Ripple stages to Continue Climbing the Cryptocurency Ranks
Ripple has been a profitable investment every year since it was launched in 2012, but it was last year’s huge value spike that has got investors really sitting up and taking notice.
At the start of 2017, Ripple could be bought for around $0.006 per coin. In January 2018, it rose as high as $3.35, giving it a total market capitalization of around $129 billion. This was enough to make it the world’s second largest cryptocurrency.
Those who invested in Ripple’s ICO could well be multi-millionaires by now, but it is believed that the coin’s value could rise even further in the future.
What is Ripple?
Ripple is a digital currency with many similarities to Bitcoin. It uses blockchain technology to provide a decentralized, borderless currency that can be exchanged all over the world.
Its main advantages over Bitcoin are its increased liquidity, the speed of transactions, and lower transaction fees. The typical Ripple transaction takes around three seconds to complete, while Bitcoin takes hours. Its platform can handle up to 1,500 transactions per second, compared to Bitcoin’s six transactions per second.
Any type of currency and many assets can be exchanged of the Ripple network, allowing traders to avoid the fees and waiting times of traditional banking.
Ripple isn’t ‘mined’ the same way Bitcoin is. The amount of new tokens released into the blockchain is at the whims of its founders, at a rate of up to 1 billion coins per month. There are around 38 billion coins, of a potential 100 billion, in circulation at the moment.
Why could Ripple be on the way up?
Ripple software has been adopted and implemented by a number of banking giants, including Santander, Bank of America and UBS. Some Ripple-based blockchain projects have received venture capital funding too, so there’s plenty of justification for a potential growth to $5 by the end of the year, as many speculators have predicted. Investing in Ripple is simple through the START INVESTING section of coinconnecter.com
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