Connect with us

Blogs

Ripple (XRP) 2019 price prediction: $10 more than a possibility

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

Apart from being the third biggest cryptocurrency in the world, Ripple (XRP) just like other cryptocurrencies has been experiencing a slump in price. Even after hiring Cory Johnson, Ripple’s new head market strategist, XRP still seems to be struggling to appreciate in value. Many analysts had predicted that XRP prices were going to witness some increment in the crypto market, but unfortunately, this is yet to happen.

Despite having support and significant partnerships, Ripple dismal performance is attributed to a court case they lost against a major company that started the negative price trend that has never been witnessed since the inception of the digital coin.

Experts are bullish about the Ripple (XRP)

Many analysts are confused why Ripple (XRP) prices started sinking after the announcement of Cory Johnson. We are still trying to find a correlation between the sinking in price and the appointment of Cory.

Through a media statement, Cory assured the public that he is working round the clock to explain the poor performance from Ripple’s end and is working tirelessly to come up with new strategies that are going to mitigate the current situation and propel the digital coin to more positive momentum.

The total worth of Ripple is $49 billion, but given the volatile nature of cryptocurrencies, XRP is experiencing a considerable number of peaks and depressions when it comes to value. But despite XRP’s dismal performance Roman Guelfi, a respected crypto expert, believes 2019 is going to be the year when XRP will excel hitting notable prices. Following is what he had to say;

“Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019… As the market observes more projects being coded in other algorithms such as XRO, ETH will likely take a backseat to the next big coin/token… It will take some time for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place”

Brad Garlinghouse, Ripple’s CEO, on his part is documented saying that Ripple (XRP) intends to comply with regulators as well as work with them to drive the digital coin to progress. The main brain behind Ripple says;

“It is incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system… The blockchain revolution is happening from within the system it’s not going to happen from outside the system”

Reasons why it’s okay to be bullish about Ripple

Despite the experts feeling positive about Ripple’s performance in 2019, some other factors could send Ripple through the roof in 2019.

One of the factors to consider is, Ryan Zagone, one of the top executives of Ripple, got elected into the Faster Payments Task Force of Federal Reserve just recently. This inclusion could prove to be a big deal for Ripple as it demonstrates when it comes to international payments, Ripple posses a bright future.

Ripple (XRP) is not saturated by 100% (as like many other cryptos). Just imagine where the coin would go if it reaches the 100% saturation. Ripple’s market capitalization sits at around $20 billion currently, in case the currency marks $29 billion for market cap, and then if we divide the coins in circulation that could make it possible for Ripple (XRP) to hit $10-$15 price easily.

$10 trillion travels via SWIFT, the system used for international financial transfers, daily. Ripple’s CEO, Brad Garlinghouse, expects dozens of banks to join Ripple network in 2019; as many financial institutions and banks start using Ripple (XRP) for currency exchange and past payment settlements worldwide, Ripple will have a good share of the SWIFT’s $10 trillion, which could affect the value of Ripple’s virtual currency XRP positively.

Not only is Ripple (XRP) one of the most significant payment platforms in the market but also, it is one of the leading virtual currencies in a market full of virtual currencies with new ones popping up every day. This is not news.

Pundits and virtual currency analysts point at Ripple (XRP) when asked about the cryptocurrency that has the most potential today and beyond. After the market leader, Bitcoin, there is no clear-cut second placeholder. It might mean that we start to experience the upsurge and consolidation of Ripple (XRP).

Given the fact that XRP is currently valued at $0.49628 and we are already halfway done with 2018, it might look outrageous prediction but if you consider the possibilities surrounding Ripple as we step into 2019, it comes next to the reality that the crypto could hit $10-$15 price point in 2019 with ease.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pxhere.com

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Elite