After a week of Bitcoin hitting other cryptocoins on earth, Monday morning brought a much-needed dose of poetic justice.
The exchange rate of Ripple to USD is around $ 0.205670, or approximately 1.7% higher than 24 hours ago. Meanwhile, the Ripple- Bitcoin rate appreciated 5.83% to 0.00002838 BTC.
The value of an XRP token in a BTC token may seem very small at this time, but that should not matter to investors. Percentage gains are what you're looking for.
For example, if you put $ 10,000 in a penny stock worth $ 0.25 per share, you would only need it to reach $ 0.50 to have your money doubled. In comparison, an action of $ 200.00 would have to reach $ 400.00 for you to double your money.
Either way, the $ 10,000 becomes $ 20,000 (regardless of whether the unit price is $ 0.50 or $ 400).
Generally speaking, it is easier to grow from a lower base. That's what makes penny stocks so attractive to investors. Investment has a psychological component, and that part should not be ignored if you want to make money in the capital markets.
However, the direction of long-term prices is driven by fundamentals ...
... and the fundamentals of XRP are great.
For example, Ripple is establishing a foothold in the Asia-Pacific region. Its outposts in China and Singapore were formed to create lasting alliances there, which is key to destabilizing the market leader in settlement technology: SWIFT.
As far as we can see, this means that the volume of the ledger could double or triple during the next year.
Analyst Toma:
We firmly believe that there is a fundamental case for our Ripple price prediction of $ 2.00. All that remains is that the rising XRP prices induce a series of positive news about Ripple, which in turn would raise investor awareness of the long-term trajectory of the currency.