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5 Reasons Why XRP is Still A Better Bet Than Other Alts and even Bitcoin (BTC)

The recent announcement that Ripple has partnered with the three exchanges of Bittrex, Bitso and Coins.ph, is partly the reason XRP has recovered from one of its lowest lows this year. August 14th found XRP valued at $0.26 that even John Bollinger – inventor of Bollinger Bands – was more or less certain that XRP HODLers would soon head for the hills and flash dump their loot. Mr. Bollinger tweeted the following:

Resurgence of XRP

But XRP was not going to die without a fight. Just yesterday, August 18th, it was valued at $0.37 which is a 42.3% gain from the lows on August 14th. XRP is currently valued at $0.347 and up 10% in the last 24 hours.

So why is XRP a better bet than all Alt coins and even Bitcoin (BTC)

Firstly, all the attention is on Bitcoin (BTC); the CBOE ETF; as well as the Bakkt company by the Intercontinental Exchange. Bitcoin has stolen the show and even increased its dominance in the markets to over 50%. Everyone is eyeing for BTC to make some major moves. Once it does so, alts usually follow suit and do massive gains that are greater than those of BTC.

Therefore, XRP is sure to gain more relative to the expected BTC performance in the markets. Hypothetically buying XRP at $0.35 and having it make it to $0.90, is a gain of 164%. BTC cannot do a similar gain in value in the same time span.

Secondly, the Ripple company has already convinced the global banks that its software solutions of xRapid, xVia, xCurrent and RippleNet are far more faster and efficient than traditional SWIFT. Brad Garlinghouse was quoted back in June as stating that dozens of banks will be using their products by 2019. This means that xRapid – that uses XRP – will be one of those solutions. Demand for XRP will go up as is expected be seen with  Bittrex, Bitso and Coins.ph providing instant liquidity for XRP.

Thirdly, the XRP community is like no other. They support the coin and the Ripple company through thick and thin. The XRP community has even petitioned Binance, via Twitter, to add XRP as a base currency on the exchange. This means they are very much proactive. Which means they are buying and HODLing. XRP can only continue to increase in value with less of the digital asset in circulation.

Fourthly, rumor has it that Ripple wants to merge all three products of xVia, xRapid and xCurrent into one convenient solution for banks and remittance service providers. This means that once again, XRP will be the utility coin to facilitate transactions in all three Ripple products thus driving up demand for the digital asset.

Fifthly, the current CTO at Ripple, David Schwartz, has been put forth by many observant crypto-enthusiasts, as the perfect fit for being the real Satoshi Nakamoto. One recent tweet summarizes the facts as follows:

In conclusion, the digital asset of XRP has a lot going for it as we walk into the second half of 2018. The recent market decline by the delayed ETF, has contributed to the entire crypto-market reaching the lowest of lows this year. Some have argued that we have reached bottom; others are for the suggestion that cryptocurrencies do not need an ETF. Either way, the only way is up for XRP and the crypto-markets moving forward.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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GitHub Reportedly Acquired By Microsoft

News reaching Ethereum World News indicate that there are plans by software giant Microsoft Inc. to acquire popular software repository platform, GitHub. Rumors have been in the air for quite some time now of the intentions by Microsoft to seal the deal with respect to buying GitHub this year.

Credible sources indicate that the deal could be announced as early as today, Monday June 4th. This act by the software giant would be a move described by many, as going back to the roots of how Microsoft started in the first place. Bill Gates and Paul Allen co-founded Microsoft with the aim of developing software products for personal computers to give hobbyists an avenue for seamlessly programming their own projects. The company has since grown to feature video game consoles (Xbox), consumer electronics, personal computers and cloud services (Microsoft Azure).

The current CEO of Microsoft, Satya Nadella, has been actively involved in courting coders and initiating coding initiatives since taking the helm at the company in 2014. Last year, he was noted as saying the following during the company’s annual developers conference:

The opportunity for developers to have broad impact on all parts of society has never been greater. But with this opportunity comes enormous responsibility.

His words were meant to remind developers that there are unintended consequences of technology that can only be solved by the creators themselves. He was quick to refer to the classic novel, 1984, to further his argument with respect to responsibility in technology:

Orwell, in [the novel] 1984, described a society where technology was used to monitor and control and dictate, and Huxley [in Brave New World] talked about distracting ourselves without meaning or purpose. We don’t want that.

By acquiring GitHub, Microsoft will have access to over 27 Million software developers many of whom are not thrilled by the acquisition for it might hinder decentralization of code which is one of the chief reasons that the platform thrives.

Most, if not all, blockchain projects, use the platform to upload its code. This in turn means that any disgruntled blockchain coders might find an alternative to GitHub if the acquisition follows through.

Microsoft’s Corporate V.P of communication, Frank X. Shaw, was asked about the acquisition by TechCrunch to which he replied:

You know we don’t ever comment on this sort of rumor.

This means that we have to wait for official communications from both Microsoft and GitHub to confirm the acquisition.

[Photo source, betanews.com]