When it comes to the cryptocurrency industry, predictions can be likened to hope. Predictions fuel the minds of investors, propelling then to take action. While some predictions are easy to believe some others are seen as outrageous when the market trend is put into consideration. However, facts show that the cryptocurrency market is irrational and unpredictable. This means anything can happen at anytime.
Ripple (XRP) Prediction in 3 Years: Will Ripple Get to $334 in 3 Years?
One of the trending cryptocurrency predictions is that Ripple (XRP) will get to $334 within the next three years. With Ripple’s XRP still trading in cents, this Ripple XRP price prediction seems unbelievable.
Ripple (XRP) Price Today
The vision of every organization goes a long way in determining how far it will go and as far as visions go, Ripple has shown great potential. The company intends to tackle all the problems that affect the traditional banking systems. The typical SWIFT system isn’t in the best interest of the customers and Ripple intends to replace this system. How so? Well, for starters, Ripple is going to reduce the inefficiencies of the banking system by 40%. After the solution is implemented, Ripple will get about 10% of the total market capitalization of the banking industry which in this case is worth $24 trillion.
Will Ripple Successfully Carry Out Its Plan?
If Ripple successfully completes this project, the amount it gets will increase the price of the coin. This alone makes the $334 price prediction justified. If enough banks from different parts of the world adopt Ripple’s strategy, which they will to retain their clients, Ripple will eventually become adopted globally.
Everyone knows that mass adoption is a factor that drives cryptocurrencies. When Ripple is adopted in mass, the value will most likely reach the predicted mark of $334. It may even go higher than that figure considering what the company has in store.
However, everyone still needs to be cautious when it comes to trading cryptocurrencies. The key is to be open minded. Hope for the best and expect the worst.