While Bitcoin is leading the cryptocurrency rally, we look into another promising altcoin – Ripple. Today, we discuss the 2018 Ripple Price Prediction.
31 August, AtoZForex – This year, we have witnessed a crazy cryptocurrency rally, with Bitcoin and Ethereum leading the pack. However, other digital currencies also performed well- Ripple and Litecoin have gained quite some popularity over the past months.
Cryptocurrencies are a new safe haven
While the market is oversaturated with the Bitcoin and Ethereum price analyses, we decided not to ignore the altcoins that are also booming. Today, we will be talking about 2018 Ripple Price Prediction.
The top cryptocurrencies for next year are going to be the ones that have already performed well during the current year. Bitcoin, the first ever cryptocurrency, has its price surging up in a rapid way. Talking about Ripple, the enterprise on the game, it is necessary to note that its market development cannot be copied by other altcoins. Thus, there is a big chance that Ripple could be doing much better during the next years.
The cryptomania has reached impressive highs thanks to the safe haven demand – now investors turn to the digital currencies in times of uncertainty.
Now, the market cap of Ripple (XRP) stands at around $7.7 bln, while its price has gained almost 4,000% in a year.
As you might already know, Ripple is a unique cryptocurrency. For example, say if you have sent money abroad, you were delivered a SWIFT code. SWIFT is an entity with a monopoly on border transfers. However, Ripple has the potential to eliminate such system.
According to the Ripple CTO, Stefan Thomas:
“Ripple provides one frictionless experience to send money globally using the power of blockchain. With RippleNet, financial institutions can process their customers’ payments anywhere in the world, instantly, reliably and cost effectively using just one API.
Ripple is the only blockchain network with real customer. We’ve signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use”.
2018 Ripple Price Prediction
According to Mr. Tomas, money should be fast processed and transacted as fast as data is going around the world. This is exactly what is Ripple capable of. Mr. Thomas further adds:
“Because XRP has a clear use case. It is one of the largest digital assets by market capitalization. It is designed for use by financial institutions as an on-demand liquidity solution for cross-border payments.
For example, payments into emerging markets can require multiple currency traders — added costs — or pre-funded local currency accounts — which often results in the trapped capital. Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at up to 60% less cost to settle.”
In case everything works out good for Ripple and the global institutions will accept Ripple widely, we could see a $2,00 level in the end of 2018.
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