Nov 21, 2018 14:30 UTC
Nov 24, 2018 at 08:20 UTC
What Is The Future Of Ripple (XRP)?
If you were unsure about whether or not Ripple (XRP) is a promising cryptocurrency, I am sure you would reach a final verdict once you read through this piece.
The digital currency has been doing exceedingly well in 2018. It went as far as to dethrone Ethereum from its second position in cryptocurrency rankings, and currently occupies that position itself. The Ripple blockchain facilitates the use of XRP, which is its digital currency.
The market cap of Ripple today is a massive figure which crosses $17 billion. It is the second largest cryptocurrency in the world and is listed on all of the top cryptocurrency exchanges.
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2018 has been a great year for the currency and we expect it to do even better in the years to come. The reason we can say this with confidence is because the price predictions for the currency look optimistic. All thanks to its multiple collaborations with Banks and Payment Providers, the currency is quickly gaining steam and being elected as one of the go to currencies for exchanges and transactions.
Many banks across the world have sought out the Ripple blockchain to be integrated in their systems, to increase efficiency and make the network more secure. With such demand for the company’s blockchain, the price for the digital currency XRP is also expected to propell upwards. Ripple’s XRP can also be transacted with an incredible speed of upto 1500 transactions per second, which is insane compared to Bitcoin’s speed, which 7 transactions per second.
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The current circulating supply of XRP is $40. 33 billion,which compared to Ethereum’s $103.34 million, is a much bigger sum of money. The currency is poised to have a year ending price boom that is going to see XRP reach new heights that it hasn’t touched before.
Even the popular crypto influencer, Ran Neu-Ner tweeted in support of Ripple’s (XRP), while simultaneously discrediting Bitcoin and Bitcoin Cash. He advised people to drop their BTC and BCH holdings in favour of XRP.
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