2018 will be the year of the altcoin, growing the market while continuously chipping away at Bitcoin’s dominance. This altcoin mania has already begun; it’s prime target: Ripple (XRP).
CNN Money has dived into the alternate cryptocurrency, toting on it’s “control” and inability to be mined. This should bring forth the cautious, everyday investor into the cryptocurrency markets. While they skim the surface in this article/video, here are the heavy hitting reasons why Ripple is a long-term winner.
Large Coin Supply – This will allow individuals to more easily utilize and understand, rather than daily use of the high value coins (using 1 XRP vs. 0.00020439 BTC).
Anti-Manipulation Protection – Along with the large supply of coins comes the additional manipulation protection that is largely needed in the cryptocurrency space. The large sum of coins, including those being released in escrow over the next 52 months, protects the currency from a few key players heavily manipulating the currency’s value.
Industry Backers – Financial industry players, particularly those in Japan and South Korea, have already come out in support of Ripple. China, Russia, and the US will be soon to follow (watch JP Morgan).
Look out for the altcoin this year; and HODL on tight.
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As always, the information in this post is not investment or trading advice; the information held is an opinion piece on the subject matter, supported by linked references.