Could Coinbase Send Ripple to the Moon?
HomeCryptocurrency NewsBitcoinist.com

Could Coinbase Send Ripple to the Moon?

This year is likely to be a little more stable for many cryptocurrencies which have enjoyed monumental growth during the last three months o...

Rolecoin – a Groundbreaking Blockchain-Based Platform for Skill & Career Development, Announces ICO
Dragon Inc.’s DRG Token Not for High-Rollers Only
Verifier Will Use Blockchain to Check and Confirm Any Data Without Your Involvement

This year is likely to be a little more stable for many cryptocurrencies which have enjoyed monumental growth during the last three months of 2017. Some, however, could continue upwards, boosted by partnerships, tech upgrades, and listing on more exchanges.


Ripple has already made huge moves in the past couple of weeks, pumped largely by news of greater acceptance by banks and credit card companies. At the time of writing, it has surpassed Ethereum by market capitalization and is the second largest cryptocurrency with $87 billion. XRP surged to an all-time high of $2.80 on December 30th and is still trading high at $2.25 today.

Coming to Coinbase

According to reports, Ripple could soon be joining Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on Coinbase. Acceptance and ease of access is everything in the crypto world. The easier it is to buy something, the more demand will increase, which, in turn, increases value. Coinbase makes it simple for non-technically minded people to invest in cryptocurrencies using fiat. A number of analysts have already speculated that one of the world’s largest exchanges, servicing 32 countries, will be adding Ripple shortly.

Ripple is the hot coin of the moment, and the likelihood of a Coinbase acceptance is high. Its blockchain is superior to Bitcoin’s in terms of speed and price, making it a better alternative to trade with. Transaction verification times for BTC are painfully slow, often taking several hours. In addition to that, the fees can be as high as $30 for Bitcoin. Compare that to just $0.0004 for XRP, and you have a good option for low cost, high speed crypto transfers.

Coinbase’s Chief Executive Officer has already told CNBC that more altcoins will be added in 2018. The most compelling evidence for Ripple’s arrival on the exchange is a video on Twitter from a self-proclaimed crypto insider.

Price Spike

If Bitcoin Cash was anything to go by when it was listed on Coinbase, we could see a similar price spike for Ripple. BCH jumped from around $1,900 to over $4,100 in two days, so it would not be too outrageous to say that XRP could easily reach $5.

Currently, XRP is still riding high from its surge last week. 24 hour volume is over $2 billion, and South Korean Bithumb has the lion’s share of trade with 38%.

[Full disclosure: The author of this article is a Ripple (XRP) holder.]

Will Ripple go further after being added to Coinbase? Add your thoughts to the comments below.


Images courtesy of Twitter/@Coinrypto, Pexels, and Bitcoinist archives.

The post Could Coinbase Send Ripple to the Moon? appeared first on Bitcoinist.com.



from Bitcoinist.com http://ift.tt/2lEXG2g
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Could Coinbase Send Ripple to the Moon?
Could Coinbase Send Ripple to the Moon?
http://ift.tt/2Cwq5lu
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/01/could-coinbase-send-ripple-to-moon.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/01/could-coinbase-send-ripple-to-moon.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy