XRP will reach $100 in 2018
RIPPLE is seen as a cryptocurrency by financial professionals and experts are traded it for next bitcoin and ethereum.
Ripple is the name of a payment network and the payment protocol which powers it. It was developed and released in 2012 by a company of the same name, in order to enable “secure, instant and nearly free global financial transactions”. It is built on principles similar to those of Bitcoin, so many people consider it a cryptocurrency. However, unlike Bitcoin, the source code of Ripple’s technology is owned privately by the company, which means that it cannot be verified by any outsider. Ripple is a very popular network: many banks across the world use it as the basis for their own settlement infrastructure, and its native currency XRP (ripples) has been consistently present in the top 5 cryptocurrencies by market capitalization for the past several years.
Regardless of what XRP does in the short-term, several analysts were optimistic about Ripple’s future in the long-term.
Experts still believe Ripple has a strong future among mainstream traders who take investment cues from major media outlets.Ripple continues to increase it platform use and that will add value to coin.
With Ripple being the fastest and most cost efficient of the digital platforms it is no wonder why MoneyGram, IDT Corp and Mercury FX have aligned themselves here.
Ripple is currently listed as the the third most valuable cryptocurrency on coinmarketcap. It stands at $1.32 with a market capitalisation of $51,296,823,345 .
Market capitalisation refers to the total dollar market value of a company’s outstanding shares.
Bitcoin cash, currently ranked fourth on coinmarketcap, would rise to third if Ripple was removed. Bitcoin cash is a fork of bitcoin.