Ripple [XRP] price prediction 2018: Ripple Price Today
Ripple [XRP] is the third largest cryptocurrency by market capitalisation. Due to its low token price and large volume of transaction, it is considered to be one of the best long-term investment options. However, lately it hasn’t been performing as well as it has in the past due to the bearish markets trends.
Ripple price today
Ripple has shown a decent performance today after having a devastating crash a few days earlier. Though the coin managed to climb in price during the first half of the day, it has put itself on a downward facing graph post 6:00 UTC. This has ultimately brought down the coin’s value to $0.4603, reducing by 68%. The trading volumes have also taken a hit s hey have reduced by 26% since the beginning of the day.
Ripple price prediction 2018
Cryptocurrency experts from all around the world have predicted that Ripple will break its highest price of almost $4 by the end of this year. As seen from the year 2017, all cryptocurrencies has a huge upsurge in value during the second half of the year. Especially, the fourth quarter proved to be highly profitable for almost all cryptos, where they reached their all time highest prices.
If the trend repeats itself this year as well, we can not only see Ripple crossing its previous high, but it could also touch $5 very soon. But, you could be wondering what makes us say Ripple price will soar high in the next few months. Here’s why.
Ripple has been adding new clients to its community on a regular basis. Not only that, but several financial structures and banks are thinking of adding Ripple as a means of payment and withdrawal all around the globe. As its community and user base grows, the coin which is currently undervalued will easily be the first choice of investment for crypto enthusiasts, even ahead of the big names such as Bitcoin and Ethereum.
— Ripple (@Ripple) June 27, 2018
XRP price prediction 2020
Ripple is considered to be one of the most stable and secure payments networks in the world. Since the coin is priced low, its value doesn’t vary much even if the some of the biggest cryptos take a beating.
This ‘stubborn’ nature of Ripple is the reason why crypto analysts predict that the coin will have an exponential growth in the coming days. Since it is one of the best long-term investment option, it can have a steady and continuous growth for several years to come.
Coming to the technological efficiency of Ripple, it implements the Gateway medium, which serves as the link in the trust chain between two parties wanting to make a transaction. Gateway is the credit intermediary, the one in charge of receiving the funds to public addresses managed within the Ripple platform. In Ripple, anyone can sign up and open a gateway that authorizes that person to be the middleman for exchanging currencies.
All these factors are in the favour of the coin, due to which it can reach $10 by the end of 2019 and between $20 – $25 at the end of 2020.
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