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Ripple to reach $334 per XRP in 3 years. Outrageous prediction?

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The cryptocurrency market has characterized as being anything but rational, a fact that sometimes makes us all, as users, a little disconcerted with movements in the prices a bit harsh to read. That is currently the panorama for many virtual coins in the market that apparently out of nowhere, just happen to hit the moon with their prices and we don’t even understand why.

Of course, most of the times this is spurred by a bunch of speculations that not in all the cases end up being right. But would it be real the forecast going around (watch the video I stumbled upon, right below) that Ripple (XRP) could hit the $334 mark in a timeframe of 3 years?

Well, even though it sounds crazy, there are a couple of reasons to believe this could be a fact. Let’s find out why many experts are assuring Ripple will hit the moon very soon, and the same way, what are the main arguments behind the asseveration!

The sector of the industry Ripple aims to tackle

The mission of Ripple is one very ambitious; the company seeks to resolve the main problems the banking system has not been able to after all this time.

The SWIFT system has proven to make the customer experience very poor, meaning long periods of times are necessary to make a transaction, and of course, high fees are charged per operation.

Ripple plans to solve all this by reducing at least in a 40% the inefficiencies of the 24 trillion dollar market, an action of which of course it will get retribution.

It is expected like this, that Ripple gets at least a 10% out the $24 trillion market once implemented its solutions, and another 10% just in fees. So we would be speaking of at least $4.8 trillion of income, a number that of course would shoot the coin to the moon and beyond.

Likewise, the $334 value prediction is more than justified. If Ripple were to be adopted by a notable number of bank entities then others financial institutions will succumb as well as they would not want to lose clients because of other entities offering a more efficient service.  And if a mass adoption would happen among banks, Ripple would be valued even above the $334 mark.

The possibilities of coin burning

Most of the people just assume that Ripple would never be inclined to burn coins, but as a matter of fact, Ripple is likely to deploy a coin burning in the long term.

We have already considered the fact that Ripple would possibly be adopted by a large number of bank entities around the world, if not the entire banking system.

Well, in a scenario like this the company would be inevitably directed to a massive coin burning and be considering a case like that the price of the coin could even get above 500 US dollars.

A massive adoption by exchange platforms

To conclude, right at the moment when Ripple starts to be adopted by bank entities it would become incredibly appealing for several exchange platforms across the globe. Meaning that it will gain an outstanding validation at large, and consequently, a remarkable place in the crypto sphere.

In the end, the prediction is not that outrageous after all. But something to keep in mind always is that investing in any cryptocurrency includes as well an inherent risk. So be sure you only invest what you would be willing to lose!

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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.

Image courtesy of Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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