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XRP could skyrocket above $50 if Ripple gets 10% of SWIFT’s business

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As we all know, Ripple is a blockchain protocol that aims to solve real-life problems such as enhancing cross-border payments. Nevertheless, we also know that SWIFT is handling the world’s remittance payments. SWIFT has about 200+ countries registered on its network. Given that, Ripple is now seen as the biggest competitor to SWIFT at the moment since it provides a faster and cheaper means for cross-border because of its blockchain technology.

Ripple’s powerful technology is now being adopted by banks and other FinTech companies in the world today. Subsequently, there is a striking point that emphasizes that if Ripple could get 5-10% of SWIFT’s business, its price could skyrocket overnight. In this article, we will make a critical analysis of the price mark of Ripple’s XRP, if it attains certain percentages of SWIFT’s business.

Detailed Analysis

The market price of Ripple’s cryptocurrency, XRP, is about 26 cents and the last 24 hours volume is 192 million. On the other hand, SWIFT’s annual volume is about $1.25 quadrillion – that’s about $4 trillion per day. However, if Ripple (XRP) can manage to increase its volume and attain a volume per day the same as SWIFT, we should see a ‘big boom’ in its price.

Nonetheless, from Ripple’s historical data – its highs and lows, Ripple’s XRP average price fluctuation and daily volume within five years is about 7.25% and 191 dollars. If Ripple becomes mainstream and gets just 1% percentage of SWIFT’s business (using SWIFT’s daily volume of about $4 trillion), Ripple’s daily volume would be $47,892,720,306.57, and its price tag would be about $5.57/XRP – this price has the probability to go up if there is a high demand for Ripple.

Also, if Ripple gets 10% of SWIFT’s business, Ripple’s daily volume would be $478, 927,203,065.13 or somewhere near the figure, thus, making the price of XRP to stand at $50 or more.

Furthermore, suppose Ripple if gets a 100% of SWIFT’s business (you never know, emails have replaced posts by almost 100% now, Ripple somewhat is the what email was to post when it started), there will be 25,000 times increase in the volume of XRP. The price of XRP would be $526.96.

These results seem astronomical, but they can be attainable. Ripple can become the only cross-border solution in the world. Moreover, Ripple’s team is doing all it can to improve its technology,  and to offer a better solution for cross-border payments all around the world.

Final Words

Ripple continues to work hand-in-hand with lots of FinTech companies today; not only that, but it is also making its token (XRP) to be at the top of the market.

XRP stands at the price mark of 26.7 cents at the time of writing, but there is a high possibility that its price will increase soon, given the fact that it has become the best choice for banks and other financial institutions. Once the world’s financial sector recognizes Ripple for its global remittances, its token (XRP) price may surge to $50 or more.

XRP has become the third largest cryptocurrency in the crypto sphere today and we shouldn’t be surprised if it becomes the next big digital asset in the market. But as things stand now, all this is nothing more than ‘an imaginary’ calculation.

For such good things to happen, Ripple needs to mark an incredible leap in the global adoption. But, as Swift system is not scalable enough with the modern-day volumes and speeds, there is a good room for Ripple blockchain technology to snatch a good portion of its when it comes to cross-border payments worldwide.

There are almost 8000 banks all around the world, just imagine if only 1000 of them switch to Ripple from Swift, what would be the price of Ripple’s XRP then? Yes, $50 per token might not be the price then, but it will be far more than what it’s now.

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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.

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Is there a Real Value to Binance Coin (BNB)?

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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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