Topic: Why XRP will have a good year in 2018. (Read 186 times)
As the circulating supply of the cryptocurrency ripple is higher than bitcoin and Ethereum combined the trading volume in ripple is expected to grow in 2018 this may also been seen by its collaboration with many of the worlds financial institutions it is with the kid that ripple will reach an overall value of $10 if it keeps on increasing at the same rate that it is currently.
3- Trust :
A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies.
A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies.
I think point 3 is the most important one.. And this is why ripple will prevail!
Perhaps in fact this year the XRP project will be able to show us again a serious growth, as it was at the end of 2017 and early 2018. But still I'm not a supporter of the Ripple project. Therefore, I have nothing to say here, I do not think that this project is generally a crypto currency. Because it was created by banks, for their internal affairs
Guys don't forget that Ripple overthroned Ethereum from number 2 cryptocurrency in early January. There is a difference between Ripple technology and XRP. Banks need Ripple tech and they want it all, no doubts, but they don't actually need XRP coin, that is possible problem for XRP. But I still believe that it can go 3-5 USD until the end of 2018 a during first bullish trend in march it will reach 2 USD quite easily in my opinion.
Let's see what price XRP will reach in coming months. Due to high volume of supply, it cant go to moon any sooner.
Thats a good strategy for the XRP to go up and make some fortune out of it. But the whole thing sucked at centralised regulations that it is carrying with it.
The SWIFT technology is in effect since very very long time and it will take almost decade to take it down by considering the bold "yes" from every country that is under its regulation. Every other visa, master card companies along with the international exchanges use the SWIFT codes widely now a days and thats trillion dollar business which can not be hampered by the XRP alone with its tiny market cap and the very nature of crypto currency.
The monopoly will be maintained due to the sake of political and Interpol pressure as they will never want to go through every county's portal and change it over night. This process will be huge mess because setting up the whole thing for the new chain won't be easier.
The SWIFT technology is in effect since very very long time and it will take almost decade to take it down by considering the bold "yes" from every country that is under its regulation. Every other visa, master card companies along with the international exchanges use the SWIFT codes widely now a days and thats trillion dollar business which can not be hampered by the XRP alone with its tiny market cap and the very nature of crypto currency.
Quote
SWIFT has a monopoly over cross-border settlements. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not.
The monopoly will be maintained due to the sake of political and Interpol pressure as they will never want to go through every county's portal and change it over night. This process will be huge mess because setting up the whole thing for the new chain won't be easier.
Definitely Ripple have bright future in 2018 and this is because as we can see technically , Ripple was trading at just $0.005 in Jan-17 and then ripple rose to $3.65 in jan-18 , it means it given 365x return and now its trading at almost 1.25$. As we can see all altcoins crashing, ripple also crashed from ATH but as this market stays and enter in bullish zone Ripple will cross 5$ in this year. Also Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.So ripple have bright future.
I never doubt the ripple, all the reasons you say are very rational and very influential to the development of ripple. But if we look at the current market situation, whether it will be achieved?
Fingers Crossed , Hope ripple increase in this Month end.
Considering the vomume of XRP, do you really think it will go really high? I think the maximum has been reached 2$...
It's ath was 3 dollars something
Considering the vomume of XRP, do you really think it will go really high? I think the maximum has been reached 2$...
I agree with your points but there are some downsides as well, for example, one of them is the huge supply, secondly team holds a big percentage of xrp, third is the big investors and financial institutes can manipulate it as they are big investors.
I also believe ripple could be the most stable coin in whole cryptocurrency marke. Unlike other altcoins ripple works a bit different, it is the first decentralized digital coin and i hope this factor would make ripple more usable among traders.
If we compare NEO coin with ripple, there is no importance of Neo as ripple, so hopefully ripple will atleast surpass Neo this year
If we compare NEO coin with ripple, there is no importance of Neo as ripple, so hopefully ripple will atleast surpass Neo this year
I am not saying that XRP will explode in 2018, but it helps when the people that know the most about the coin want to be involved.
Bitcoin.com founder sells all BTC and Litecoin creator sells all his LTC. Meanwhile, Ripple follows through with the escrow and execs are HODLing for the long haul. To the moon mother bleepers.
Bitcoin.com founder sells all BTC and Litecoin creator sells all his LTC. Meanwhile, Ripple follows through with the escrow and execs are HODLing for the long haul. To the moon mother bleepers.
Ripples can handle 1500 transactions per second, which is huge compared to bitcoin. Bitcoin can handle up to seven transactions per second. Ripple's technology is powerful enough to replace international payment systems like VISA, while reducing costs and enabling instantaneous delivery.
A large number of banks from all over the world are actively working with Ripple to implement their technology on their payment infrastructure. This makes Ripple trustworthy and investors find XRP a relatively safe bet compared to other cryptocurrencies.
In my opinion, though X has some of the above advantages, there is a very obvious downside to X that it is over-centered.
A large number of banks from all over the world are actively working with Ripple to implement their technology on their payment infrastructure. This makes Ripple trustworthy and investors find XRP a relatively safe bet compared to other cryptocurrencies.
In my opinion, though X has some of the above advantages, there is a very obvious downside to X that it is over-centered.
Ripple prices had slumped on Wednesday on 11 January 2018.
Investors suspect that ripple selling is due to CoinMarketCap's decision not to include data from digital currency swings in South Korea. This had an effect on later ripple trading, whose price continued to decline. For now According to my Forecast System, XRP is an amazing long-term investment of at least 1 year.
Investors suspect that ripple selling is due to CoinMarketCap's decision not to include data from digital currency swings in South Korea. This had an effect on later ripple trading, whose price continued to decline. For now According to my Forecast System, XRP is an amazing long-term investment of at least 1 year.
For being stable Ripple could have a good year this 2018, however price for each coin will still not surpass that of leading coins, BTC, ETH, BCC. But I can see growth on this coin and could be the next big thing in cryptocurrency. A lot of people as well are talking about this coin so this means it will be easier to spread worldwide and influence investors to invest in Ripple. Once investors have interest in using ripple as their coin of choice this should slowly rise up in value.
The only donwside is it's just like Bitcoincash, stellar, and other currencyes only backed up by some powerfull people, etc, to get more money, and dump.... If you see the prices of those compared to ethereum, PIVX, Monero, you will see that these are more "stable" in price.
1- Operations :
Ripple is working with some of the biggest financial institutions around the world. Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. It provides a frictionless experience for global fund transfer using the blockchain technology. In future, it is expected to act as a liquidity solution for the cross-border transactions. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads.
Right now, SWIFT facilitates most of the international payment transfers. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. SWIFT has a monopoly over cross-border settlements. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not. However, it can indeed break the monopoly of SWIFT over the international fund transfer.
2- Powerful Technology :
Ripple can process 1500 transactions per second, which is huge as compared to Bitcoin. Bitcoins can handle up to 7 transactions per second. Ripple’s technology is powerful enough to replace international payment systems such as VISA while reducing the cost and allow instant transfers.
3- Trust :
A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies.
4- Cryptocurrencies As Safe Haven :
Cryptocurrencies performance during 2017 will be a determining factor for their demand in 2018. 2017 saw the price of XRP surging rapidly during the first half. Other cryptocurrencies won’t find it easy to copy the market development of Ripple. Investors interested in the digital currencies as a haven for the uncertain times will find Ripple as a promising candidate.
5- Familiarity :
Bitcoin and Ethereum are the most traded cryptocurrencies. A large percentage of cryptocurrency traders and investors are still not familiar with Ripple despite its promising technology. Once, a few institutional investors join the network and Ripple permeates the mainstream investor’s community like Bitcoin and Ethereum, an influx of trend followers can make the XRP prices shoot through the roof.
Ripple is working with some of the biggest financial institutions around the world. Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. It provides a frictionless experience for global fund transfer using the blockchain technology. In future, it is expected to act as a liquidity solution for the cross-border transactions. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads.
Right now, SWIFT facilitates most of the international payment transfers. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. SWIFT has a monopoly over cross-border settlements. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not. However, it can indeed break the monopoly of SWIFT over the international fund transfer.
2- Powerful Technology :
Ripple can process 1500 transactions per second, which is huge as compared to Bitcoin. Bitcoins can handle up to 7 transactions per second. Ripple’s technology is powerful enough to replace international payment systems such as VISA while reducing the cost and allow instant transfers.
3- Trust :
A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies.
4- Cryptocurrencies As Safe Haven :
Cryptocurrencies performance during 2017 will be a determining factor for their demand in 2018. 2017 saw the price of XRP surging rapidly during the first half. Other cryptocurrencies won’t find it easy to copy the market development of Ripple. Investors interested in the digital currencies as a haven for the uncertain times will find Ripple as a promising candidate.
5- Familiarity :
Bitcoin and Ethereum are the most traded cryptocurrencies. A large percentage of cryptocurrency traders and investors are still not familiar with Ripple despite its promising technology. Once, a few institutional investors join the network and Ripple permeates the mainstream investor’s community like Bitcoin and Ethereum, an influx of trend followers can make the XRP prices shoot through the roof.
Jump to: