Home / Ethereum / Demystify the XRP price forecast of $ 589 by the end of 2018

Demystify the XRP price forecast of $ 589 by the end of 2018



XRP cryptocurrency is more or less on fire in cryptographic markets. By fire, we mean that it is doing impressively to have an added value on September 18 from levels of $ 0.274 to $ 0.332 in a time frame of less than 5 hours. This is an increase in value of 21% in that short period of time. The digital asset is currently trading at $ 0.317 and all indicators point to a recovery in digital activity in cryptographic markets.

The peak of the XRP on 18. Source, coinmarketcap.com

$ 589 Year-end price prediction

During research on XRP in recent days, Ethereum World News had a recurring prediction of prices among the HODLer of digital heritage. The price forecast states that XRP will be valued at $ 589 by the end of the year.

A twitter user said this following the recent news that xRapid could be live the next month or so.

With xRapid to be published by the end of this year, the community XRP seems to be confident in a price increase of XRP . Some even make predictions like $ 589 by the end of 2018.

Another Twitter user would do the math for the XRP community and calculate the probabilities of such a massive increase in price

Something to consider for the [$ 589 debate.

There are still 107 days in 2018.

To reach $ 589 by EOY needs a price increase of 2,104 x, which is a profit of $ 5.50 each day until 2019. The price of XRP should double every 10 days.

Possible? Yes

Probable? Improbable

Where does this price prediction come from?

Digging further into the various social media platforms and websites, we find the following explanation of how the $ 589 forecast occurred. It was from a Redditor who made the name Bearableguy123 a few months ago. Your account has been deleted from the platform.

A 5-month-old Steemit post summarizes who it was:

For those of you who do not know bearableguy123, it's someone who created a small submarine -redit on Ripple a few months ago. Slowly but surely he started to publish bizarre and cryptic riddles and images that let us glimpse future developments in Ripple. While his subtle hints and cryptic intuitions were revealed at last, bearableguy123 made a name for himself.

Where is Bearableguy123?

As stated by Earleir, his posts on Reddit are no longer available. His Twitter page has vanished into thin air.

A post from Reddit 3 months ago, summarizes the bizarre event as follows:

So, his Twitter account seems to have been closed, either forcibly or voluntarily, and now his rippled Sub Reddit seems to have disappeared. Does anyone have any idea what's going on? There were rumors in recent weeks that Ripple would make a huge announcement today. Could it be connected?

Was a Ripple Insider?

Much of the conversations still left on the Internet postulated that Bearableguy123 was a Ripple Insider who knew about the potential of XRP and the interactions of the Ripple company. He would release puzzles that would point to Ripple's technical developments and partnerships, well before any official announcement of the company.

A riddle brought him a photo of Moneygram with an arrow on Wallmart in January before there were any conversations on xRapid being tested by the remittance service provider. He also gave his price estimate $ 589 XRP on February 14 after promising to provide it to the community.

A Redditor would call him Troll in a post that reads as follows:

The boy is a TROLL. I called and was banned from his subreddit despite having "No rules". Do not allow fools to tarnish your judgment. XRP has a bright future, but ambiguous and ambiguous statements give to the community.

Conclusion

In conclusion, and since there is not much Bearableguy123 fingerprint on the Internet, we can only state that s / was the source of the XRP $ 589 price forecast in February. As for the fact that he was a member of Ripple, we'll never know.

What do you think of this prediction of XRP prices $ 589 before the end of the year? It's possible? What information do you have on Bearableguy123? Please let us know in the comments section below.

Disclaimer: This article is not intended to give financial advice. Any opinion here is purely that of the author and does not represent the opinion of Ethereum World News or its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.
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