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Investors seeking to venture into the cryptocurrency market may wish to focus on acquiring alternative cryptographic resources over the purchase of Bitcoin. Bitcoin is exiting a record high of just under $ 20,000 and is currently trading at $ 8,200. If Bitcoin returns to its previous historical highs, investors who buy today will receive a 140% ROI. It's not bad if you compare this return with average returns in the stock market, for example.
But there are many other cryptographic resources that have the potential for greater ROI should they return to their all time highs. Investors may want to take a closer look at the Ripple XRP, a blockchain solution that has the potential to revolutionize the banking system as we know it. Currently traded near $ 0.70, with a record high of $ 3.30, XRP has the potential to give investors a huge return of 300%, if the good returns to the maximum. It is very possible!
Ripple makes many products supported by blockchain technology with an impressive range of customers ranging from large banks and well-known payment service providers. The goal is to make cross-border payments more efficient for these big banks and payment service providers that send billions of dollars around the world every day. XRP is Ripple's cryptocurrency that can be used as a payment method, making it much easier for banks and other institutions to send money around the world. It can help reduce the cost of transferring large sums of money on a global scale. According to Ripple, XRP should be considered a bridge currency between various legal currencies. The idea is for a person, for example in the United States, to convert his USD into XRP and send it to the recipient to be converted back to the currency of his choice. This can greatly reduce the time and cost of having money stuck in different currencies in accounts at many different banks. The adoption of Ripple products is rapidly gaining ground among some of the major players in the industry. Perhaps the type of XRP impulse must once again reach a new historical maximum.
The first wave began to gain positive traction after the collapse of about $ 3.30 as Uphold, a platform with $ 3 billion transactions, which allowed members to buy XRP at no cost. Furthermore, Ripple has abducted partnerships with Santander, SBI Holdings and LianLian International – all the main players in their respective sectors. This allows Ripple to be more widely adopted and more common to the average citizen. LianLian is an important payment system in China and with the rise of the Chinese middle class, the frequency of payments should increase. Ripple can help alleviate technological problems in this case. The Ripple-LianLian partnership is just one of many examples of Ripple's enormous potential. Recently & nbsp; The rapid Ripples product has been tested by some of the best money transfer companies in the world, including MoneyGram, Mercure FX, IDT Corporation and Cuallix Mercadotecnia. It is stated that over 100 financial institutions offering banks and payment service providers want to start using and benefiting from the numerous Ripple blockchain-based solutions.
It looks like the outlook is more bullish for Ripple as we go deeper into 2018. However, it's important to keep in mind if Ripple's integration fails in its target sector or if there's any error in demonstrating the concept, Ripple would like to be one of the crypto-coins that would bring a lot of bad press to the cryptomarket. That said, the world would look very different in a few years due to blockchain technology. Technology will change the shape and image of the world, just like the Internet. Bitcoin, Ethereum and Ripple have allowed entrepreneurs to create more disruptive products, for example, 0chain, which provides fast decentralized storage solutions that match current cloud providers at no cost.
As the largest crypto-market gains more confidence and positivity, Ripple's valuation should grow in tandem with the overall value of the cryptocurrency market. To sum up, Ripple to date is trading around $ 0.70, while its historical highs were closer to $ 3.30, marking a potential growth of 5.44x. Bitcoin, on the other hand, only has about 1-1.5x, comparing its current price with previous historical highs. Assuming that both activities increase traction and approach the previous highs, XRP would produce a much larger return on investment. Compared to Bitcoin, Ripple's XRP is cheap and attracts more retail investors with smaller accounts, so any bull movement in the cryptomarket favors Ripple. & Nbsp; The bitcoin, on the other hand, has also become more a confidence index of blockchain and cryptocurrency. Its growth is related to the overall growth of the crypto-community, instead of its skills. Thus, action on Bitcoin prices may have difficulty keeping up with the growth of XRP.
Given that the cryptocurrency market is starting to emerge from the current downward trend, perhaps investors should be more interested in investment options such as XRP. With the enormous growth opportunities and the size of the Ripple target market, it may seem like the sky is really the limit for this cryptocurrency. If large institutions and payment service providers believe that the integration of Ripple is a success, the breakdown and progression of an entire industry could all be at the core. Positivity around the currency, combined with new partnerships with industry leaders, not only demonstrates Ripple's legitimacy and institutional confidence, but also shows Ripple's ability to return to historic highs and beyond.
Disclosure: I own cryptocurrencies in my portfolio
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Investors seeking to venture into the cryptocurrency market may wish to focus on acquiring alternative cryptographic resources over the purchase of Bitcoin. Bitcoin is exiting a record high of just under $ 20,000 and is currently trading at $ 8,200. If Bitcoin returns to its previous historical highs, investors who buy today will receive a 140% ROI. It's not bad if you compare this return with average returns in the stock market, for example.
But there are many other cryptographic resources that have the potential for greater ROI should they return to their all time highs. Investors may want to take a closer look at the Ripple XRP, a blockchain solution that has the potential to revolutionize the banking system as we know it. Currently traded near $ 0.70, with a record high of $ 3.30, XRP has the potential to give investors a huge return of 300%, if the good returns to the maximum. It is very possible!
Ripple makes many products supported by blockchain technology with an impressive range of customers ranging from large banks and well-known payment service providers. The goal is to make cross-border payments more efficient for these big banks and payment service providers that send billions of dollars around the world every day. XRP is Ripple's cryptocurrency that can be used as a payment method, making it much easier for banks and other institutions to send money around the world. It can help reduce the cost of transferring large sums of money on a global scale. According to Ripple, XRP should be considered a bridge currency between various legal currencies. The idea is for a person, for example in the United States, to convert his USD into XRP and send it to the recipient to be converted back to the currency of his choice. This can greatly reduce the time and cost of having money stuck in different currencies in accounts at many different banks. The adoption of Ripple products is rapidly gaining ground among some of the major players in the industry. Perhaps the type of XRP impulse must once again reach a new historical maximum.
The first wave began to gain positive traction after the collapse of about $ 3.30 as Uphold, a platform with $ 3 billion transactions, which allowed members to buy XRP at no cost. In addition, Ripple has torn off collaborations with Santander, SBI Holdings and LianLian International – all major players in their respective sectors. This allows Ripple to be more widely adopted and more common to the average citizen. LianLian is an important payment system in China and with the rise of the Chinese middle class, the frequency of payments should increase. Ripple can help alleviate technological problems in this case. The Ripple-LianLian partnership is just one of many examples of Ripple's enormous potential. Recently, Ripples' rapid product has been tested by some of the world's best money transfer companies, including MoneyGram, Mercure FX, IDT Corporation and Cuallix Mercadotecnia. It is stated that over 100 financial institutions offering banks and payment service providers want to start using and benefiting from the numerous Ripple blockchain-based solutions.
It looks like the outlook is more bullish for Ripple as we go deeper into 2018. However, it's important to keep in mind if Ripple's integration fails in its target sector or if there's any error in demonstrating the concept, Ripple would like to be one of the crypto-coins that would bring a lot of bad press to the cryptomarket. That said, the world would look very different in a few years due to blockchain technology. Technology will change the shape and image of the world, just like the Internet. Bitcoin, Ethereum and Ripple have allowed entrepreneurs to create more disruptive products, for example, 0chain, which provides fast decentralized storage solutions that match current cloud providers at no cost.
As the largest crypto-market gains more confidence and positivity, Ripple's valuation should grow in tandem with the overall value of the cryptocurrency market. To sum up, Ripple to date is trading around $ 0.70, while its historical highs were closer to $ 3.30, marking a potential growth of 5.44x. Bitcoin, on the other hand, only has about 1-1.5x, comparing its current price with previous historical highs. Assuming that both activities increase traction and approach the previous highs, XRP would produce a much larger return on investment. Compared to Bitcoin, Ripple's XRP is cheap and attracts more retail investors with smaller accounts, so any bull's move into the cryptomarket favors Ripple. The bitcoin, on the other hand, has also become more a confidence index of blockchain and cryptocurrency. Its growth is related to the overall growth of the crypto-community, instead of its skills. Thus, action on Bitcoin prices may have difficulty keeping up with the growth of XRP.
Given that the cryptocurrency market is starting to emerge from the current downward trend, perhaps investors should be more interested in investment options such as XRP. With the enormous growth opportunities and the size of the Ripple target market, it may seem like the sky is really the limit for this cryptocurrency. If large institutions and payment service providers believe that the integration of Ripple is a success, the breakdown and progression of an entire industry could all be at the core. Positivity around the currency, combined with new partnerships with industry leaders, not only demonstrates Ripple's legitimacy and institutional confidence, but also shows Ripple's ability to return to historic highs and beyond.
Disclosure: I own cryptocurrencies in my portfolio
