If you just started to research and read about crypto, or you are around for a long time you will eventually feel all you hear related to forecasts is Bitcoin and Ethereum. However, it would be of great mistake to evade the altcoins that are booming around us, like Ripple andLitecoin that initiated at a much lower level, having it at ease to double, triple the price in a short time period.
Cryptocurrency Market in the Long Term – Next Year
The best looking digital currencies for the next year could be easily the ones that have already cemented their place at the top of the “War for the Best” just because of the existing rivalry and competition.
Bitcoin – For a long time only its name is a power-horse that is hoisting its market up constantly, the mainstreaming factor has already taken over and for anybody to invest and trade in different altcoins and tokens, first you have to demand BTC then exchange the dominant coin with what you particularly want.
On the other hand, there is Ripple – an enterprise on the game, which market development strategy cannot be imitated by other coins just because not many are structured as a company having control where the tokens are lead which makes negotiating deals with world financial institutions possible.
There is a very high chance Ripple [XRP] could be doing better than the rest of the virtual currency pack.
Ripple Price Prediction Against the US Dollar – 2018
With a price surge of almost 4,000% in a year, the market cap of Ripple (XRP) is around $7.7 bln (as time of the press).
What is Ripple target and what makes Ripple so unique?
In case you have sent money overseas, around the globe and so on you were delivered a SWIFT code which is a entity with a monopoly on border transfers – in 200 countries, with more than 11.000 financial institutions forming its branches.
However, Ripple while working together with financial services, banks and institutions wants to take down SWIFT and disrupt is functionality. Keeping in mind only the understanding of the blockchain concept, what makes digital currencies (blockchain-based) better, different form fiat money and lastly they could be the answer to many economic crisis – will be a hard process to solve.
“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 CTO Stefan Thomas
Money should be fast “executed” and transacted quickly as data is going around the world for the moment, which could be enabled in a global scale on Thomas eyes using Ripple.
“Ripple is the only blockchain network with real customers – we’ve signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use”.
“Because XRP has a clear use case,” Thomas said. “It is one of the largest digital assets by market capitalization and 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 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.”
Convincing people that the blockchain-currency is an answer is truly not done at ease but that is a problem mostly for Bitcoin and other currencies similar to the dominating coin as Ripple only has negotiating deals with bank officials that blockchain is the best answer and the War would be in the pocket.
If everything rolls down the road good and positive with its newest developments – Ripple could be aiming and probably reaching the $2.00 mark End of 2018.