Trying to predict the future of Ripple
The cryptocurrency space has been very bearish for many of the cryptocurrencies apart from a handful of them in the year 2017. Also, the first quarter of 2018 didn’t prove to be bullish for the Bitcoin as well as other Altcoins. The cryptocurrency is ranked at the 3rd position according to coinmarketcap. It is the most widely adopted cryptocurrency by most of the banks and other financial agencies because of it’s Real Time Gross Settlement System and they consider it to act as a cost-cutting tool to their complex procedures.
It is among the cryptocurrencies which are said to give a tough competition to Bitcoin. Anyhow it can come nowhere near to Bitcoin in terms of its popularity and usage amongst the crypto community. Also until the cryptocurrency is not completely adopted by all the banks the price will keep fluctuating. Adding on to that is the fact that the cryptocurrency market itself is very volatile due to its low market capitalization, therefore, making Ripple difficult to reach new heights. The cryptocurrency market is dependent on the news and FUDs that any particular cryptocurrency can gain and a lot of value within a span of few hours or might even completely disappear from the list itself.
Can Ripple reach $1000?
Currently, the price is around $0.5 USD. For any particular cryptocurrency coin, the predictions can’t be made. The…
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