If you’re one of those who continually is in the look for the perfect crypto to put your bets in, Ripple’s XRP may be the answer. The third largest cryptocurrency in the market has been pretty much in the spotlight during the last couple of months because of several reasons. Some of them quite positive, and on the other hand, some negative press have landed in the crypto world about security issues.
But is it possible for Ripple to be the best offer in the market as of now? Where can Ripple get in the coming months? Keep reading, as we discuss the main facts on the company and the price predictions of Ripple for December 2018.
Ripple was founded back in 2012 by Arthur Britto, David Schwartz, and Ryan Fugger. For a whole year, the team worked tirelessly in the creation of OpenCoin and Ripple Labs, the company in charge of the solutions that as of today we know from Ripple, xCurrent, xVia, and xRapid.
Through OpenCoin started the development of the payment protocol, the Ripple Transaction Protocol (RTXP), and later, the design of their own token, the XRP token, the current third largest crypto of the sector by market capitalization, a crypto created as the mold of Bitcoin (BTC).
From 2014 to 2017 the target was to capitalize on the finance sector, a project that started with the experiment of an iPhone application for sending and receiving money instantly between users.
Later on, the payment protocol started to gain strength and became the payment solution for several institutions of the financial world, a field in which Ripple collects a huge success these days.
The first company that embraced the Ripple network as a payment solution for cross-border payments was the German bank Fidor. However, as of now, Ripple has the biggest amount of partnerships in the industry, many of which use their protocols, such as Banco de Santander, Mastercard, American Express, Western Union, and so many others.
There are two types of systems in the crypto verse, the proof-of-work system, and the proof-of-stake system. Ripple is among the cryptos that work under the first system, or as it is called, the consensus protocol, which to say the least, is the most likely extended amongst renowned cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Nevertheless, unlike these two, Ripple has already an amount defined for their crypto supply; and that means that the XRP can’t be mined, and the same way, that none new XRP tokens will be created to change the quantity of the coin.
One of the most distinguished features of the consensus protocol is that it allows the validation of account balances in each transaction deployed in the networks, and like this, double spending is avoided. Automatically, the system will erase any malicious activity implemented by scammy people who intended to send a specific deal to multiple gateways.
The consensus occurs when a transaction gets deployed in the network, and distributed nodes decide by vote what would be the pecking order, a process in which the majority establishes the decision in only 5 seconds.
Ripple’s XRP price prediction for the end of the year
At the moment of writing the price of the XRP token is $0.277 according to Coinmarketcap. However, this price has been mainly influenced by the moves of Bitcoin and the generalized downtrend that the market has had during the whole year.
In this sense, Ripple continues to work on essential relationships and updates for the whole community, as well as for making the crypto get to the top again by the end of this year.
With relation to this, several good sources such as fxstreet, express.co.uk, and investingpr have forecasted that Ripple may get to remarkable heights at the end of the year, hitting the marks of the $8 or 10 dollars, an increase that would represent 40 or 50 times the current price of the token.
So in terms of retribution, the best option would be to buy XRP and hold it till the end of the year as the price increases, a fact that more likely will occur considering the strategies that Ripple is working on, including the integration of its 3 solutions in order to get a mass adoption of the XRP token.
Ripple has proven to be not only a robust and efficient payment platform, but it has also shown the market that it is here to stay in the top no matter what. The XRP token can become the second largest cryptocurrency again in just a matter of months if all goes well, so we all need to be prepared for what is coming.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
Photo by Bruno van der Kraan on Unsplash
Ripple XRP Mega Breakout: What’s Next?
The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:
Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.
XRP is now sitting at .51704 as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.
Ripple XRP Mega Breakout
The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.
While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…
Where will Tron (TRX) be when we land in the same month next year?
The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.
The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.
Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).
The expected value of Tron TRX in a year or so now?
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Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.
While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.
For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.
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Ripple XRP Mega Breakout: What’s Next?
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