Ripple price predictions 2018. XRP is one of the largest cryptocurrencies in the market.
With such a large market cap, many of the investors are trying to figure out whether XRP can rise more during this calendar year.
Today, we will shed some light on XRP price predictions 2018.
Ripple/XRP price predictions 2018:
Most of the cryptocurrency experts believe that not only, Ripple (XRP) will be able to reach new peaks and but also create new highs as well. That is why many of the cryptocurrency experts believe that it will be a good investment opportunity. (news source : FXStreet, Express.co.uk, InvestingPR
With the current market cap being as it is, the room for improvement is pretty high.
Ripple is consistently adding new clients. It is not just adding new clients but marquee name clients as well as banks all over the world. Moreover, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another. This is the reason why Ripple is actually pretty undervalued currently. In the coming future, as it adds newer and newer clients to its structure, the Ripple will most probably be able to increase its market cap and value significantly.
Can XRP reach around $8 – $10 by the end of the year?
Keeping all of these factors in mind, many of the cryptocurrency experts from different sources like fxstreet, express.co.uk, investingpr believe that XRP can triple its value or reach around $3-$5 by the end of the year. This will almost be a 10-time rise from the current levels. They say this is the reason why it is one of the best investment opportunities of this year.
Thus, if you’re looking to invest in a cryptocurrency which can get you significant returns with minimal risks, XRP may be the perfect option for you because of its current low price according to the experts from fxstreet, express.co.uk, and investingpr. They say it will be a good idea to buy it at the current levels. This way most of the investors will be able to make a pretty good amount of earning if they were to hold it for a long period of time. Also, the management building the Ripple protocol seems to know what they’re doing which is an added advantage.
Meet Ripple/XRP, the world’s most practical financial network
What are we, as a society, if we aren’t able to build robust relationships based on trust? That, and honor should be in front of every social interaction involving human beings, including financial transactions.
As the world shifts towards a more digital, cryptography-protected way of doing business, traditional banking platforms are being slowly phased out the financial scope. Only those willing to adjust and include more efficient payment systems, which are both faster and safer, will be able to maintain in the business and survive.
Ripple/XRP Price Today
The Ripple (XRP) platform represents one of those innovative systems. While it has been around since 2012, it is still solidly backing up banking and financial institutions in their quest to provide more efficient and faster transactions that can be built around customers’ trust in each other and the network.
Ripple/XRP is a project based on small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple/XRP node functions as a local exchange system, in such a way that the entire network forms a decentralized mutual bank.
In other words, the Ripple (XRP) platform is a distributed social service based on the honor and trust of existing people in real-world social networks. In this way, financial capital is based on social capital. A reduced version of the Ripple network would consist of an extension of the existing hierarchical banking system.
Ripple/XRP: an exciting, feature-rich network
To understand Ripple/XRP’s place in the crypto universe, we have to value its contributions to the industry. In addition to being one of the most renowned digital tokens out there – even competing for the second spot in market share, behind Bitcoin, with options such as Dash, Litecoin, and Ethereum – it is also one of the most efficient payment networks for financial transactions in the planet.
The Ripple/XRP technology is, in fact, more widely known for its digital payment protocol than for being a cryptocurrency. Since being co-founded by Chris Larsen and Jed McCaleb in 2012, it has flourished, reaching worldwide recognition and market success via the digital coin, the XRP.
Ripple/XRP functions in a decentralized platform that fosters money transfers in any form. It is open source and peer to peer, and can work with several exchanges and currencies, physical or crypto, such as US dollars, Yen, Litecoin, and Bitcoin.
To work correctly, Ripple/XRP implements the Gateway medium, which serves as the link in the trust chain between two parties wanting to make a transaction. Gateway is the credit intermediary, the one in charge of receiving the funds to public addresses managed within the Ripple/XRP platform. In Ripple, anyone can sign up and open a gateway that authorizes that person to be the middleman for exchanging currencies.
The XRP (Ripple) is the associated cryptocurrency of the platform. It performs the part of a bridge currency to other tokens without discriminating between fiat and crypto, facilitating exchanges between different coins.
According to Ripple’s chief cryptographer, David Schwartz, the payment systems of today are where the email was in the early ’80s. Every provider built their system for their customers, and if people used different ones, they couldn’t easily interact with each other. The purpose of Ripple is enabling the connection of different payment systems together.
2012: Ripple/XRP is born
Ripple’s original and intellectual authors are Arthur Britto, David Schwartz, and Ryan Fugger. They formed the Ripple Company in 2012 and came up with the initial release. The latest version or release was on February 20th, 2018.
The project is written in C++ code, under the operating systems GNU/Linux (RHEL, CentOS, Ubuntu), Windows, and OS X. We can consider Ripple to be a real-time gross settlement, currency exchange, and remittance network.
Ripple’s first significant period ranged from 2012 to 2013, involving OpenCoin and Ripple Labs. OpenCoin started the development phase of a new payment protocol, named Ripple Transaction Protocol (RTXP), with Fugger’s ideas, primarily instant money transfer between two parties. By that time, the company had already created its digital currency, the XRP, in the same mold as Bitcoin.
Later, between 2014 and 2017, Ripple began to focus on the banking market, with Ripple Labs taking part in related projects. They experimented with an App for iPhone that enabled users to send and receive transfer between them. Since 2013, the Ripple protocol has been adopted by numerous financial institutions to offer an alternative remittance option to people.
Continue Reading