The latest prediction places Ripple at $334 in the coming three years.
If there is one thing that the last few months have proven, it’s that anything is possible in the cryptocurrency industry. Prices can rise and fall at a moments notice and there is hardly anything anyone can do about it. Even with the speculative nature of the industry, investors and enthusiasts still manage to make predictions.
Ripple to Reach $334?
While some say Bitcoin will sell as high as $20k and Ethereum will sell as high as $1500 by the end of the year, a new prediction is that Ripple will sell at $334 in the next three years. So, is this prediction outrageous? Or is there a possibility?
While the prediction may sound outrageous, there is a possibility that it may happen. Some experts in the cryptoverse believe that Ripple will soon hit the moon with good reason.
First of all, Ripple is one of the most ambitious coins in the cryptoverse. The company behind the coin aims to solve the problems in the banking sector. The company has been unable to solve this problem as customers are faced with high fees and long transaction waiting periods.
The new plan to solve this problem is to reduce the inefficiencies by 40% out of $24 trillion. After the solution has been implemented, Ripple will get a minimum of 10% and another 10% as fees. This would give the company $4.8 trillion in profit which can take the price of the coin to the moon.
The prediction is justified. If banks and other financial institutions begin to adopt Ripple, then there will be a widespread adoption of the coin. As soon as a mass adoption happens, the price of Ripple will pass the predicted $334. This is because it will become an appealing method of exchange globally.
It’s only a matter of time till Ripple gains global validation and earns a remarkable spot in the cryptocurrency industry.