As we head to the close of 2018, a good Christmas for a crypto asset might be an idea you have been toying around with. Whether you are gifting yourself or those close to you, Ripple XRP is a perfect choice and its value proposition speaks for itself. For starters, this is the third most valuable digital coin in the market in terms of market capitalization
XRP is not a crypto verse saint; it has its own strengths and weaknesses. The coin has been prominently in the headlines for negative and positive reasons. However, with the current competition in the market, critics will look at the negatives and supporters will focus on the positive side. A quick glace across the cryptocurrency market will reveal that XRP has your back covered in many areas.
Long Way for Ripple’s XRP Real Life Use Products
With a bearish market that has lasted for over two months, looking back at the XRP performance will not help much but looking at where it is headed in terms of product roll out and price standing, any prediction will come out on the positive. The next months could be the best and the December month might add a little spike across the entire crypto verse.
Ripple came to life in 2012 with a goal of making money movement cross border easy, fast, seamless and affordable for the ordinary user. Over the years, the team behind the project has been able to come up with three major products that will transform how the banking industry functions.
Mobile money has been very popular and Ripple timely entry into the payment market using their native XRP token has changed many lives particularly those who could not afford banking charges and related fees. With their flagship products of xRapid, xCurrent and xVia, the platform has everyone seeking better banking experience covered.
XRP (XRP) Payment Protocol a Global Brand
Most of the Altcoins coming up every other day only exist on paper and have no real life use cases to show for it. With XRP coin, the spent-ability has been tested and worked and has provided payments solutions to the banking sector and affiliate institutions.
The first company that embraced the Ripple network as a payment solution for cross-border payments was the German bank Fidor. However, as of now, Ripple has the biggest amount of partnerships in the industry, many of which use their protocols, such as Banco de Santander, Mastercard, American Express, Western Union, and so many others.
There are two types of systems in the crypto verse, the proof-of-work system, and the proof-of-stake system. Ripple is among the cryptos that work under the first system, or as it is called, the consensus protocol, which to say the least, is the most likely extended amongst renowned cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Nevertheless, unlike these two, Ripple has already an amount defined for their crypto supply; and that means that the XRP can’t be mined, and the same way, that none new XRP tokens will be created to change the quantity of the coin.
One of the most distinguished features of the consensus protocol is that it allows the validation of account balances in each transaction deployed in the networks, and like this, double spending is avoided. Automatically, the system will erase any malicious activity implemented by scammy people who intended to send a specific deal to multiple gateways.
The consensus occurs when a transaction gets deployed in the network, and distributed nodes decide by vote what would be the pecking order, a process in which the majority establishes the decision in only 5 seconds.
At the moment of writing the price of the XRP token is $0.277 according to Coinmarketcap. However, this price has been mainly influenced by the moves of Bitcoin and the generalized downtrend that the market has had during the whole year.
In this sense, Ripple continues to work on essential relationships and updates for the whole community, as well as for making the crypto get to the top again by the end of this year.
With relation to this, several good sources such as fxstreet, express.co.uk, and investingpr have forecasted that Ripple may get to remarkable heights at the end of the year, hitting the marks of the $8 or 10 dollars, an increase that would represent 40 or 50 times the current price of the token.
So in terms of retribution, the best option would be to buy XRP and hold it till the end of the year as the price increases, a fact that more likely will occur considering the strategies that Ripple is working on, including the integration of its 3 solutions in order to get a mass adoption of the XRP token.
Ripple has proven to be not only a robust and efficient payment platform, but it has also shown the market that it is here to stay in the top no matter what. The XRP token can become the second largest cryptocurrency again in just a matter of months if all goes well, so we all need to be prepared for what is coming.