Why in 2018 will XRP still be better than the BTC?

in #cryptocurrency7 years ago (edited)

In 2017 XRP had an increase of over 30,000%. At the beginning of 2017, XRP was traded at a price of 0.006 cents, and by the end of 2017 the currency was trading at 1.9 USD. A really impressive figure.

More specifically, who invested in the early 2017 in XRP, 1000 usd, had at the end of 2017 approximately ..... usd. Make a calculation and you will be amazed. None of the world's capital markets can offer such annual returns. Such returns can only be achieved by margin trading (Forex, Gold, WTI Oil or Futures). But who has the courage to keep a position for a year on those markets? That's why I like Crypto Market and especially XRP.

And yet, beyond these stunning figures, what has caused these amazing gains are the fundamental data of Ripple. Ripple is fundamentally one of the best coins on the Crypto Market. Ripple has the largest and best team of developers among all the coins on the Crypto Market. Ripple's cross-border payment technology is currently being tested by over 100 banks.

Recently, Cuallix and Money Gram have announced they will use the XRP currency in cross-border payments. Using XRP in cross-border transfers will reduce their cost by 60%. Also, the time that a cross-border transfer will take place will be 4 seconds. At present, a cross-border transfer takes 3-4 days. That's why I am convinced that XRP will exceed this year, Bitcoin's growth. Below you have a comparative picture of XRP with other currencies.

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This year, XRP has real chances to become the number one on the Crypto Market. Many people are skeptical when they hear this statement, but if we look realistically at the comparative table and accept that Bitcoin has a lot of problems, he might come to my conclusion.

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If you're comparing like that, XRB and even STEEM is better than xrp. The majority of XRP is owned by a few. Only around 8 billion xrp is circulating and the two biggest holders own more than the rest of the circulating supply.

(By circulating supply I don't mean the circulating supply in cmc, I mean the actual circulating supply that is regularly traded)

Can you tell me the source of the affirmations? Any stupid article on the internet? You should check this information on the official Ripple site. Most coins (55 milliards) are currently placed in the Escrow. They are not owned by some people, but by Ripple. :-) My portfolio also has SBD.

Based on XRP's designated use, what circulating supply do you see as being sufficient to serve its customers?

I think XRP has more upswing potential than BTC.

And I believe that.

Sorry im not agree , you should know that BTC drive and controle all coins even the XRP so if BTC rise XRP will rise and if BTC decline XRP will decline too so BTC better

Indeed, when BTC has large declines it influences the entire market including XRP. When the first use of the XRP currency in cross-border payments is announced, XRP will increase even if the BTC remains at the same price. Increasing XRP in percent (%) will also be higher than Bitcoin growth. XRP can reach this year at 7-8 USD while Bitcoin is likely to not exceed 30,000-40,000 USD. I seriously doubt that BTC will grow more than XRP.

Maybe but I don't see that continuing into the future. Often when I see charts that are posted in articles showing the percentage gains of 4 or 5 coins, XRP is off by itself. As time goes on and the crypto space matures, there will be a few coins or tokens that move out from under bitcoins shadow because they are serving their respective target markets.

There are many factors that play into prices but take the LTC/BTC chart on Gdax. It has remained at or around .016 BTC during bitcoins dip while LTC/USD has fluctuated.

people got high hopes for XRP, crazyy :D

There is nothing crazy about it. That's what someone said when the XRP was 0.20 usd, and I said it would reach 1usd. And here's XRP had a maximum of 3, 2 usd. So ...? :)

Ha ha ha, good predictions ! Any "heads-up " for the next time Ripple will go up?

No one can accurately determine the time when XRP will jump up. In about 6 months, it will exceed the previous maximum and will reach 4.5-5 usd.

yes very true and nice one man, you got them accurate predictions ;) haha

No offense! I agree that XRP will never reach 100 or 1000 usd. Do not forget that Market capitalization is a simple figure. When XRP was 0.20 usd, many people said it could not reach 1 usd due to Market Capitalization. Here he has reached 3, 2 usd. That's what many people thought about Bitcoin 3-4 years ago. Did anyone believe then, as the BTC will reach 20000usd? :) I do not doubt that XRP will reach 7-8 usd at the end of 2018 and prices over 10 usd in 2019.

I forgot to say I'm not a noob! :) I have over 10 years of trading on various capital markets.

As soon as these banks truly realize these gains and their profits increase, then xrp price will explode again and continue to grow for decades.

Agreed, it's also a matter of their hands being some what tied. Sure you can show them the 60% savings but they can't just dive into xRapid and expect all the other institutions to follow. First they dip a toe then splash their foot. After they are waist deep it's arms up on the side of the hot tube with a glass of champagne. At that point others will join.

For what reason tho? banks have no reason at all to purchase xrp... they are just in it for the xRapid software, and xrp is not a stock in any way, its not like company profits of the software will stream into XRP, even ripple labs themselves says XRP is just a speculative asset... so why would it pump outside of speculation? (Not hating, just a serious question)

They will join because its faster and they save money. To use xRapid software means they are using XRP. Banks only hold XRP for 3 seconds. They don't hold it like investors HODL, they can but that's not what XRP was designed for. A bank buys $140M worth of XRP, sends it to a bank in Mexico where it's sold for pesos and both banks are happy. XRP is the bridge asset, not the asset they are holding. Bitcoin and litcoin could be moved around in the same way as well. All that is required is the trading pair with XRP and enough liquidity.
No it's not a stock, you're right, they don't claim to be. In order for cross boarder settlements to take 3 seconds and cost less than a penny XRP needs liquidity. To achieve that there needs to be people buying and selling. It's a speculative asset based on the value people see XRP providing to Ripples customers. Hope this makes more sense.

And I believe that.

If the xrp proves itself to be sustainable and delivers on what it has promise then by all mean it could be the dominate centralize coin, if the banking system starts using it as the xrp as a faster process for wiring transfers then yes it can over take btc on market cap.. i dont see it coming close to bitcoin at value but it could fall somewhere between the $100-1000 per coin

Hard to believe that XRP will exceed 100 usd. Even if he succeeds in everything he has planned. Maybe over 7-10 years. Of course I do not totally exclude this fact, but on the realist I see XRP at a two-digit price for the next years.

Agreed. Can’t imagine a triple digit coin price. That evaluation would seem ridiculous.

Question is what value is XRP going to give it's customers? Ridiculous is just an adjective we use to describe things that are hard to understand. Bitcoin over a dollar was ridiculous and so was XRP. Look at what these coins and token could be used for and base a projection off of that.

Based on the amount of money in global nostro and vostro accounts, I don't see 200$ being too far fetched.

Thank you for you information

Ya I am glad I have some xrp.

So do I. My portfolio has 70% XRP.

Hahaha that makes me feel better at 60%. Good to know others are making the same bet.

Wow really? Mine is only about 2% xrp but thats ok with me.

Good, the best bet to make is the one your comfortable with.

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