Is Ripple a Worth Investment in 2021?

In this guide we are going to talk about Ripple – what will Ripple be Worth in 2021, and why you should consider investing in it.

By the end of this guide, you’ll have a greater understanding of Ripple — and you will be able to answer the questions “is Ripple worth buying this year?”, and if so, “what is the best exchange to buy ripple in India?”.

What is Ripple (XRP)?

Ripple has stood out as the go-to blockchain platform for cross-border transfers that are fast and affordable, from its inception. For the longest time, XRP was the third-largest cryptocurrency in the market. However, it was overtaken by Tether (USDT) and later lost several positions due to the uncertainty caused by the ongoing lawsuit.

The international transfer token was designed to solve the problem currently being faced by leading fiat transfer systems like SWIFT. Therefore, Ripple roared into existence in 2013 as a worldwide system supporting payments, international settlements, and a trading instrument. The token XRP is native to the blockchain, the XRP Ledger.

It is essential to keep in mind that Ripple distinguishes itself from Bitcoin (BTC) and Ethereum (XRP) as the bridge between the fiat and the digital worlds. Moreover, Ripple believes that it is capable of solving real-world problems. Note that XRP is not a mineable coin like BTC and ETH because all its 100 billion tokens were created at the beginning of the project.

The only impediment is that XRP comes out as a centralized cryptocurrency and not decentralized like its peers, mostly because 55 billion of the total supply is under Ripple Labs’ ownership.

Why Should you Invest in Ripple in 2021?

There are all kinds of reasons why you might want to invest in Ripple today — Probably some you’ve never considered.

Ripple continues to grow in popularity in a gradual manner.

Interestingly, there was a rise in the number of new users joining the network in late 2020, and this has given crypto experts a positive impression of Ripple’s future.

And only in January 2021, the rise of user engagement in the network increased by 240%.

Ripple’s XRP token was never intended to be used as payment; it was only intended to be used to facilitate transactions on Ripple’s exchange. In any case, there are some online merchants that accept payment in XRP tokens.

The essential use case for XRP is for the movement of different monetary standards (or assets and commodities like gold or oil) over the Ripple network.

Moreover, investing in Ripple in 2021 might be a good move as XRP’s price is low at the

What Will Ripple be Worth in 2021?

Since the price of Bitcoin peaked at $62,000, some crypto traders prefer to invest smaller figures in cryptos with higher returns, such as Ripple. This could help Ripple increase in value as there is more demand.

The Economy Forecast Agency is optimistic when forecasting Ripple price in 2021, predicting that it could reach as high as $1.69 by October. Digitalcoin, which is known for a more conservative approach when forecasting prices, predicts that Ripple could reach 1.89 as early as March, and then drop to $1.86 by December 2021.

Is XRP a good investment in 2021?

XRP has delighted traders with some sharp gains in 2021 so far. While the token reached its lowest price of $0.20 per coin in January, it managed to rally up to $0.61 in mid-February for a short time.

However, there are many assumptions and speculations taking place when it comes to the investment in XRP during 2021.

Aside from The Economy Forecast Agency’s prediction mentioned above, there is another prediction made by Nigel Green, the CEO of the deVere Group, that Ripple could hit $1 and reach parity with the US dollar.

Though the prediction was actually made in 2018, Green’s reasoning behind his prediction still resonates. He referred to both the attention the XRP token receives and the token’s handiness. If correct, this would make the coin highly attractive to invest in.

Where to buy Ripple (XRP) in India?

Do you want to buy Ripple in India? Are you looking for the best exchange to invest in Ripple? Then, you have landed at the right place. I would suggest “Koinbazar”, India’s leading cryptocurrency exchange where you can buy ripple with INR instantly at the lowest trading fee. And also they have recently launched the cryptocurrency exchange mobile app for both Android and iOS platforms. With this app, you can buy, sell, and trade your favorite cryptocurrencies instantly. Users who download and sign in to the app will get FREE 10,000 SHIBA INU tokens instantly gets deposited into your koinbazar account.

How to do tax-saving with mutual fund investments?

It might be difficult watch your hard earned savings simply getting deducted in taxes. The simplest thing to do would be to invest in a tax saving mutual fund, which helps you build wealth and reduce your tax liability. Remember though tax planning is challenging, it can also be rewarding if done correctly. So, we are giving you a quick run through about how you can save your hard earned money by investing in a Tax Saving (ELSS) mutual fund scheme.

An ELSS (Equity Linked Saving Scheme) could become you best choice if you are looking for:

Tax benefit u/s section 80C of the Income Tax Act, 1961
Opportunity to invest in the equity markets to grow your investment corpus
Long term Capital appreciation
Shortest lock-in period as compared to other tax saving instruments under Section 80C

As per SEBI’s categorization norms for mutual funds, ELSS is an open-ended equity-oriented mutual fund scheme that invests a minimum 80% of its assets in equity & equity related instruments.

Generally investment objective of an ELSS tax saving mutual funds is to achieve long-term capital appreciation by investing primarily in equity and equity-related instruments.

A distinctive feature about ELSS is that compared to the other open-ended diversified equity mutual funds, investment in ELSS is subject to a compulsory lock-in period of three years. During this period, you cannot redeem your investments before the completion of three years from the date of the investment. After the lock-in, if you decide to redeem the investment on the realized gain, as per the current tax rules, LTCG (Long-term capital gains) tax applies.

Remember, though tax saving may be a major purpose behind investment in tax saving mutual fund; it’s a general expectation that any investment should also deliver some return. Hence, while evaluating your options for the tax saving mutual funds of 2021 to invest in, you need to look at the return column too. Do not forget that as an investor, should know the risk- reward tradeoff specific to an investment before taking the plunge with your hard earning money. You need to look beyond to see a historical growth of ELSS tax saving mutual funds for a period of at least 3 years.

If you are looking to save tax, lower your capital gains tax and long term risk adjusted returns from your investments, maybe you should consider adding an ELSS tax saving mutual fund to your portfolio.

Whether liquid funds are a good option for building emergency corpus?

Liquid funds in India, as the name suggests are liquid. This means they can be easily converted from invested money into useable money. They have minimum 7 day’s of exit load. .

Before focusing on why to use liquid funds in India for emergency corpus, let’s focus on how to build an emergency fund.

Examine your Cash Flow:
First and foremost, check if can maintain the income which meets your monthly expenditure or basic needs. Due to pandemic-induced economic deceleration, salary cuts and business losses have affected the majority of the population throughout the world. If you have a surplus left after meeting your emergency corpus, you may then consider investing money.

Understand your risk-taking ability:
Before you invest your money, gauge your risk taking abilities. If you are an investor reaching your retirement, then you might want to take a conservative stand. This means holding a bigger emergency corpus, say 24-36 months equivalent of expenses into a liquid mutual fund. Liquid fund returns may be lesser compared to a longer-term debt fund or other funds such as equity mutual funds, however, they can serve the main purpose of an emergency fund; which is offering you safety and liquidity at the time of need.

When selecting the liquid funds to invest in, note that the focus should not be on return but the safety and liquidity aspect, especially if you are building emergency funds.

Liquid Funds may not vary a great deal in returns. Invest in liquid funds which invest completely in short-term government securities of not exceeding 91 days and have no private party risks. Due to the short maturity period, they are not subject to volatility in interest rate fluctuations.

Liquid funds taxation is as per the holding period. For short term capital gains of lesser than three years, the gains are taxed as per the income tax slab of the investor. For long-term capital gains exceeding three years, liquid funds are taxed as per 20% with indexation benefit.

Traits of Liquid Funds in India that makes them an excellent choice for the Emergency fund:

Liquidity:
Liquid funds can be easily converted to useable money. They can be easily redeemed and in just T +1 time the money gets credited to your account.

Risk:
Liquid funds are less risky as compared to equity mutual funds. This helps to minimize the downside risk of your investments due to from market volatility to a certain extent.

Last but not the least, always choose mutual funds to create the emergency corpus you desire as the Mutual Fund industry is managed by professionals and regulated by SEBI..

A Baby Gift Basket Can be a Perfect Present

When a close friend or relative is having a baby, there are always presents and baby shower gifts to think about getting. The new mother is going to have an intense period of adjustment before she gets settled into the routine of having another human being to look after, so she will need all the help possible from family and friends to make that transition as easy and memorable as possible. This should be a celebratory time for the new family, not a time of worry or stress, and a gift basket to commemorate the new addition can be just the thing to brighten their spirits even more, and maybe even supply them with some things that will end up coming in handy.

A baby gift basket can be one of the easiest way for you as the gift giver to be creative, and show the person your giving it to just how much you care about them. Instead of one big gift, you get to give out a plethora of trinkets, toys, and other fun items, wrapped together in a beautiful package which, in itself, can be a gorgeous thing to receive. A popular thing to do when buying a gift basket is to let the company who makes it fashion the wicker basket as a bassinet, within which are all the things you want to bestow upon the new child, making your gift all the more thoughtful and appropriate. Better yet, there are so many companies out there that are experts at making these sorts of things, so even if you’re not exactly Martha Stewart yourself, you can let an anonymous craftsperson make it seem like you should have your own cable show.

Within the gift basket, you’ll want to include the basics, those simple bare necessities. This means, teddy bears and or dolls are a given, as any parent will know a young child can never have enough teddy bears. If you want to be gender specific, you can go for the standard pink or blue color palettes to appease notions of femininity and masculinity, but many people nowadays are shying away from such black and white notions of sex, so your best bet is probably to stay as neutral as possible. This also means that you can go nuts and include just about anything in the toy department that you want to give the new baby. No longer do Tonka trucks mean ‘it’s a boy’ nor do Raggedy Ann dolls indicate the infant is a girl, so take advantage of this freedom in creating a truly unique and baby gift basket. Baby oil or baby wipes can be the new parent’s dream as well, since they’ll surely be running through plenty of both, so don’t be afraid to include the practical as well as the sentimental.

In addition to the variety of contents you can include in your basket, you also have the luxury of having a wide range of prices and sizes to choose from, as crafting gift baskets for babies is a burgeoning market right now. Obviously, if the expecting mother is only a co-worker or a casual acquaintance, you don’t want to present them with an elaborately fashioned and ornately packaged baby gift basket [http://www.westminsterweekly.com/category/home-news], as you’d probably be shelling out more money than you really want to spend. A nice, small gift basket can say everything you want to say, and do it in a classy, memorable way, without costing you the proverbial arm and leg.