Bitcoin has slipped below 7000 again, and it looks like that the volatility is not ending anytime soon. This is the way in which we foresee the cryptocurrencies behaving for the next few quarters. As far as we are in consideration, we are making all efforts to safeguard our customers. In an ecosystem that is full of chaos, we are looking for a sense of reason.
This is why we are banking on Ripple. Ripple is currently trading at $0.41. Discounting the spike between December and June, the prices have ranged in early to mid-40 cent range. That bullish run was due to the overall bullish crypto market. So, for all practical purposes, if we buy XRP at around $0.40-$0.45, we are buying them at their current ‘correct’ value.
OiX has taken the decision to put its weight behind XRP coin for the reason of stability. We see XRP gradually increasing to a ‘correct’ value of $1.25 by mid to late 2019. This is an opportunity for those who missed out on the crypto boom to get in at a reasonable price and still post a profit of around 100% or more in about a year’s time.
Just a few days back, XRP was added to Bitcoin Superstore which means those holding XRP can purchase from over 200,000 online retailers. Such isolated news items will keep coming through the next year, and we see these initiatives driving up the price of XRP.
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