Cryptocurrency market is facing several ups and downs in 2018 january and market is starting to sttabilize again.Ripple wasthe 2nd largest cryptocurrency by the market capitalization after having 450% rise in the month of December 2017.
What is RIPPLE.?
RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology,which provides real-time messaging, clearing and settlement of financial transactions.
Ripple transactions are very fast and that is one of the major advantage of the cryptocurrency.The goal of Ripple is to
allow anyone to transfer money in any currency to any currency very fast.
If Ripple become success , it will replace most of the money trasnsfering companies like western union, uae exchange, SWIFT etc.
Ripple has been adopted by several large banks, including National Australia Bank (NAB), UBS and Credit Agricole.
American Express (AMEX) also joined hands with ripple to make the movement.
Due to wide acceptance of large investors and banks, Ripple id the 3rd largest market capitalization within the cryptocurrency standings at 60 Billion Dollars.
Based on the current information we have, we can make a few educated Ripple price prediction for 2018.
WHY RIPPLE CONTINUE ITS GROWING
1.Solid Technology is the backbone.
The transaction speed is very fast as compared to the market leader coin, thats Bitcoin.Ripple's transaction speed is
1500/second and Bitcoins speed is 7/second.
Ripple functions as a sort of middleman liquidity alternative in trades and allows two unique sets of different
currencies and worth to be traded.
SWIFT procedures are making USD 5 Trillion today and if ripple can replace it with less transaction cost , what could
be more convenient than this.
2.Ripple got Big Partners.
American Express will use Ripple and XRP to speed up their process.Ripple has a partnership with UK bank
Santander.15 of words largest banks are already partnered wit Ripple and 75 large Asian business group is set their
mind to work with Ripple.
3.Team behind Ripple is very strong.
Ripple Labs, the San-Francisco based company behind XRP, has been around since 2012, developing its blockchain-
based technology.Ripple CEO Brad Garlinghouse is a former CEO of file sharing service Hightail and was a senior VP
at Yahoo for 5 years.
4.Already got the Investors Attention.
With the high growth over a short period of time, Ripple become favorite for most of the investors.
Top Ripple Price Prediction for 2018
1)If Ripple added on Coinbase, It may hit $5 or even $8.
In this case it will be more accessible to public investors.So it may hit $5, $8 or even $10.
2) If Ripple Manages to Become Mainstream, It Is Possible to Hit the $10 Mark
3)Ripples own Disadvantages.
SCAMS is always an issue for any cryptocurrency and it will lower the trust of the members.Due to its massive growth,
we may expect the price correction.Lastly, its future supply of 100 billion coins may pose a hindrance to the appreciation of this currency.
How to make money with Ripple
You have 2 choices.
1.Buy now and sell tehm later for profit.
2.Trading Ripple through brokers.
How to buy Ripple
There are several crypto-currency exchangers that can sell you, Ripple for Bitcoin, Ethereum or plain old Cash.
Just to name a few: Bittrex,cexio,Binance.
You need to have a Ripple wallet , if you want to hold the ripple coins.There are 3 types of wallets available in the market.
1.Ledger Wallets (Security High)
https://www.ledgerwallet.com/
2.If you don’t want to spend 70 euros on that you can always use a desktop wallet.
3.Web Wallet(Less Secure, but fastest)
https://gatehub.net/
Conclusion
The future of Ripple is completely depending upon the number of adoptions by the banks .If more banks are ready to join with the Ripple, we may see a XRP skyrocket, all the way to moon.
As always, making a Ripple price prediction for 2018 is a very tricky subject, and its all based on speculations and calculations.Tell me your feedback if you are already a ripple owner or planning to buy some.
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