RIPPLE over BITCOIN?? You MUST know the Bitcoin Rivals!!!!

We all know that 2017 was being dominated by bitcoin in crypto market and I believe 2017 should be termed as BITCOIN2017. This cryptocurrency massively succeeded which went high around $20,000 in December 2017. Can we say that 2018 going to be dominated by Ripple? Well the latest performance indicates that!!! 

Lat Friday Ripple (XRP) rose more than 50% which was nearly $85bn that indicates towards a good performance this year. Over the weekend Ripple traded real high(around $2.3) peaking at over $100bn, that surpasses Ethereum ($72bn) and bitcoin ($237bn).

WHY RIPPLE OVER BITCOIN:

Price wise Bitcoin offered 1,400% gain as compared to its price on Jan 1st 2017 and amazingly Ripple offered around 30,000% return. Ripple price touched around $2.3 during testing of cross border payments using cryptos by Japanese banks and South Korian banks. At the same time Bitcoin rose as discussions were going on related to the inclusion of Bitcoin in future trading platform. 

 Ripple’s CEO, Brad Garlinghouse, said on Twitter on Sunday: “Proud to be ending 2017 with incredible momentum on a number of fronts! A huge, heartfelt thank you to the amazing @Ripple team, our great partners and an incredibly supportive $XRP community.”The gains come as Ripple has made steps to establish itself as a coherent currency used by institutions. Established in 2012 and designed for interbank payments and settlements, Ripple has articulated a vision to ease the intense volatility experienced by other cryptocurrencies by establishing the structured sale and use of its currency.The company has more than 100 banks signed on to its platform, RippleNet, and was recently accepted for testing by a consortium of Japanese banks. Global banksincluding Bank of America, RBC and UBS are also customers.The company initially created 99bn XRP, and has released around 38bn. In May, Garlinghouse announced the company would place 55bn of its XRP into escrow and will unleash up to 1bn into the market each month. 

Source

As ripple is newer in technology, transaction processing time of this currency is around 3 seconds where Bitcoin takes longer time compared to ripple and that’s 10 mins in every transaction. Initially I was not concerned about this fact but later I realized some points. When you sell the bitcoin, if you sell this as market option (not mentioning sell price/stop limit) then in 10 mins, price movement can change the profit margin dramatically up or down. Whereas in 3 seconds, it really doesn’t matter.

The latest chart says the movement of Ripple(XRP) is really noticeable. Let me tell you my example, I have purchased few XRPs yesterday at around $1.9 and in 12 hrs of time, I’ve noticed the up/down movement like pulse which indicates a good future for trading this currency. Today again it touched $2 after a little correction from $1.8 yesterday.

EASY TO BUY: As Ripple(XRP) is in high demand and in breaking news now a days, many people already started for alt coin as XRP other than Bitcoin. Rather spending $13K and purchasing a single Bitcoin, its better to buy 13K ripples which within a span of an Year will give you an unimaginable return(seeing the prediction and current performance). However, another fact we have to keep in mind that bitcoin prediction for 2018 is also very good. There are some analysts who predicted that price may go upto 50K by December 2018. If you ask me, I really can't imagine this price as other currencies are also booming but nothing is impossible. 

The main motivation behind this post is to give you some pictures about the hot currency XRP or RIPPLE. I tried my level best to give you some insight and future prediction after reading many blogs and news. The prediction for ripple may go wrong (chances are 0.0001%) or may go correct but at the end it's individual's decision what exactly to do and which currency to buy. Good Luck and Happy New year once again. Happy steeming!!! Happy XRPing!!!

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