Launched in 2012 as a currency exchange, remittance network, and a real-time gross settlement system (RTGS), Ripple (XRP) also known as Ripple protocol or Ripple Transaction Protocol (RTXP) is based on a shared and public ledger or database. Many financial institutions broadly adopt XRP, payment networks broadly used by many respected firms such as UBS, Santander, and Unicredit. Ripple undoubtedly has some advantages over other significant virtual currencies like bitcoin.
It is true that this cross-border payment system is one of the most popular digital currencies in the realm of virtual currencies. One of the main advantages of Ripple (XRP) is that it does not have common drawbacks such as high transaction rates and long transaction times. However, although having great benefits, the market environment at the moment has been and continue to value the price of Ripple way too low.
According to evaluations made by cryptocurrency market experts, the future of this precious digital coin is quite bright in the coming years. But the question stands when we will start seeing Ripple’s XRP prices to surge?
Ripple (XRP) in the remaining months of 2018
Many wonder the course Ripple (XRP) is going to take in the remaining months of this year. Ripple is still the third most significant virtual currency by market capitalization. While those near the cryptocurrency blockchain shower praise for all that is done to make Ripple (XRP) significant for real-life uses, there are some who are still looking for answers.
For example, many users are still not sure of the role and relevance of Ripple Labs in XRP’s performance. Also, we didn’t know the verdict of the court case that was being investigated whether Ripple (XRP) is a security or not just a couple of days ago. We know now though, and it’s that Ripple (XRP) is not a security. Great.
With that said, Ripple could witness drastic positive price change in 2018 in spite of the negatives and the lingering questions (those are getting answered nicely on the way) attached to it. There is no doubt Ripple’s benefits outweigh the negatives, and this could be the reason why XRP prices would surge later in the year. Some of the reasons I believe might affect Ripple prices this year include:
- Easy access to Ripple. Ripple is everywhere as the digital coin is listed on several major exchanges, including Revolut, UK based cryptocurrency exchange.
- Ripple proposes to cure some of the financial sector’s most vexing problems that include high transaction fees and slow transaction speeds.
- Ripple keeps expanding its partnerships with the last one being announced a few weeks ago. On 26 May, Kuwait Finance House (and then just a couple of days later, National Bank of Kuwait) publicized that it had signed an agreement with Ripple to commence usage of RippleNet.
- Ripple seems to continually make the news headlines, announcing one project after another. A few months back, Ripple made public the Xpring initiative at this year’s Consensus. Additionally, Ripple’s xRapid continues to shine, making massive advancements in the financial sector.
Ripple continues to have enormous influence on the global virtual currency market. With its recent development and partnership in a market where market segment determines volatility, its recent progress would only further improve its value.
Although it is hard to pinpoint a specific date when Ripple’s prices are going to surge, but looking at partnerships like Santander deal, a consortium of 60 Asian banks who are looking into the possibility of developing an application based on Ripple’s technology, and several financial institutions worldwide, we can only say that the near future of this digital coin looks very promising. There are over 1600 virtual currencies in existence today, but there is no doubt that Ripple is one of the coins leading the pack. So, its prices are more likely to surge soon, the rise might not occur in a rush – but it will.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
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Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
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