If you are taken away only by the Gold-rush train of Bitcoin and its recent skyrocketing surge with new all-time highs every week you might be missing a lot what is happening around.
Ripple (XRP) a cryptocurrency with a centralized enterprise behind the curtains supporting its development and controlling where the token should be led just has experienced a very major climb upwards against the US Dollar – with a market cap of around $8.66 billion and a price (at the time of the writing) $0.2259.
In a trading and investing market – especially cryptocurrency, nowadays it is very difficult to pin-point down the reasons which conclude with this sort of spike, for example Ripple. For future references and help in investing-decision making purposes, down here we will try to explain this particular case.
What played the Role of the Pull-Up Lever for XRP/USD
Just before that, to have a quick heads up – Ripple while working together with financial services, banks and institutions wants to take down SWIFT (entity with a monopoly on border transfers) and disrupt its functionality. According to Thomas – Money should be fast sent and received like data and information now on a global scale.
(To trade cryptocurrency like Bitcoin, Ethereum, Ripple or Litecoin, try eToro.)
So for the reasons why the catapult took place:
With the planned Blockchain improvements like Lightning Network for Litecoin, Ripple negotiations and so on, many investors are moving and diversifying their portfolio from the digital currency leader Bitcoin. More than ever now because of the potential upcoming fork happening in November. As for now and the longer term, Ripple is looking more promising than ever to be a choice for the future and a more reliable positioning for traders.
Does your family have a history of cancer? If so, you’re likely familiar with colon cancer as, according to the Mayo Clinic, it’s the most frequently occurring digestive system cancer. Because of its deadly result, researchers across the world continue to search for ways to prevent it.
A recent study conducted in France concluded that resveratrol was able to slow down the production of cancerous cells and therefore could be considered an effective anticancer agent. Some of the top natural sources of resveratrol include blueberries, peanuts, grapes, and both red and white wines.
In addition, a research by the Cancer Research UK showed that that relatively small doses of purified resveratrol, a chemical found in red grapes and wine, might have an impact in reducing the risk of bowel cancer – at least, in mice prone to developing the disease.
Over the past few decades literally thousands of papers have been published about resveratrol, and its potential benefits are touted for a wide range of ailments including diabetes, neurodegenerative diseases and – of course – cancer.
The chemical itself has a range of effects on cells, mainly by influencing energy production (metabolism), although exactly how it works isn’t entirely clear. Tests on cells grown in the lab and some animal studies have suggested that resveratrol may have anti-cancer properties.
Just today, Ethereum is swinging wildy again, reaching to highs of USD 345 before retreating to the $328 range. (at the present moment). With its high fluctuations, how can we make money with Ethereum?
Ethereum has grown from a paltry price of $10 to the current $345 within a short period of time. There are several factors behind this price hike. One of the main reasons was Ethereum has been marketed to various potential corporate and government partners are a way of generating revenue through its integration of blockchain technology. Some highly publicized partnership are JPMorgan Chase, Cisco Systems, Inc, Bank of New York Mellon Corp, Microsoft, and other 30 big brands to create a partnership known as the Enterprise Ethereum Alliance (EEA).
In order to trade Ethereum, you need to know the various phases of Ethereum planned growth.
Option A: You could Buy and Sell
There are several reasons you should consider buying Ethereum for long-term investments.The technology that underlies Ethereum means that it can be used for a number of other purposes that will be built off of a decentralized and autonomous system. Simply put, it potentially will be a revolutionary technology with the potential to impact a whole spectrum of industries. As the demand for the Ethereum platform and its smart contracts enabled network increases, the value of Ethereum as a cryptocurrency will continue to surge.
Stability – Ethereum had an organic growth, without massive spikes, and it seems to be stable, if not even predictable. The increasing demand and value of a certain cryptocurrency serve as an indicator of its potential. Whatever the reason is, it still increases the demand – meaning a further increase in Ethereum price.
You can choose to buy Ethereum, or if you prefer to have more liquidity, you can opt to trade in Ethereum. I personally prefer eToro as it was an intuitive interface and allows several other cryptocurrencies to be traded as well, as such Bitcoin, Ripple, Litecoin, etc.
You can sign up for an eToro account at http://bit.ly/etoro-ethereum
Option B: You can mine Ethereum
Bitcoin mining started out with simple CPU and GPU mining that can be done on high-powered home computers before the introduction of ASIC miners overwhelmed the industry resulting in only specialized hardware being capable of any worthwhile mining. The Ethereum blockchain, however, is far more resistant to ASIC miners which result in most of the processing being done on rigs mounted with GPUs.
If you have a high-powered system for gaming then your computer is more than capable of mining Ether at a respectable rate. You can choose to mine Ethereum solo but you’ll probably get better results by contributing your resources to a pool. Personally, I have never mined any myself but I have a good read on Nanopool and they’re easy to use. Thanks to their great help page.
In my opinion, Ether could be at a high price but still not profitable to mine because your electricity costs are so high, or visa Versa. You also have to account for the difficulty increase associated with a price spike.
In any case, we should be seeing Ethereum go up, up and up! Don't wait too long!
Running a business is a lot of hard work, but when the going gets tough, the tough gets going. The planning for this Micron event started as early as April, when the team was involved in the Livewell Fiesta. The lead came from Marcus' friend, Choon Meng.
This lead to a series of recces, presentations, as well as many email exchanges. Hence, in a way, there was a sense of anticipation leading to this event. This was coupled by the fact that it was a major event which included a talk on Gut Health by our Doctor Meng, a Pound demo class by Samuel, as well as a product and service fair by the rest of the team. We also helped liaised with Angela of Bits and Bites to cater lunch packs for the audience.
All in all, we expected a bigger turn out, but for those who attending, some bought products, some signed up WFit, and one customer even bought an Elight one-month package.
I suppose what was most important was the brand awareness that we were building, and then, the camaraderie that was forged through the hours of hard work spent together. As months pass, I can't help but feel closer and closer to the team. Thank you all for sharing this dream!
I am MrWildy and I am trying to journal more about my life and also my travels. Find out more about me here.