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Is XRP Hitting $10 Wishful Thinking or Near Future?

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XRP

Predicting the prices of cryptocurrencies has become one of the biggest trends these days. Many crypto experts and enthusiasts are looking towards the future and hoping that their favorite coin becomes the next big thing. XRP is among the cryptos that are getting the most attention, and many are interested in what might happen to this coin in the next 5 years.

Ripple (XRP) is among the top coins these days, at least when it comes to rank. According to the CoinMarketCap, Ripple currently holds the third place, and it is exceeded only by Ethereum (ETH), and Bitcoin (BTC) which still refuses to leave the number one place in the market.

Ripple has, obviously, done very well for itself when it comes to stats, despite the low price and a lot of controversies that have been surrounding it recently. The XRP enthusiasts still believe that investing in this coin is the smartest decision right now, while the price is still low. Currently, that price is $0.445274 per unit, but a lot of experts believe that this is only a temporary thing and that Ripple is bound to skyrocket before long.

This is not an unusual thing to expect, considering that Ripple is still a very young crypto. Despite this, it managed to develop rapidly, and it created various products that have turned it into a go-to crypto for banks and financial institutions from around the world.

XRP’s journey so far

Ripple’s development has been fast ever since the coin first showed up in early 2017. Back then, it was valued at $0.0064 per coin, and in less than a year, it reached $0.8. Before the price drop at the beginning of 2018, many experts believed that XRP will reach, and maybe even surpass $9 per coin by the end of this year.

With the current situation, we can probably assume that this will not happen, but that doesn’t mean that Ripple will never reach those heights. In fact, many believe that Ripple has what it takes to go far beyond $9 per unit. Of course, it is not expected to beat Bitcoin, with its bottom being over $6,000, but it might just be capable of continuing to hold the 3rd place on the crypto market.

As mentioned before, Ripple has managed to do a lot in its short time, and its goal has become to revolutionize the financial industry. It started making connections with banks and financial institutions around the world, and it soon became one of the most trusted cryptos in this area. A lot of its efforts include the creation of better payment solutions that might improve the international transactions, and as far as anyone can tell, Ripple already did that with a lot of success.

Of course, its systems are still not fully trusted and are being tested by large names like Western Union for a while now. Still, the coin has proven to be necessary in the modern world, which has basically made sure that it will have a bright future ahead of it.

Ripple price predictions

Ever since the price drop at the beginning of the year, Ripple has been relatively stable. It did have a few ups and downs, but its oscillations were a lot tamer than those of some other coins. This has proven that Ripple has stability, which has caused a lot of investors to turn to this coin, believing that it can only go up from here.

Ripple price forecasts started appearing all over the internet, and the majority of them has offered realistic predictions. The short-term viewpoint sees Ripple reaching $0.5 per coin, and holding on to this price for the time being.

As for the future, this is where things are starting to get a bit more interesting. Of course, predicting a price of cryptos is a very difficult task, especially when we take into consideration the fact that the crypto market has a mind of its own, and it doesn’t usually follow these expectations. Still, some brave souls have dared to make estimations regarding where Ripple might end up in the next couple of years.

Many of these predictions see Ripple reaching larger heights than ever before, with the coin being expected to reach the value of $21 in the next year. After that, things are expected to slow down a bit, and while Ripple is expected to continue to grow, its price by the end of 2021 is only expected to be $27 per unit.

The two years after that, however, are expected to see Ripple go higher than ever before, and maybe even reach its full potential. The price predictions estimate that Ripple might be capable of reaching up to $70 per coin, and possibly even exceeding this value. Compared to its current cost, this would mean that Ripple will make a +15,710,00% increase.

Of course, this is still far in the future, and predicting the crypto prices is anything but certain. However, we should bear in mind that people that are making these forecasts are crypto experts after all, and if anyone can read the unpredictable crypto market, it is probably them.

For now, Ripple has its hands full with trying to perfect its products, resolve controversies, and ensure the stability that so many other cryptos lack. It will certainly be among the coins that will survive the crypto extermination that is also expected to come, and after that, experts believe that Ripple will rise like never before. In the end, a lot is expected of this coin, and many hope to see it becoming a world currency someday.

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

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.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

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.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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