2019 has only just started, and already, crypto investors around the world are optimistic about the future of many cryptocurrencies this year. While a lot of crypto issues are expected to be resolved, and many coins are likely going to have an eventful year, the community is very much interested in what to expect from the coins at the top, especially XRP.
XRP, for example, has been the second largest coin by market cap for almost two months, until it lost the position to Ethereum on January 2nd. However, while ETH may have made a comeback after dropping in November’s market crash, this doesn’t make XRP a bad coin.
XRP’s 2018 performance and issues
It is no secret that XRP had a lot of issues to deal with in 2018. The coin was accused of being security numerous times, not to mention several lawsuits against its parent company. XRP was also accused of being centralized, which Ripple Labs worked hard to prove wrong.
However, at one point, the situation turned. XRP became quite reputable, and while there are still those who are skeptical of its nature or future, it is currently doing rather well, considering last year’s events.
As many are aware of, XRP is the coin meant to be used with Ripple Labs’ payment products, such as it’s biggest current hit — xRapid. The company is dedicated to providing quick and cheap payment solutions that can make international payments nearly instant. Considering the dire need for upgrading current payment systems, which often take days to complete a single transaction, many banks around the world were quick to open up towards the possibility of integrating these products into their everyday businesses.
As a result, over 120 banks and financial institutions from all corners of the world have partnered up with Ripple, and this is one of the things why XRP is guaranteed to have a bright future. Without XRP, Ripple’s payment products do not work, meaning that the coin has already found one way of going mainstream, and many expect it to be the first cryptocurrency to do so.
Thanks to these possibilities, as well as Ripple Labs’ pretty good reputation, XRP has managed to make significant progress even while losing value in 2018’s bearish market. It also manages to keep competition under control, as no other coin attracts banks as much as XRP.
XRP in 2019
So, what does all of this mean for XRP’s future? Well, the first thing that should be noted is that Ripple’s and XRP’s actions in 2018 managed to set an excellent foundation for the coin’s future development. There is always room for improvement in the crypto world, and Ripple is expected to partner up with more banks, remove the potential issue, and maybe even launch new products this year.
It is currently among the fastest coins on the market, being able to complete transactions in only 4 seconds. In comparison, ETH takes over 2 minutes to do the same, while Bitcoin can take more than an hour. And, as mentioned, traditional payment systems rarely complete the process under 3-5 days. XRP’s biggest current competitor is Stellar, which can do it in 3 seconds. Also, the coin can handle around 1,500 TPS, and it can be used for making transactions at any time of day and night.
Meanwhile, Ripple’s CEO, Brad Garlinghouse, remains optimistic of the coin in 2019. While nothing can be claimed with certainty when it comes to crypto, many believe that this might be a true year of crypto. The hype of 2017 is now in the past, and many are hoping that the same can be said for last year’s price correction. In other words, crypto is now supposedly free to advance at a steady pace and expand truly great projects into the coins that will dominate the future of payments.
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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.
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What Changes May the Crypto Space Experience in 2019
After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.
However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.
Bitcoin ETF approval
The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.
Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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