How Ripple's XRP can get more than what the Satis Group had predicted  The cryptocurrency market has shown a slight recovery in recent days, but Ripple's XRP failed to record significant growth, despite being the 3 rd the most large currency in terms of market capitalization. As reported by a cryptocurrency analyst and saturation group, the currency, which is one of the 10 cryptocurrencies reviewed, will probably be
While Monero's XMR has been reported to enjoy the strongest appreciation, with Bitcoin showing also some positive figures, Statis has discovered that there will be little to celebrate when it comes to XRP. Ripple is already on an erosion of 91% from the last high of January, and the group predicted that it will work a penny within the next year. His report also found that it will fall further around a fraction of a penny after a decade
Statis Group may be wrong
While the Statis group has done a good research and provided useful forecasts regarding the trends of cryptocurrency market, they could be wrong about XRP, because it has the possibility to break from the mold. The company is right in saying that XRP investors are in a puzzle, especially considering that the parent company of the Ripple currency is the main driver of its adoption, but the payment protocol can work efficiently without requiring cryptocurrency.
But even with that said, Ripple still has some incentive when it comes to promoting its cryptocurrency. For beginners, Ripple is the biggest holder of XRP, owning a sum of 60 + billions of coins, most of them locked up in the next five years. To say that the company would abandon their project is like saying that it is willing to devalue a resource on which they have a majority share.
XRP also enjoys widespread adoption in most countries, with India estimating that its people hold a share close to 50% of the coin market. XRP has also established itself as a remittance currency, which could be taken into account by banks and other financial services companies because of cost reduction measures when cross-border credit transfers are made.
It is also worth mentioning that there are already a number of pilot programs underway to test a higher efficiency of XRP. The companies involved include Cuallix in Mexico, MoneyGram and Western Union.