proposes to move to the Blockchain three of the most critical flows of app stores: advertising, in-app purchases and developer’s approval. By redesigning the transactions inside an app store, the company creates efficiencies by disintermediation and redistributes the value released in a way that creates incentives for the AppCoins supported stores.

5.Ambrosus

Ambrosus is building a decentralized, Blockchain-powered IoT-based logistical supply chain network that will enable secure and frictionless dialogue between sensors, distributed ledgers and databases to optimize supply chain visibility and quality assurance. The network will serve industries such as agricultural, medical, commodities, and high-value products. It has a market cap of $44.6 mln. The token entered the market on Oct. 23, 2017 at $0.19 and at the time of writing is trading for $0.31. The token hit an all-time high of $1.72 in mid-January 2018.

6.Money Token

Is a cash-for-crypto company that will allow users to take out loans against their crypto collateral. This allows users to maintain their long positions without having to pay fees and taxes on crypto sales to access their cash. If they don’t want want to pay back the loan, Money Token keeps the crypto and clears the debt. If the value of the crypto collateral grows and the borrower pays it back, then they only pay want was in the contact before and they get to keep the crypto gains without any penalty. MoneyToken just ended its ICO on Jun 7 and raised $36 mln. The platform is active and ready to make loans.

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7.Cardstack

Cardstack is an open-source framework and consensus protocol that makes Blockchains usable and scalable for the mass market, creating a decentralized software ecosystem that can challenge today’s digital superpowers. The ICO raised $35 mln in a 24 hr ICO that ended June 1.

8.DCC

Decentralized Credit is another lender, but it gives power over personal credit information back to the owner. In this way, it enables the user to find the best deals on loans and it makes it faster because the user and directly grant access to potential lenders and avoid the long credit and financial background checks that traditional banks make patrons suffer though. DCC raised $49 mln in a 24-hour ICO that ended on May 29, 2018. This past half year has seen much headway for the company: First personal loan product DApp launch on DCC, DCC Explorer launch; Distributed Credit Chain open platform launch, second DApp launch; Interfaced with more than five financial institutions with services ranging from loans, data and risk control.

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9.Orbs

Raising some $118 mln, Orbs offers a platform that is built around the concept of supporting large-scale applications for consumers on the Blockchain. They partnered with major messaging app Kik, which is part of Kin coin. Orbs is about offering infrastructure as a service to its clients. The platform built its Blockchain from the ground up for the consumer applications market and tailored to its very specific set of requirements which is their basic difference between other Blockchains. Also ORBS platform will have their own infrastructure marketplace where independent software providers will be able to offer decentralized flavors(like decentralized analytics) of their software with an API compatible on the smart contract SDK layer which will allow providers to rely on the ORBS consensus layer.

10.Nexo

Another Crypto-backed loan provider, Nexo has been able to raise some $52 mln in funding in a three-week-long ICO that ended April 1. It has already loaned out more than $120 mln and has collected some $155 mln in repayments. Like many of the other crypto-for-cash lenders out there, they will require a crypto collateral. It operates under the same premise as the other lenders, to allow you to make gains on your holdings while using cash to fulfill your needs. Nexo operates under the authority of the EU Banking Supervision.  

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POLL: What's in McAfee's plate ??

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The prime time comes soon !! 
POLL: What's in McAfee's plate ??

Do you remember John McAfee's famous tweet about the bitcoin price in 2020? If not, you can still put your answers in our poll, tomorrow we will post the right answer ????

But for those who remember... We must say that the time is passing by and the bitcoin's price is still stuck under 10k. 

 

 
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Coins Guide George Shnurenko

Best Ripple Exchange

🎓 Coins Guide
By allowing high-speed transfers of value to occur across the globe, Ripple is on a mission to revolutionize the global liquidity of money.
Best Ripple Exchange
Contents

By allowing high-speed transfers of value to occur across the globe, Ripple is on a mission to revolutionize the global liquidity of money. Ripple has reduced its old system where one had to transfer money through Swift or Western Union to a thing of the past. With the growth in its popularity, Ripple has fixated entirely on joining forces with banks to present them a more lucrative and effective way of direct and immediate payment transfers globally. This further proves that investing in Ripple might be one of your smartest moves yet. Investing in Ripple involves the use of exchanges; here are some of the best Ripple exchanges.

Bitstamp

If you want a simple exchange where you can virtually and instantly change your cash into ripple or ripple to cash, then you should opt for Bitstamp. You can find their exchanges rates conveniently put on their main site, so you can choose which transactions to make. You can visit their website and do research on their costs and other fees, and compare them with other exchanges and make a well-informed decision.

Kraken

Kraken is among the world’s largest cryptocurrency exchanges. This exchange has not only been around for a long time but seems to be one of the best-run exchanges. Kraken requires its users to understand order books and order types making its use a little harder for beginners compared to other Exchanges. Comparing fees with other Exchanges, Kraken offers lower prices. This makes it a better option especially when you want to buy large quantities of XRP coins for a trade.

Bittrex

Bittrex is another world-leading coin exchange which is in the top 10. Bittrex is ideal for both large and small traders since it generally offers good volume across all its pairs. After nearly three years of using the same design, Bittrex has recently launched a new interface design. One advantage that bittrex has is a quick verification process.

Bitfinex

Bitfinex is the largest bitcoin exchange. It is also among the pioneers that supported XRP coin for its users. Bitfinex has the second highest volume in xrp hence does not experience any liquidity problems, and has a user-friendly interface. If you get bored with the Bitfinex web version, you have the option of trading on-the-go with their android and ios mobile apps. Their registration process is, however, pretty long, and before you can trade on the platform, you need to register, verify your id and authenticate yourself.

Poloinex

Poloinex was at some point the largest cryptocurrency exchange; it lost this status when it encountered difficulties scaling to support the flow of new signups hence lost many users. Despite the inconveniences, Poloinex was acquired by a circle which is partly backed by Goldman Sachs. Goldman Sachs is among the most significant investment banks in the USA.

The most appropriate path for Poloniex is that it will become a revolutionary exchange as Goldman Sachs and circle pump in money to improve the Exchange.

Binance

If you are using Binance tokens to pay exchange fees, then it is safe to say that Binance is one of the cheapest exchanges to use. Binance is also one of the best Exchanges to trade crypto on the go with mobile apps which are pretty user-friendly.

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Complete Beginner's Guide to Huobi Review 2018 - Is it Safe?

🎓 Exchanges Guide
Huobi is a relatively popular exchange with the 11th biggest trading volume on the market.
Complete Beginner's Guide to Huobi Review 2018 - Is it Safe?
Contents

What is Huobi?

Huobi is a relatively popular exchange with the 11th biggest trading volume on the market. It has managed to transform from a local Chinese exchange that appeared on a market in 2013 into a global platform after last year’s ban in China. In 2017, Huobi started operating in Hong Kong, Singapore and South Korea while being available in more than 130 counties. They are also developing the new Huobi Pro exchange where you can trade the majority of base coins as well as different altcoins that have reached the required level of liquidity (read Huobi Pro exchange review for more details). On top of that, it has recently launched a new mining pool for Bitcoin and Bitcoin Cash holders.

NB! Huobi (USA) is not available, but the company is planning to open a new US-based exchange called HBUS or Huobi (United States).

Huobi is compatible with three major base coins that can be exchanged with other cryptocurrencies. These base coins include:

  • Bitcoin (BTC);

  • Tether (USDT);

  • Ethereum (ETH).

Pay attention to the fact that you cannot use traditional fiat money such as the US dollar and pound sterling on this exchange. Moreover, you cannot purchase Bitcoin or Ethereum on this exchange, so you have to deposit to your account one of the main currencies.

Is Huobi safe? As of 2018, Huobi has never been hacked, but make sure that you enable 2FA and Huobi API.

Huobi Token
You already know that the Huobi exchange tries to be innovative and constantly expands the scope of its services. Their native token Huobi (HT) is yet another innovation which has recently a consistent growth in price. Huobi didn’t do an initial coin offering (ICO). The only way to get HT is to purchase a so-called ‘Point Card’. The amount of tokens directly depends on the number of points in your package (Huobi users get tokens for free). Your Huobi token can be used to pay for trading fees (similarly to Binance where you get 50% discount with BNB).

It is worth mentioning that Huobi uses 20% of its trading profit in to take HT out of circulation and keep it in a reserve for a back-up in case of a hacking attack when a substantial amount of funds can be stolen.
Huobi coin can be traded against all three base coins.

Huobi Review

The Huobi has a convenient web-site which is completely suitable for users without an extensive experience in trading. Moreover, those who prefer using mobile phones can use Huobi’s applications for popular mobile platforms. Here’s a hobby review that focuses on the registration process and how to use its main features.

  1. Go to the https://www.huobi.pro/ in order to open the home page of this exchange (make sure that you always check the domain before registration not to become the victim of scammers).

  2. Simply choose the ‘Sign Up’ option in the top right corner of the page in order to create a new account. Here you have to fill in some basic information. Then open a confirmation e-mail in order to copy your verification code.
    NB! Pay special attention to the ‘Nationality’, since it cannot be changed later. If there is a need to provide your ID for account verification, you won’t be able to do that.
     

    sign_up

     

  3. After creating a new account, you can see the news that they put on the top of the home page and post the next cryptocurrency that is going to be added to their platform and the time when it will be available on Huobi. This feature potentially allows you to profit off the new crypto right after it gets added. Below the section with news, you can see the listing of all the cryptocurrencies for the major markets (Huobi Tether, Huobi Bitcoin and Huobi Ethereum).
     

    home_page

     

  4. Now click on the ‘Exchange’ section. On the left side of this exchange you can see the list of all the cryptocurrencies that are offered on Huobi. There are different cryptocurrencies for different markets. The easiest way to find a desirable currency is to type its name in a search bar (you have to know its ticker symbol for that).
     

    exchange section


    Pay attention to a large candlestick chart where you can see price fluctuations. It is very convenient to choose a specific time period in order to monitor the price. For instance, if you click on ‘1min’ tab, each candlestick will equal one minute (for a wider perspective you can choose a more extensive timeframe). Advanced users can also put their own indicator on the chart which are extremely useful for determining the future price of a specific coin.
     

    candelstickindicators


    Below the candlestick chart you can see the ‘Buy/Sell’ section. If you want to simply purchase a specific amount of crypto at a market price, go to the ‘Market Order’ tab on the right. You simply have to specify the amount of that you would like to purchase to see the current price in satoshis. If you want to purchase a currency at a lower price, you can click on the ‘Limit Order’ tab and make an order that will not be filled until the currency reaches the price that was determined by you.
    buy_ sell

  5. While doing a Huobi exchange review, it’s also worth mentioning that there is also a section for margin trading which for advanced users only. In fact, you have to fund a separate margin account to get engaged in active trading.

  6. Huobi HADAX leads to a separate autonomous exchange where a lot of altcoins with a low level of liquidity can be traded.
     

    hadax

     

Huobi Fees


Huobi fees depend on the trading volume and the currency. US dollar trading has the following fee schedule:
 

below 50 Bitcoins

0.2%

over 50 Bitcoins

0.18%

over 200 Bitcoins

0.16%

over 600 Bitcoins

0.14%

over 1500 Bitcoins

0.12%

over 5000 Bitcoins

0.10%

over 10000 Bitcoins

0.08%


Yuan trading used to be free due to the no-fee policy, but after its cancelation by the Chinese Central Bank in 2017 Huobi a flat fee fixed at 0.2% for its Chinese traders. Go to Huobi Reddit for more information.


Huobi Withdrawal Limits


Like any well-known exchange, Huobi has withdrawal limits for all unverified accounts. Therefore, in order to withdraw unlimited amounts of money, you have to provide your ID scans. Huobi withdrawal limits for those users who didn’t go through the confirmation process, vary from coin to coin. For Bitcoin, the maximum withdrawal is currently set at 0,1 BTC which is about $640 as of June 30, 2018.

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Thomas Hughes

Ripple, Bitcoin, Ethereum and Litecoin Hit SIX Swiss Exchange

ETP is issued by Swiss fintech company Amun and is listed on the Six Stock Exchange, which is Switzerland’s biggest stock exchange and 4th largest in Europe.
Ripple, Bitcoin, Ethereum and Litecoin Hit SIX Swiss Exchange

HODL5 — the ticker for the first ever Exchange Traded Product (ETP) listed on a regulated stock exchange. The ETP is issued by Swiss fintech company Amun and is listed on the Six Stock Exchange, which is Switzerland’s biggest stock exchange and 4th largest in Europe.

The index is composed roughly of 48% Bitcoin, 30% Ripple (XRP), and the rest is split among Ethereum, and Litecoin. While this is hardly enough to reverse the massive crypto bear market, it is a bullish sign and a possibility that institutional money may start pouring in.

Charts at a Glance – XRP/USD

Charts at a Glance – XRP/USD

Although more resilient than its peers, Ripple’s XRP has been sliding south, losing almost 8% during the last 24 hours and more than 24% over the last 7 days, currently trading at 0.34 against the US Dollar.

The pair is capped by a long-term bearish trend line and will remain in a choppy downtrend if the line remains intact. It must be noted that the pair is now entering a zone that has been acting as both support and resistance in the past: 0.25 to 0.35 and this could lead to 2 scenarios — bounce higher or breakdown towards 0.20 and below.

The zone in discussion has acted as strong support, forming a double bottom pattern (right on 0.25) and then rejecting higher a breach of 0.35. If price hits the lower part of the zone, it will potentially form a triple bottom, which is a very bullish formation that will likely trigger a strong move up.

Support zone: 0.25

Resistance zone: middle line of the Bollinger Bands

Most likely scenario: bounce higher from 0.25 – 0.35 area

Alternate scenario: drop through 0.25 en route to 0.20

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