Altcoins
Will Ripple XRP reach $1 as 2018 ends now? deVere CEO says yes
Ripple is showing positive signs for a bullish trend at the moment and the CEO of deVere Group, Nigel Green believes that the price of XRP could move above $1 before the end of the year.
Ripple’s XRP is the third-largest cryptocurrency and has a market capitalization of $21 million at the press time. Green believes that Ripple is well-suited for the surge and anticipates Ripple’s utility to increase for more adoption by many FinTech companies and organizations around the world.
Green also stated this: “Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for businesses, organizations, and individuals.”
deVere Group CEO continued,
The use of XRP is set to increase, and naturally, this will positively impact its price. I think it is likely that we’ll see it hit the $1.00 price level before year-end. It could even be double this in 12 months’ time as XRP adoption and usage soars.”
Nevertheless, Green made his prediction due to the way cryptocurrency is changing the world today concerning the finance and money transfer. Ripple (XRP) has already shown it can revolutionize cross-border payments and global finance.
Recent Ripple Strides
Ripple is changing the way cross-border payments are being done, and this has become a top solution for global remittances. Trust payment firms such as MoneyTap and TransferGo has adopted Ripple’s technology.
Additionally, Ripple will be launching one of its products, xRapid in less than a month now, but a specific date hasn’t come up yet on when this product will be launched. It is important to know that the announcement of this product was revealed by the Sagar Sarbhai who is the Asia Pacific and the Middle East regulatory relations head at Ripple.
Also, XRP is set to become one of the main medium of payment for a new technology startup company known as Coil (in fact the platform has already started functioning). Coil, a startup company based in San Francisco has taken on to create a new platform to help contents and its creators.
It is important to know that Coil makes use of Web Monetization protocol to pay content creators. Coil also aims to use Interledger protocol “which means that you’re not tied to any currency, token, or single company.” The company further said this:
“We’re going to start off with background on Interledger and Web Monetization before diving into how to use it yourself. The project aims to address slow block finality, high transaction fees and unsophisticated payment channel constructions that exist within blockchain payment solutions today. The team is building a decentralized payment network leveraging Interledger for clearance and is actively working on an Ethereum plugin for the protocol.”
Ripple also is experiencing a sell-off as Jed McCaleb, Ripple’s co-founder has decided to increase the sale of XRP tokens he possesses. It is also worth noting that that within a week, ending Wednesday (September 26th, 2018), McCaleb increased his token sell-off to over 500,000 XRPs. Even though McCaleb’s sell-off seems massive at the moment, it has affected the price nor the market activity of Ripple.
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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.
Photo by Jack Harner on Unsplash
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