On 30 August 2018, Bloomberg released a research report about the valuation of cryptoassets. This is the fourth part of a five-part series (on the cryptoasset market) that has been prepared by premier ICO advisory firm Satis Group.
Research firm Satis Group has released a new report making bold price predictions about the current leading cryptocurrencies on the market. It is attempting to create accurate valuations based on real-world data.
XRP (XRP) Price Today – XRP / USD
Price 24H (%) -2.33%
Ripple’s XRP Price Prediction 2019, 2020
• According to Smartereum, experts believe the digital asset could rise to as high as $200-$300 in ten years. Megacryptoprice forecasts that the coin will hit $6.14 by the end of 2019.
• Ripple Coin News predicts that the crypto could climb to about $8-$10 by 2019. However, the Economy Forecast Agency has forecast that the coin’s price will fall in 2019 on account of “technology partnerships not fulfilling promise”.
• The price of the token was expected to soar in the first week of October, 2018 given the completion of Ripple’s flagship event, Swell 2018 in San Francisco California. Swell saw leaders from the finance, banking, technology and even the political sphere come together to engage in discourse about the future of cryptocurrency.
Will XRP Reach $1 This Year?
Recently, the CEO of deVere, Nigel Greene had shared that XRP will hit the $1 mark this year as it is favored by a number of positive factors.
According to Marouane Garçon, the managing director of Amulet, a crypto-to-crypto derivatives platform, it is still a very much possibility,
“I definitely agree with that assessment. The price had already pumped to $0.75. If Ripple’s partners start utilizing XRP during their day to day operations before the end of the year then I think $1 is a modest price point.”
He further shared with Forbes while elaborating on this point:
“From here on out it depends on developments and usage. They’ve made promises that some of their partners will use XRP and once people see that happening they will have to gain unwavering confidence and that will certainly be reflected in the price.”