Bitcoin and RipplePeople have been earning large amounts of money through Bitcoin, where so many bought the currency in its initial years and sold it off at its peak years, now. However, there have been predictions where Ripple is expected to be the next big thing, replacing the renowned Bitcoin. The company has been in the news regularly, after signing off new partnerships and adoption throughout the financial Industry. The question, however, remains, could Ripple actually be more significant than Bitcoin?
In interviews with Forbes, a number of experts in the field of cryptography predicted that it is a suitable time for Ripple and its cryptocurrency to invest. One of them also mentioned the possibility of higher profits due to its price below one dollar. Bitcoin is already trading at around $ 10,000, so to rise significantly from there, you will need a large amount of cash inflow. Bitcoin (BTC) Price Today – BTC / USD
Ripple already has a foot in the doorWith Ripple’s faster transaction speeds and lower rates, it offers a more natural way for financial institutions to adopt the digital currency, and more than a hundred of which they already have. Craig Colef from Crypto maps shared his insight in this regard, who also attributes this to the phenomenal increase in XRP every year. This time last year the Ripple cryptocurrency was priced at only $ 0.006, today it has risen more than 14,300% to its current levels. Cole also continued saying;
“The undulation could be the catalyst to make cryptocurrencies more common. The virtual currency is on the rise undoubtedly. And also has the potential to be the first token to derail an industry truly, and if it does, we expect XRP to reach levels of ubiquity similar to those of Bitcoin in the near future. ”
Ripple sees light at the end of the tunnelJohn-Paul McCaffrey, Associate Director of Long Island University, added that “although there is currently no platform to exchange fiduciary currency for Ripple (XRP), this may change sooner than you think,” fueling rumors that Coinbase may list the altcoin later in this year. Another industry expert, Roman Guelfi-Gibbs, Director of Operations at Pinnacle Brilliance, thinks it will take another year before Ripple is a huge success;
“Ripple certainly has the potential to climb a step in 2018, but I think it will be more likely in 2019. As the market observes that more projects are encoded in other algorithms such as XRP, ETH will probably go into the background in the next big coin / It will take some time for the markets to digest this, so I’m projecting 2019 as the likely time for it to take place.
“Shidan Gouran, The president of the Global Block Chain Technologies, said that the number of dollars that separates the three main capacities of the market would need to be closer for XRP to improve. In addition to this, he also spoke about how consumer awareness should be increased and be available to the general public on the same level as Ethereum and Bitcoin, which one can purchase by decree.
Brad Garlinghouse, who holds the position of general manager at the company spoke in a separate interview with CNBC about how the cryptography industry is needed to work with regulators to move forward.
“It is incredibly important that the entire industry recognizes that we have to work with regulators, we have to work with the system. The blockchain revolution occurs within the system and will not happen from outside the system. “
He went on to affirm that “there are some within the bitcoin community that really advocated not only for the banks but for the governments, we have been a relatively speaking opposite in that sense.”
Naturally, as a private and centralized company, Ripple will have a different vision of the distinctive character of cryptocurrencies. However, being of that nature has given you more associations and adoptions than any other similar digital currency. As they continue, their role in the future of blockchain technology and the incorporation of cryptocurrencies will certainly expand.