Why Ethereum (ETH) And XRP (XRP) Will Thrive In 2019

UK-based Crypto Trading Platform is Launches Ethereum Futures Contracts


This year has been bloody for cryptocurrencies. The price of all cryptocurrencies starting with Bitcoin fell significantly against the USD. At some point in the bear market, some people believed this would be the end of the emerging industry. Right now, the total market capitalization of cryptocurrencies is down by more than $700 billion within a 12 month period. Notwithstanding, the year 2019 promises to be better than 2018 especially for ETH and XRP.


2018 Has Been Rough For All Cryptocurrencies


Of all the months in 2018, November was the bloodiest for cryptocurrencies. Bitcoin got to a low that it hasn’t reached since August 2011. This came months after the January bear downturn that cost some cryptocurrencies up to 90% of their value. Many known figures in the industry have talked about the condition of the market.

Mike Novogratz, a well-known cryptocurrency billionaire investor, talked about the state of the industry and his investments with Galaxy Digital Holdings.
He said that what happened within the cryptocurrency market over the last 12 months is horrible. However, he also said that 2019 is going to be different for cryptocurrencies in terms of adoption of tokens and blockchain technology. He said that sectors like finance and gaming will benefit the most from the new year. In his words:

“I honestly think we’re going to experience big adaption in 2019 and 2020. Many items in the digital world like in the e-gaming sector have low value. So, I think people will become more comfortable with participating in blockchain.”


XRP (XRP) Price Today – XRP / USD
#NamePrice24H %
3
ripple
XRP(XRP)
$0.250
-2.50%


Recently, there was news about Facebook developing a stablecoin for Whatsapp specifically to target the Indian digital payment space. If this happens, Facebook can potentially bring cryptocurrencies into the spotlight with over 2 billion active users. It will also ignite the interest of those who want to invest in blockchain technology but are sceptical about it.


Ethereum To Flourish In 2019


BitMEX CEO, Arthur Hayes, on his part, said that there is going to be an increased interest in Ethereum next year because of the stablecoin fad. Even if ETH has fallen to the third position per market capitalization leaving XRP in second place, Hayes believes that Ether is positioned for a price and interest hike with the return of the initial coin offering market. In his words:

“As soon as the ICO market bounces back, ETH will rebound with full force. In no time, it will test $200 again. This will be within the next 12 to 18 months.” In 2017, the rise in profit exposed many bad actors to the ICO space. Many of the projects that started during the bull run were focused on making bulk profit rather than building good products. Hayes believes that credibility of the ICO market will return in the next one or two years.


XRP To Flourish In 2019

Apart from ETH, the future of XRP is also bright. Ripple has been working on many projects that will promote the adoption of the XRP token. XRP was able to become the second cryptocurrency per market capitalization. In 2019, there are great things waiting for XRP. For starters, XRP is allegedly a coin of interest for the most popular cryptocurrency exchange in the United States, Coinbase. Binance, the largest cryptocurrency exchange per market capitalization has also stated its interest in listing XRP as a base pair for cryptocurrency trading.


Another factor that will place XRP in the realm light is its scalability and transaction oriented nature. This has made it the choiced currency for the FinTech industry. Already, many partnerships have been made to this effect.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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