Ever since ‘Bitcoin (BTC) futures’ was made available on CME, the value of the digital currency has plunged. Bitcoin (BTC) tested its all-time high on the 17th of December last year. The digital currency surged close to the $20k mark, but the rest is history now. Since then, many analysts have researched the impact of Bitcoin (BTC) futures on the digital currency market, especially the values of digital currencies.
This is a question that has been lingering in the crypto space over the past months. Nevertheless, Ripple’s recent breakthrough was a revelation that might serve as an answer to a lot of musings. With the arrival of Bitcoin (BTC) futures, traders can start selling shorts.
Before the introduction of Bitcoin futures, only the trading of physical Bitcoin (BTC) was possible. All sales were basically to make profits. There is nothing new in the spiteful sales of Bitcoin (BTC). The sales were also very aggressive in the early days.
However, it is now possible to trade the market on two sides. This is an entirely different dynamic. This is a very important change that crypto investors must put into consideration.
Nasdaq and Bakkt Future Is Set to Launch at the Beginning of 2019
There are three basic catalysts that could enhance the value of XRP (XRP). One of those catalysts is an institutional investment. Two of the most much-awaited institutional services to be launched early next year are Nasdaq and Bakkt.
Both Bakkt and Nasdaq will start with Bitcoin (BTC). However, it will not be long before they add support for other digital currencies. As an investor, you might be indecisive on which digital currency to invest in. However, many investors apply the rule of “high reward, low risk.” From the perspective of an investor and considering some of the cryptos among the top ten in the market, here are some of the coins to consider:
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin (BTC) will always be at the top of the list. Bitcoin is the bellwether of the digital currency world. The digital currency will perhaps make up the largest portfolio of institutions that will use the services of Nasdaq and Bakkt to purchase cryptocurrencies.
Ethereum (ETH) has become very popular and important over the years. The digital currency is now holding a position that is too vital to forget. Ethereum is a simple project, the growth of the coin is clear and it also has a positive outlook. The downside of the project is that the majority of its developers are dependent on it.
XRP (XRP) Price Today – XRP / USD
Ripple and XRP (XRP) are the only blockchain firm and digital currency respectively with a lot of reputable customers and investors. The customer list of RippleNet is very impressive, it consists of top financial institutions and banks. Ripple Inc. is the most advanced digital currency firm, both in terms of technological adoption and maturity.
This also helps to promote the adoption of the digital currency as well as its value. XRP offers a lot of investment opportunity. The digital currency is currently one of the best performing coins in the market. It is also strongly supported by Ripple and its enthusiasts.