Opinion 1:
First of all lets take a brief look about ripple:
What differentiates ripple from all other cryptocurrencies is the fact that it isn’t just driven by unexplained speculation. Ripple describes it’s technology as the world’s only enterprise blockchain solution for global payments, justifying its claim by partnerships with big giants like American express card network, axis bank and yes bank to name of few.
Unlike most other digital assets which have government threatening goals of functioning as an independent currency, ripple aims to enable worldwide transfer of nearly any world currency using its platform in just about four seconds. Using ripple, you can wire any currency from one part of the world to another way faster than traditional systems which take around 3-5 days for cross-border payments.
One of the biggest factors that work in favour of ripple is that it isn’t a cryptocurrency which goes against traditional banking and financial institutions. Conversely, it a blockchain solution implemented to speed up their money transfers and save transactions cost which makes ripples adoption inevitable.
Currently occupying the fourth position in the crypto market, ripple holds its place with a healthy market capitalization of 56 billion dollars. For those who are unaware, there will ever only be 100 billion of XRP token supply. Of those 100 billion, roughly 38 billion XRP tokens are in circulation, 6 billion tokens are held by XRP team and 55 billion have been placed in escrow.
2017 was truly a breakthrough year for ripple. In mid-May, ripple saw a meteoric rise to $0.36 and then fell to find support in the range of $0.20 to $0.30 levels for a brief period of time. Cometh end of 2017, ripple has shot above one dollar and is trading at $1.87 at the time of writing this.
The value of the currency has skyrocketed by more than 20000% this year overshadowing the 2017 increment graph of even Bitcoin and Etherium by a huge margin.
Considering the demand and supply theory of economics which states that prices go up with an increase in demand, the stage looks set for a significant ripple price rise. With more banks and financial institutions touted to use the ripple blockchain technology next year, the prices of ripple are expected to gear up even more in 2018.
While most ripple price predictions stated that ripple would break the $2 mark by end of 2018, the current price increase suggests that ripple might not take that long to breach that mark. Triggered by a mass bank and financial institution adoption, ripple looks all set to touch the $10 mark by the end of 2018.
Ripple Insights has previously discussed the specific needs of the new company. Companies like Uber, Facebook and Amazon, involved in a bilateral market, pay high-value, low-value payments in an unthinkable context. Chinese e-commerce Moloch Alibaba reported sales of $ 17.8 billion to around 175 000 transactions per second. Companies with such a volume will eventually take the market to accept payment solutions that can compete.
Similarly, cross-border payments in the report are marked as expensive, ineffective and transparent, required by both individual consumers and vigilant regulators. Ripples distributor ledger-based solution is cited as one of the fintech competitors striving for this ubiquitous problem, with the potential to revolutionize this space. Ultimately, however, a multitude of fintech solutions will exacerbate the problem of competitive, isolated networks.
By the end of 2016, Ripple Labs completed another $ 55 million funding in a series of B financing to support Ripple’s growth and development. It makes it one of the largest blocks-based projects in the industry. Ripple’s investors include globally recognized venture capital firms and strategic investors such as Andreessen Horowitz and Google Ventures, SBI Group, standard chartered.
And if the popularity of ripple increase at the same rate the price of ripple touch $5 or more by the end of 2018.
What differentiates ripple from all other cryptocurrencies is the fact that it isn’t just driven by unexplained speculation. Ripple describes it’s technology as the world’s only enterprise blockchain solution for global payments, justifying its claim by partnerships with big giants like American express card network, axis bank and yes bank to name of few.
One of the biggest factors that work in favour of ripple is that it isn’t a cryptocurrency which goes against traditional banking and financial institutions. Conversely, it a blockchain solution implemented to speed up their money transfers and save transactions cost which makes ripples adoption inevitable.
Currently occupying the fourth position in the crypto market, ripple holds its place with a healthy market capitalization of 56 billion dollars. For those who are unaware, there will ever only be 100 billion of XRP token supply. Of those 100 billion, roughly 38 billion XRP tokens are in circulation, 6 billion tokens are held by XRP team and 55 billion have been placed in escrow.
2017 was truly a breakthrough year for ripple. In mid-May, ripple saw a meteoric rise to $0.36 and then fell to find support in the range of $0.20 to $0.30 levels for a brief period of time. Cometh end of 2017, ripple has shot above one dollar and is trading at $1.87 at the time of writing this.
The value of the currency has skyrocketed by more than 20000% this year overshadowing the 2017 increment graph of even Bitcoin and Etherium by a huge margin.
 |
| Ripple Chart |
Considering the demand and supply theory of economics which states that prices go up with an increase in demand, the stage looks set for a significant ripple price rise. With more banks and financial institutions touted to use the ripple blockchain technology next year, the prices of ripple are expected to gear up even more in 2018.
Opinion 2:
Similarly, cross-border payments in the report are marked as expensive, ineffective and transparent, required by both individual consumers and vigilant regulators. Ripples distributor ledger-based solution is cited as one of the fintech competitors striving for this ubiquitous problem, with the potential to revolutionize this space. Ultimately, however, a multitude of fintech solutions will exacerbate the problem of competitive, isolated networks.
Partners And Investors
By the end of 2016, Ripple Labs completed another $ 55 million funding in a series of B financing to support Ripple’s growth and development. It makes it one of the largest blocks-based projects in the industry. Ripple’s investors include globally recognized venture capital firms and strategic investors such as Andreessen Horowitz and Google Ventures, SBI Group, standard chartered.
And if the popularity of ripple increase at the same rate the price of ripple touch $5 or more by the end of 2018.
No comments:
Post a Comment
Government Jobs India - सरकारी नौकरी Comment Box. Please do not spam.