Why Ripple is crypto's new love/hate coin. 💙
In my humble opinion...
it's all about perspective.
Crypto: The only sector in the world where you can increase your investment portfolio returns by 20x in a calendar year and still somehow feel like you underperformed!
— Vinny Lingham (@VinnyLingham) December 31, 2017
Coin of the Day
Crypto payment, without the volatility
(CRYPTO: X8X) With banks offering historically low-interest rates and inflation, wealth degradation has become a massive issue. In order to combat this problem, X8 currency has set off on a mission: to deliver the most sophisticated, safe and stable instrument for payments. With the use of an AI, the X8C secure store of value token is tied to the top 8 global currencies as well as a physical gold reserve, creating a highly diversified and low-risk portfolio. The AI program optimizes the ratio of holdings in each currency and gold, which allows X8 currency holders a stable annual interest rate of 1-3%, protecting them from inflation. What can it be used for? Paying employees in crypto or merchants that price their products in digital currency; X8 protects all participants from the volatility of payment in cryptocurrency.
Happy 2018! While you were ringing in the new year, some pretty epic things happened in crypto.
We know, we know. Bitcoin took a bit of a plunge over the weekend. Major bummer. But on the plus side, those rumors that Bitcoin is headed for sub-$5,000 territory? Not particularly valid, according to Dennis Gartman, the founder of the Gartman Letter, who said to CNBC that the prospect was, "one of the silliest things in a long time." Speaking of CNBC, some people think that the news network has pivoted to an aggressive anti-Bitcoin/pro-Bitcoin Cash stance. As to why Bitcoin dipped, it's likely from a lack of buyers in the market, and crypto hodlers waiting until the new year to cash out their precious crypto for tax reasons. On the plus side, the first real Bitcoin lightning network payment was completed on Bitrefill, something that the crypto community has been waiting for over three years. Remember, Bitcoin's lightning network helps make BTC's transactions faster and cheaper – high transaction fees have been wearing the market down (to put it lightly).
It finally happened – South Korean crypto exchanges officially changed their companies' policies to comply with the new regulations imposed by the government. The biggest changes? No accounts for those under 19 years of age and non-Korean citizens can no longer make virtual accounts. As you probably know, crypto is a big deal in South Korea, with the term "bitcoin zombies" has been gaining popularity. The phrase refers to the tired state these young traders are always in after a late night of staying up and trading. Meanwhile, the Central Bank of England is considering issuing a "Bitcoin-style digital currency" later this year. You probably didn't know that the bank has been researching this project since 2015 (yeah, we know – pretty surprising), so keep an eye out for some kind of 'Britcoin.'
The biggest break of the new year? Ripple surpassed both Bitcoin Cash and Ethereum and now stands as the second largest cryptocurrency in market cap. Whoa.
If you owned Ripple (XRP) and checked on your portfolio late this past weekend, you probably got a happy surprise. Ripple is now the altcoin with the largest market cap, with a single XRP goes for around $2.50 as of this morning. Pretty impressive, especially considering it was the best performing cryptocurrency of the year. In 2017, XRP's price increased by 36,018%. Hot damn. Runners-up include NEM, Ardor, and Stellar. Is the run sustainable? Who knows. As you can see, Ripple had some impressive growth during the tail-end of 2017. Meanwhile, Bitcoin's market share has shrunk to an all-time low of 38%. Gulp.
Is $XRP beta on Coinbase? This video was going around, I edited it to understand better. Can someone tell me if this is real or not? I'm hearing rumors Ripple will be on coinbase this month. Let's discuss. pic.twitter.com/5Mlxh4nXVl
— The Litecoin Queen [ŁTC] (@CryptosQueen) January 1, 2018
In 2017, Bitcoin added .3% to Japan's gross domestic product. While some say that Japanese investors will return to gold after the volatility 'proves too much for them,' we're not so sure.
Even though China had a rollercoaster year with crypto in 2017, 2018 may be the year that their central bank launches a digital currency. Wait, what?
Do your homework, India. The Indian finance ministry claims Bitcoin is a Ponzi scheme, but the logic doesn't really work out. Want the long answer? Check out this helpful chart.
Coin to Watch
Spend your crypto on...
— Heidi (@blockchainchick) January 1, 2018