The year, 2017 has been seriously one of a kind! With the ever-expanding growth of
cryptocurrencies, the markets globally are buzzing with the new device for money making. It’s
very reasonable to state that the cryptocurrencies will revolutionize the money system in the
similar way as Internet has done for procuring information.
Ripple cryptocurrency is one of the best known emerging currencies of today. Its demand is
continually growing as much as the Ripple coin price. The futuristic predictions state that 2018
is going to be the year of Ripple coin, it has already created a big market buzz with millions of
people globally vouching for it.
The booming growth and the demand have led XRP Price, rise making Ripple stand out from the
rest of the crypto coins. It has proved itself as a distinct market cryptocurrency providing
frictionless experience to send money globally using the power of blockchains.
The main five reasons for XRP to perform great in 2018 are:
1. Operation: It is working with some of the largest financial institutions around the world
for facilitating cross-border transactions efficiently and effectively. The transaction cost
for ripple is minimal.
2. Powerful Technology: Ripple can process 1500 transactions per second which are huge
compared to Bitcoin. The Ripple technology has the potential to replace SWIFT, which
currently has the monopoly for facilitating international payment transfers.
3. Trust: Many International Financial Institutions are now resorting to ripple for their
financial transactions, there is a certain amount of trust in the Ripple system.
4. Familiarity: Bitcoin and Ethereum are already the market leaders for crypto trading, these
are one of the largest traded cryptocurrency in the world. The use of Ripple will be
familiar experience to the customers as it is also based on the blockchain technology and
thus it will not be alien for the people to start adopting Ripple.
5. Usage: Ripple can be used not only for cross-border transactions but also can be used for
trading any asset with any other asset. For ex., if two people holding entirely different
asset class, let’s say gold and agricultural products can be traded seamlessly with the help
of ripple, so long as there are intermediaries who are willing to facilitate this transaction.
Looking at the latest developments and increasing interest towards the XRP, by the end of 2018,
the Ripple price is expected to cross the $10 barrier if not $20 barrier. With the circulating
supply of other cryptocurrencies, nowhere close to Ripple, the further increase in the price of
Ripple will make it the largest coin in terms of market capitalization.
Though the overall price of XRP is expected to witness an upsurge across the whole year, there
may be rise and fall in the prices. A lot of cryptocurrency enthusiasts don’t like the idea of
Ripple operating in the purview of banks as the basic intention for the inception of
cryptocurrency is to eliminate the banking system altogether.
All said and done, the exact price of Ripple can only be predicted by the person with a crystal
ball, though the recent trends suggest a good future for long-term holding of Ripple. If XRP
maintains its exponential growth during 2018, then its long-term fundamentals may change for
the positive according to the Theory of Reflectivity. The fundamentals in the case of XRP are
basically its long-term probability of becoming a quasi-reserve currency for financial institutions.