Ripple price could reach double digits ($10+) in 2018
09:45, Jan 20, 2018
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The San Francisco-based Ripple was founded in 2012 as a provider for a real-time payment processing system that is based on a blockchain or a public distributed ledger which validates transactions on consensus. If one could get ahead of the news cycle somehow, they might be able to make an accurate Ripple price forecast.
Even those who purchased bitcoins two months ago, when the closing price on November 17 was $7,709, could suffer a loss, given how fast bitcoin's price has cratered: Its price dropped from $17,527 on Jan.6 to $10,587 at 3 p.m. EST on Wednesday, a decline of 43 percent.
Morgan put the kaibosh on the possibility of UK-listed Bitcoin futures, saying it was too soon for such products to be launched, despite the fact that CME has already launched Bitcoin futures in the United States. The company also claimed that over a 100 financial organizations employ its network. The Crypto XRP has proof type and operates under algorithm.
XRP, the third-largest cryptocurrency by market cap, has gained over 75% since Wednesday's lows, trading at $1.589 per coin Thursday morning, according to Markets Insider data.
He was briefly tied with Facebook CEO Mark Zuckerberg in the fifth place on the list of the world's richest. 1 XRP is now valued at $1.68.
This is likely to mean stricter identity checks for those using crypto exchanges as is the case in many other countries, it is nothing new. The last three days has seen Ripple (XRP) rise to over $3, not once, but twice.
Have ethereum, Ripple XRP and other altcoins dipped?
Ripple's XRP, which just a few days ago had the second-highest market capitalization, has lost over three-fourths of its market value since peaking at $3.84 on January 4.
Monero, IOTA and Cardano were also impacted - since Monday, they have declined in price by 35%, 22% and 21%, respectively. If we look at the scenario just a couple of days back, the market capitalization was down to just $37 billion. From Bitcoin's ever-changing status - be it Bitcoin's biggest daily crash in months this week amidst South Korea's crackdown - to the parody Bitcoin rival, Dogecoin seeing its market value peak at $2 billion last weekend.
So it's not totally insane to assume this won't be the last major correction in the life of bitcoin or any other popular cryptocurrency. His previous forecast regarding Bitcoin price was correct, whether the new one comes true remain to be seen.
The price is down so heavily because of three events, the first being that CoinMarketCap chose to exclude Korean prices from price calculations, which meant the price shown was lower than before the...
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