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XRP is Still on Track to Reach $2 Next Year

It is always interesting to look at digital currency price predictions. In most cases, these estimates are pretty solid in the long run. When it comes to XRP, however, the opinions tend to differ quite a lot. Most people ignore this asset or think it will “die a horrible death”. Others see RIpple’s native asset head to $2 in 2018. It is hard to tell which party is right in this regard. There are a lot of people who wouldn’t mind seeing XRP soar.

One thing people often tend to overlook are the strong fundamentals for Ripple’s native asset. While it is not a cryptocurrency, that doesn’t make it less viable and valuable. It is not something the average person on the street will use themselves. Then again, neither is Bitcoin or Ethereum these days. All of these “niche markets” still have their own value and XRP will be no different. One difference, however, is how this digital asset is being used by banks and financial service providers.

XRP is Still on Track for Major Gains

To a lot of people, that will be the downfall of XRP in the end. Others see it as the core strength of this native asset. These conflicting opinions are neither right nor wrong at this point in time. It does show there are some genuine “feelings” toward this asset, for better or worse. In a rational market, XRP might be worth a lot more or less than it is today. Right now, the market is dominated by speculation, to say the very least.

That being said, Ripple’s asset may very well surpass Bitcoin Cash sooner or later. Unlike BCH, XRP effectively has proper fundamentals and is used by dozens of companies already. Moreover, XRP doesn’t need Bitcoin to succeed by any means. BCH is riding Bitcoin’s coattails first and foremost. XRP Is doing its own thing and faces a very different set of challenges. Once Bitcoin Cash falls, however, XRP will be there to take its place.

According to Profit Confidential, there is no reason to despair when it comes to Ripple’s asset. Their valuation of $2 per XRP by 2018 still remains in place. It is an ambitious goal, to say the very least. Even if this target hits, XRP would still be in third place ranked by market cap. That is, assuming Ethereum will go up rather than down by that time. If the latter, Ripple’s asset may very well come the number two digital currency in the world. An interesting situation, to say the least.

Header image courtesy of Shutterstock

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

Author: Currency

Updated: November 4, 2017 — 8:45 pm

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