In the previous article the author has discussed about the predicted Dogecoin will experience rapid growth in 2018. And on occasion this time the author will explain a potential other altcoin is very worthy for you choose as a means of investment in this year the dog of the land, namely Ripple. Here are some of the reasons underlying Ripple as altcoin options:
As of this writing, Ripple developed since 2012 is a cryptocurrency with the third largest market capitalization. Just below the capitalization of Bitcoin and Ethereum. Even since the end of December 2016, Ethereum and Ripple alternately are in the runner up position.
Throughout the year 2017, Ripple is one of the cryptocurrency with a fantastic price growth, which reached 30000% (thirty thousand percent). Far exceeds the growth of Bitcoin and Ethereum. In early January 2017, the price of 1 Ripple (XRP) ranged from US $ 0.006. And at the end of December 2017, Ripple is quite stable at a price of US $ 1.6.
At a price that is still very low for the popular cryptocurrency size, supported by the presence in the ranking of 3 of thousands of existing digital currencies, Ripple is psychologically the most attractive option in the eyes of the beginner investors. Compare with Bitcoin whose price per unit is in the level of tens of thousands of US dollars and Ethereum that has penetrated the price of 1000 US dollars.
Basically cryptocurrency is in the form of software or computer application that continuously from time to time must be developed and perfected.
There is cryptocurrency whose development is highly dependent on the volunteers' share. But there is also professionally developed cryptocurrency with strong capital support and human resources focusing on developing the cryptocurrency. Ripple includes cryptocurrency developed professionally by Ripple Labs and got a lot of funding support, one of which is from Google.
The cryptocurrency technology developed by Ripple is the best at the moment. One technology developed by Ripple will bridge the payment issue between the digital currency and the existing banking industry.
In general, a cryptocurrency can only make payments to cryptocurrency purses of the same type. So for example, you can only send a payment in the form of Bitcoin to the Bitcoin wallet.
If you want to make a payment to a bank account in US dollars using Bitcoin, then first you have to sell your Bitcoin in exchange and get a dollar, then you transfer the dollar to a bank account.
Because Ripple technology promises a solution that also benefits the banks, it is not surprising that Ripple developers get a lot of support from the world banking industry.
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