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Is XRP Hitting $10 Wishful Thinking or Near Future?

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XRP
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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