Altcoins
Latest price predictions of Ripple: Expected XRP price as 2018 ends now
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’s origins
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.
Ripple’s consensus
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.
Conclusion
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
Cardano price is set to end the month in the green, following a month of increased volatility in the global crypto market. At press time, ADA was trading 6.43% higher at $0.4003. The altcoin has been performing relatively well since the start of the year, securing a place among the best-performing cryptocurrencies. ADA has gained more than 6% in the last week and 60.94% in the year to date.
Fundamentals
Cardano price has revisited its highest level since February 21, 2023, after experiencing substantial volatility in the past month. At the time of writing, ADA’s total market cap had moved 4.97% higher to $13.8 billion, ranking it as the 7th largest crypto after XRP. The total volume of the coin traded in the past 24 hours has increased by 15%.
Over the past few years, Cardano has developed a reputation for its focus on research-driven development and innovative development. The altcoin uses a proof-of-stake consensus algorithm which is more energy efficient than the proof-of-work algorithms used by most cryptocurrencies, including Bitcoin. Additionally, Cardano has been improving its transaction speed, which could attract more customers and developers to the platform.
Notably, ADA has seen increased adoption in recent years as more businesses and organizations accept ADA platforms, and developers building more decentralized platforms on the Cardano platform. Even so, ADA still has a long way to go to reach the adoption levels of major cryptocurrencies such as Bitcoin and Ethereum.
Cardano’s…
XRP price has recorded substantial gains in the past week, jumping more than 20% over the period. The altcoin has been among the best-performing cryptocurrencies in the market. XRP’s total market capitalization currently stands at $23.2 billion, ranking it as the 6th largest cryptocurrency after USD Coin and above Cardano. The total volume of the coin traded in the past 24 hours has declined by more than 27%.
Fundamentals
XRP has experienced significant volatility in its market capitalization in recent years, reaching a peak of $140 billion in early 2018 before plunging to under $10 billion in 2019. The coin was designed to be a bridge currency, allowing seamless transactions between different currencies without the need for a traditional financial intermediary.
Even so, XRP faces stiff competition from other altcoins, particularly ones that focus on cross-border payments. Stellar Lumen (XLM) is one of the cryptocurrencies that was created to facilitate cross-border payments. Additionally, traditional financial institutions have also started creating their digital currencies and blockchain solutions, which could potentially compete with XRP.
Over the years, XRP has been adopted by several major institutions including American Express, Standard Chartered, and Santander. Ripple has also partnered with over 300 financial institutions globally to use XRP for cross-border payments. However, even with adoption, the coin still faces regulatory hurdles in several countries including the United States.
XRP price performance has been subdued over the past few years since the
Dogecoin price has been range-bound for the past few days as investors weigh up the recent banking crisis on fears that the global economy may be headed into a recession. The meme coin has jumped by more than 3% in the past week and gained 7% in its year-to-date price. Dogecoin ranks as the 8th largest cryptocurrency by market cap after Cardano and before Polygon.
Fundamentals
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