Ripple could be the next bitcoin

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Bitcoin has made some very wealthy investors. Those who bought the digital currency in the old days when trading for a few dollars. And it could make investors richer, as long as it continues to rise to new highs.

But it is unlikely, given that at these price levels it is difficult to achieve high percentages, north of $ 10,000.

* Starting from Wednesday, 11 am

However, there is Ripple, which is trading below $ 1. And there are experts who believe it could be the next Bitcoin one day.

Craig Cole from CryptoMaps is one of those experts. "Ripple could be the catalyst in making cryptocurrency more mainstream," says Cole.

Its faster transaction rates and lower rates make it easier for financial systems to embrace virtual currency, which is partly why the value of Ripple has increased dramatically in just this year. Ripple helps financial institutions save money and is expected to become even more prevalent in payment flows. Virtual currency is certainly on the rise and has the potential to be the first to truly upset an industry, and if it does, it expects XRP to reach Bitcoin-like ubiquity levels in the near future.

John-Paul McCaffrey, ITRC associate director, Long Island University, is on agreement. "Although there is currently no fiat currency exchange platform for Ripple (XRP), this may change sooner than you think," says McCaffrey. "There is speculation that Coinbase will add this to their list of cryptocurrencies that they have available for the fiat exchange.Easily providing cash through Coinbase will attract a new interest in XRP."

It will take time, says Roman Guelfi-GibbsCEO, Lead Systems Designer for Pinnacle Brilliance Systems Inc.

Ripple certainly has the potential to rise one notch in 2018, but I think it will be more likely in 2019. While the market observes more projects encoded in other algorithms such as XRP, the ETH will likely take second place to the next big coin. /token. It will take some time for the markets to assimilate it, so I think 2019 will be the best time it will be. Obviously, with crypto, anything can happen, so watch carefully.

Not everyone is so excited about Ripple's prospects of catching up with Bitcoin. As Shidan Gouran, president of Global Block Chain Technologies.

Ripple is unlikely to rise by one or two notches in the world of cryptocurrencies in 2018, and this is the case for three reasons. The first reason is the sheer volume of dollars that separates each of the three currencies in the top positions, in terms of market capitalization. Bitcoin has a value of over $ 191 billion, Ethereum is worth over $ 84 billion and Ripple exceeds $ 35 billion. To move Ethereum, a deficit of about $ 49 billion (which is more than twice the national GDP of Iceland) should be closed. The second reason is that the use cases of Ripple are mainly for the trade in goods, not for daily shopping. As consumer awareness of cryptocurrencies will increase significantly in 2018 and beyond, the masses' interest will be on cryptocurrencies that can be used as currencies, not just for investment transactions. Finally, the third reason is that, since Ripple can not be purchased with fiat coins, it is necessary to buy existing cryptocurrencies like Bitcoin and Ethereum to buy XRP. This continues to nurture the demand for Bitcoin and Ethereum and will only consolidate their positions as the first two cryptocurrencies on the market. & Nbsp;

In reality, the last point is no longer true. Recently, the French exchange bitit.io he added Ripple and Litecoin to his coin offering. This means that Ripple can now be purchased directly. At least that's what the site says, although I could not verify how easy the process is and what the relevant taxes are.

However, Ripple investors have to wait a long time to replicate the success of the first Bitcoin investors, on condition that they get users' traction and that big governments, big banks or hackers do not destroy cryptocurrencies across the board.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]

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Bitcoin has made some very wealthy investors. Those who bought the digital currency in the old days when trading for a few dollars. And it could make investors richer, as long as it continues to rise to new highs.

But it is unlikely, given that at these price levels it is difficult to achieve high percentages, north of $ 10,000.

* Starting from Wednesday, 11 am

However, there is Ripple, which is trading below $ 1. And there are experts who believe it could be the next Bitcoin one day.

Craig Cole from CryptoMaps is one of those experts. "Ripple could be the catalyst in making the cryptocurrency more mainstream," says Cole.

Its faster transaction rates and lower rates make it easier for financial systems to embrace virtual currency, which is partly why the value of Ripple has increased dramatically in just this year. Ripple helps financial institutions save money and is expected to become even more prevalent in payment flows. Virtual currency is certainly on the rise and has the potential to be the first to truly upset an industry, and if it does, it expects XRP to reach Bitcoin-like ubiquity levels in the near future.

John-Paul McCaffrey, ITRC associate director, Long Island University, is on agreement. "Although there is currently no fiat currency exchange platform for Ripple (XRP), this may change sooner than you think," says McCaffrey. "There is speculation that Coinbase will add this to their list of cryptocurrencies that they have available for the fiat exchange.Easily providing cash through Coinbase will attract a new interest in XRP."

It will take time, says Roman Guelfi-GibbsCEO, Lead Systems Designer for Pinnacle Brilliance Systems Inc.

Ripple certainly has the potential to rise one notch in 2018, but I think it will be more likely in 2019. While the market observes more projects encoded in other algorithms such as XRP, the ETH will likely take second place to the next big coin. /token. It will take some time for the markets to assimilate it, so I think 2019 will be the best time it will be. Obviously, with crypto, anything can happen, so watch carefully.

Not everyone is so excited about Ripple's prospects of catching up with Bitcoin. As Shidan Gouran, president of Global Block Chain Technologies.

Ripple is unlikely to rise by one or two notches in the world of cryptocurrencies in 2018, and this is the case for three reasons. The first reason is the sheer volume of dollars that separates each of the three currencies in the top positions, in terms of market capitalization. Bitcoin has a value of over $ 191 billion, Ethereum is worth over $ 84 billion and Ripple exceeds $ 35 billion. To move Ethereum, a deficit of about $ 49 billion (which is more than twice the national GDP of Iceland) should be closed. The second reason is that the use cases of Ripple are mainly for the trade in goods, not for daily shopping. As consumer awareness of cryptocurrencies will increase significantly in 2018 and beyond, the masses' interest will be on cryptocurrencies that can be used as currencies, not just for investment transactions. Finally, the third reason is that, since Ripple can not be purchased with fiat coins, it is necessary to buy existing cryptocurrencies like Bitcoin and Ethereum to buy XRP. This continues to nurture the demand for Bitcoin and Ethereum and will only consolidate their positions as the first two cryptocurrencies on the market.

In reality, the last point is no longer true. Recently, the French exchange bitit.io he added Ripple and Litecoin to his coin offering. This means that Ripple can now be purchased directly. At least that's what the site says, although I could not verify how easy the process is and what the relevant taxes are.

However, Ripple investors have to wait a long time to replicate the success of the first Bitcoin investors, on condition that they get users' traction and that big governments, big banks or hackers do not destroy cryptocurrencies across the board.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]