Before talking about the future of these coins let us clear some facts about decentralized and centralized coins.
Bitcoin, Ethereum and other top coins are basically decentralized coins which means its price is not governed by any government. But, what is Ripple? It is basically a centralized coin which was created by our banks. Why did they do that? Allow me to have your good attention and explain.
Banks have most of the money of the world with them. Am I correct?
If bank want, they can buy Bitcoin and Ethereum in bulk. Am I correct?
But if they would have bought it when the prices are high, they would have got very small amount of these coins according to high market price.
So what they did is they made a coin for themselves and named it Ripple. Now, since banks are the most trusted entities who we know and blindly trust them with our assets. We accepted a centralized coin in the market. We accepted the fact that our transaction in banks can be done with Ripple easily. We also assumed its price might reach up to $50 to $150.
BUT!!! There is something massive going on too. Once again I would like to gather your attention seriously.
Right now Banks will not invest massive amount in Bitcoin and Ethereum. But they will sell out there Ripple out with its gradually increasing price. In January it had a drop and by today morning it went again up to $0.7. And I believe it will and for sure reach good value within 2018. We are surely going to enjoy this year in Ripple.
But!!! We are spending all our decentralized coins in buying a centralized coin because banks are a trusted entities for us.
What happening is the owner of Ripple, who has 5.17 Billion Ripples is selling out and is collecting all the decentralized currencies. Once they collect major amount of decentralized currencies is within their grasp, it will be harder to earn them and prices will go high and high. What we will get is good values for Ripple in coming days, weeks, months, years but the owner of Ripple will be the one holding most number of Bitcoin with them. And once again the power of freedom will be lost.
Save your Bitcoins. Don not panic. That day is not far wen it will reach a million $$$.