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Latest price predictions of Ripple: Expected XRP price as 2018 ends now

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Ripple XRP

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

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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