In 2017 XRP had an increase of over 30,000%. At the beginning of 2017, XRP was traded at a price of 0.006 cents, and by the end of 2017 the currency was trading at 1.9 USD. A really impressive figure.
More specifically, who invested in the early 2017 in XRP, 1000 usd, had at the end of 2017 approximately ..... usd. Make a calculation and you will be amazed. None of the world's capital markets can offer such annual returns. Such returns can only be achieved by margin trading (Forex, Gold, WTI Oil or Futures). But who has the courage to keep a position for a year on those markets? That's why I like Crypto Market and especially XRP.
And yet, beyond these stunning figures, what has caused these amazing gains are the fundamental data of Ripple. Ripple is fundamentally one of the best coins on the Crypto Market. Ripple has the largest and best team of developers among all the coins on the Crypto Market. Ripple's cross-border payment technology is currently being tested by over 100 banks.
Recently, Cuallix and Money Gram have announced they will use the XRP currency in cross-border payments. Using XRP in cross-border transfers will reduce their cost by 60%. Also, the time that a cross-border transfer will take place will be 4 seconds. At present, a cross-border transfer takes 3-4 days. That's why I am convinced that XRP will exceed this year, Bitcoin's growth. Below you have a comparative picture of XRP with other currencies.
This year, XRP has real chances to become the number one on the Crypto Market. Many people are skeptical when they hear this statement, but if we look realistically at the comparative table and accept that Bitcoin has a lot of problems, he might come to my conclusion.
If you're comparing like that, XRB and even STEEM is better than xrp. The majority of XRP is owned by a few. Only around 8 billion xrp is circulating and the two biggest holders own more than the rest of the circulating supply.
(By circulating supply I don't mean the circulating supply in cmc, I mean the actual circulating supply that is regularly traded)
Can you tell me the source of the affirmations? Any stupid article on the internet? You should check this information on the official Ripple site. Most coins (55 milliards) are currently placed in the Escrow. They are not owned by some people, but by Ripple. :-) My portfolio also has SBD.
Based on XRP's designated use, what circulating supply do you see as being sufficient to serve its customers?
I think XRP has more upswing potential than BTC.
And I believe that.
Sorry im not agree , you should know that BTC drive and controle all coins even the XRP so if BTC rise XRP will rise and if BTC decline XRP will decline too so BTC better
Indeed, when BTC has large declines it influences the entire market including XRP. When the first use of the XRP currency in cross-border payments is announced, XRP will increase even if the BTC remains at the same price. Increasing XRP in percent (%) will also be higher than Bitcoin growth. XRP can reach this year at 7-8 USD while Bitcoin is likely to not exceed 30,000-40,000 USD. I seriously doubt that BTC will grow more than XRP.
Maybe but I don't see that continuing into the future. Often when I see charts that are posted in articles showing the percentage gains of 4 or 5 coins, XRP is off by itself. As time goes on and the crypto space matures, there will be a few coins or tokens that move out from under bitcoins shadow because they are serving their respective target markets.
There are many factors that play into prices but take the LTC/BTC chart on Gdax. It has remained at or around .016 BTC during bitcoins dip while LTC/USD has fluctuated.
people got high hopes for XRP, crazyy :D
There is nothing crazy about it. That's what someone said when the XRP was 0.20 usd, and I said it would reach 1usd. And here's XRP had a maximum of 3, 2 usd. So ...? :)
Ha ha ha, good predictions ! Any "heads-up " for the next time Ripple will go up?
No one can accurately determine the time when XRP will jump up. In about 6 months, it will exceed the previous maximum and will reach 4.5-5 usd.
Fingers crossed!
yes very true and nice one man, you got them accurate predictions ;) haha
Check out this post, if you want to know, if Ripple will be $100 or $1000 one day! Also, don't forget, that you can be easily rapped by Ripple!
No offense! I agree that XRP will never reach 100 or 1000 usd. Do not forget that Market capitalization is a simple figure. When XRP was 0.20 usd, many people said it could not reach 1 usd due to Market Capitalization. Here he has reached 3, 2 usd. That's what many people thought about Bitcoin 3-4 years ago. Did anyone believe then, as the BTC will reach 20000usd? :) I do not doubt that XRP will reach 7-8 usd at the end of 2018 and prices over 10 usd in 2019.
I forgot to say I'm not a noob! :) I have over 10 years of trading on various capital markets.
As soon as these banks truly realize these gains and their profits increase, then xrp price will explode again and continue to grow for decades.
Agreed, it's also a matter of their hands being some what tied. Sure you can show them the 60% savings but they can't just dive into xRapid and expect all the other institutions to follow. First they dip a toe then splash their foot. After they are waist deep it's arms up on the side of the hot tube with a glass of champagne. At that point others will join.
For what reason tho? banks have no reason at all to purchase xrp... they are just in it for the xRapid software, and xrp is not a stock in any way, its not like company profits of the software will stream into XRP, even ripple labs themselves says XRP is just a speculative asset... so why would it pump outside of speculation? (Not hating, just a serious question)
They will join because its faster and they save money. To use xRapid software means they are using XRP. Banks only hold XRP for 3 seconds. They don't hold it like investors HODL, they can but that's not what XRP was designed for. A bank buys $140M worth of XRP, sends it to a bank in Mexico where it's sold for pesos and both banks are happy. XRP is the bridge asset, not the asset they are holding. Bitcoin and litcoin could be moved around in the same way as well. All that is required is the trading pair with XRP and enough liquidity.
No it's not a stock, you're right, they don't claim to be. In order for cross boarder settlements to take 3 seconds and cost less than a penny XRP needs liquidity. To achieve that there needs to be people buying and selling. It's a speculative asset based on the value people see XRP providing to Ripples customers. Hope this makes more sense.
And I believe that.
If the xrp proves itself to be sustainable and delivers on what it has promise then by all mean it could be the dominate centralize coin, if the banking system starts using it as the xrp as a faster process for wiring transfers then yes it can over take btc on market cap.. i dont see it coming close to bitcoin at value but it could fall somewhere between the $100-1000 per coin
Hard to believe that XRP will exceed 100 usd. Even if he succeeds in everything he has planned. Maybe over 7-10 years. Of course I do not totally exclude this fact, but on the realist I see XRP at a two-digit price for the next years.
Agreed. Can’t imagine a triple digit coin price. That evaluation would seem ridiculous.
Question is what value is XRP going to give it's customers? Ridiculous is just an adjective we use to describe things that are hard to understand. Bitcoin over a dollar was ridiculous and so was XRP. Look at what these coins and token could be used for and base a projection off of that.
Based on the amount of money in global nostro and vostro accounts, I don't see 200$ being too far fetched.
Ya I am glad I have some xrp.
So do I. My portfolio has 70% XRP.
Hahaha that makes me feel better at 60%. Good to know others are making the same bet.
Wow really? Mine is only about 2% xrp but thats ok with me.
Good, the best bet to make is the one your comfortable with.
Thank you for you information
Thank you @mihaisyblu for making a transfer to me for an upvote of 9.74% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
As I can see, many people can not accept that Bitcoin is an old King with a lot of problems. ; )
Do not forget that if the ripple will to burns coins, it can grow to 100$ or 1000$
hola que buen post, tienes mi voto saludos
hmmm nice.. but that can not be said about the rekt like us who invested when d coin was $3. m sure you dont wanna know how i feel because trade mainly. But among my investment, ripple should be among my least coin.
The first fraction of a bitcoin I bought was when it hit 900$ the first time. I knew I was going to make mistakes but I also knew that if I didn't own any I wouldn't be able to understand how it could be used. Buying the top sucks but it's all relative. I also bought and mined bitcoin all the way down to 200$. If you think XRP has a good use, you should be focusing on customers using it and not what the coin is worth.
You got a 2.95% upvote from @postpromoter courtesy of @mihaisyblu! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Sneaky Ninja Attack! You have been defended with a 9.70% vote... I was summoned by @mihaisyblu! I have done their bidding and now I will vanish...Whoosh
This post has received gratitude of 2.63 % from @appreciator thanks to: @mihaisyblu.
7.20% @pushup from @mihaisyblu
The big problem I see with Ripple is that there are 100B coins premined and 70% of them are in the hands of Ripple Inc and even when they are selling them the whole time, they plan to still have 50% of the supply by 2021... Isn't that some kind of "51% attack"? They have to power to manipulate the coin at their will
Man! You make me laugh! You should read more about Ripple and XRP. Your prejudices and handling theories will prevent you from making some nice money. There is no problem with the 100 billion coins. This huge number of coins has been created specifically to make cross-border payments. :-)
Congratulations @mihaisyblu, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1213 and the total pending payments to posts in this category was $12487.92. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
"But who has the courage to keep a position for a year on those markets?"
Those markets would be lucky to see that kind of return but not everyone can take the risk. I think about this every time a yearly percentage growth is referenced. When the measurement of a coins increase in value is 10 or 20x it's done in hindsight. The question is could you hold onto something after its doubled or tippled. Price predictions get people in this mind frame of numbers being associated to somethings value. With XRP in particular, it's value is realized by the customer when they use it. Sure XRP will have a price at that point but will it be 30x or 1,000x relative to now? Who knows. If you're in it for the USD and you are looking for a good time to take profits, sell a small percentage of your XRP after an event happens. Measuring XRP's value to it's functional use will be far more rewarding than selling it based on price movement. That being said, I can see XRP between $17 and $22 during 2018, but I'm still not selling.
With anything I think is a sure bet I do my best to play devils advocate. Why would XRP need a fluctuating market price? If Ripple wants stability why not build their networks and platforms the same way and just peg XRP at $100 or $200 and let the banks and FI settle transactions at that price. I am all for free markets, but in XRP's case, what value does it lend to the tokens function as a tool for cross boarder settlements?
I see you did not fully understand what I said in the article. When I made the statement: "But who has the courage to keep a year in these markets?" I have referred to margin trading markets, namely Forex, WTY Oil, Gold, Futures. On Cripto Market I have the courage to hold a position for years, but on those capital markets, no. At this point, no one can determine the value of XRP if it is used in cross-border payments. There are various opinions and theories, but they remain simple theories and opinions. The market, namely, demand and supply will really determine the value of XRP. I'm holding for years on XRP. I bought at 0.20 usd.
Got it, looks like we are in the same boat.
Agreed. Can’t imagine a triple digit coin price. That evaluation would seem ridiculous.
No doubt XRP have good potential but problem with Ripple is it is only targeting big financials institution....on the other hand stellar have much more potential than XRP because it is targeting big as well as small financial institution especially in africa continent and supply of XLM is limited to 1% per year. I see stellar as a better option over micro payment and remittance over XRP and.it is more competitive with XRP in term of transaction time and cost.
Perhaps, but I see Ripple doing something similar to what Amazon did. It's starting with something very specific like selling books. Once they were very efficient at that, they started selling other things. Once Ripple perfects cross boarder settlements I could see them working with national banks, then retail banks and businesses. Once the liquidity is there for the large FI Ripple can draw on it for other businesses that will use XRP to transfer funds from one place to another.