![]() In the world where money exists in the digital ledger of banks, cryptocurrencies like Ripple have a special place as they are not anti-bank in nature like many other cryptocurrencies. A paradigm shift is happening, and we are moving towards digitization of all currency. If you want to invest in Ripple, XRP as a long-term investment that you would like to hold for years to come, Ripple seems to be a promising investment. In the long run and as long as banks exist, XRP is likely to prove as a solid investment, but its prices can see a downward trend in some of the months. A lot of cryptocurrency enthusiasts don’t like the idea of banks or any financial institution or a company regulating the cryptocurrency. ![]() – Though the overall price of XRP is expected to witness an upsurge, not all months of 2018 will be the same. Trading volume is expected to grow in 2018, and a rise in speculative activity on the Ripple cryptocurrency can even raise its prices to $7-$10 mark as well. – Trading Volume of XRP is nowhere close to the most popular cryptocurrencies, BTC and ETH. – Looking at the latest developments and increasing interest towards the XRP, by the end of 2018, the Ripple price is expected to cross the $7 barrier at least. Read Also: 5 Tips To Protect Your Digital Currencies Predictions For 2018 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. A large percentage of cryptocurrency traders and investors are still not familiar with Ripple despite its promising technology. 5- Familiarity :īitcoin and Ethereum are the most traded cryptocurrencies. Investors interested in the digital currencies as a haven for the uncertain times will find Ripple as a promising candidate. Other cryptocurrencies won’t find it easy to copy the market development of Ripple. 2017 saw the price of XRP surging rapidly during the first half. 4- Cryptocurrencies As Safe Haven :Ĭryptocurrencies performance during 2017 will be a determining factor for their demand in 2018. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies. ![]() 3- Trust :Ī large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. Ripple’s technology is powerful enough to replace international payment systems such as VISA while reducing the cost and allow instant transfers. Bitcoins can handle up to 7 transactions per second. Ripple can process 1500 transactions per second, which is huge as compared to Bitcoin. However, it can indeed break the monopoly of SWIFT over the international fund transfer. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It has more than 11,000 financial institutions and 200 countries on its network. SWIFT has a monopoly over cross-border settlements. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. Right now, SWIFT facilitates most of the international payment transfers.
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