When considering investing in Ripple (XRP) – the third largest digital currency in the world based on market cap – investors ought to consider what role Ripple might play in a few years from now. Last year, when the digital currency was emerging and relatively new, it was able to increase its value by over 100 times in a space of twelve months.
Earlier last year, XRP was changing hands at $0.0064, while by the end of that same year, the digital currency was trading at 80 cents. As at then, a lot of analysts were making all kinds of predictions that the value of the coin will hit $9 by 2018; although this can’t be ruled out yet as there is still time for that.
The Expectations of Ripple (XRP)
A lot of digital currency analyst and experts believe that Ripple (XRP) has the potential not only to increase in value but also to create new highs. A lot of people still believe in the coin as well as its potential to attain greater heights.
Ripple Price Today: Current Price of XRP
At the time of writing, the digital currency is changing hands at $0.4890 after an increase of 1 percent over the last twenty-four hours. Ripple (XRP) has a market cap of $19.24 billion and a trading volume of $299.82 million over the past twenty-four hours.
Can XRP Overtake BTC and Become the World Digital Currency?
Ripple (XRP) continues to showcase itself as a blockchain technology and a cryptocurrency that is worth investing in by facilitating cross-border payments all over the world. The digital currency firm has also been able to secure a lot of partnerships over the past few months.
Ripple has partnered with forty-five central banks across the globe, enabling them to use their platform to settle debts and carry out transactions with each other. The digital currency has a lot of partnerships, developments, and positive news around it to the point that it has the potential to emerge as a world currency.