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📈 Price Predictions Vera Thornpike

The Best Cryptocurrency to Invest in 2019

📈 Price Predictions
How to invest in cryptocurrency wisely? Here’s the list of the most promising cryptocurrencies you should consider investing in for 2019
The Best Cryptocurrency to Invest in 2019
Contents

Just like 2018, the next year promises to be full of ups and downs for all cryptocurrencies. That means there's still an opportunity to get rich — you just need to make the right bets. Due to recent Bitcoin fluctuations, traders' stakes turn the tables in favor of the altcoins with a strong technical backup. What are the best cryptocurrencies to invest in 2019? Here are the most promising blockchains and companies behind them.

Bitcoin and Ethereum Investments: Does It Make Sense?

The chances that Bitcoin will make its previous 1,000% rise are minor: the cryptocurrency community admits there are more technologically advanced alternatives. New altcoins pop up every day, and their developers keep surprising audiences with innovative features and the technological supremacy of their solutions. Although the bearish tendency of the market seems to subside a little, no one can guarantee that the Bitcoin price can break its previous records and hit $20,000 again.

What about Ethereum? It is still potent and promising, but there are many competitors coming up with more agile and sophisticated blockchains. Some companies are already shifting from Ethereum to Neo and platforms alike.

1. EOS: Ethereum's Number One Rival

Of all Ethereum's competitors, EOS seems to be the most technologically advanced platform. Why? First and foremost, it removes the main barrier for developers — the Solidity language (it's the only means of programming in Ethereum). Instead of it, EOS users have access to databases and instruments along with other numerous services, which means no knowledge of programming languages is required at all.

To top it off, EOS is more flexible than many other similar platforms: no gas fees are charged because 21 gatekeepers process the transactions. The coin isn't mined; it's produced by certain users elected by the community.

EOS has all the chances to become an advanced, popular blockchain platform, so don't miss your opportunity to buy it for $1.68.

Why EOS is technologically superior?
Advantages of EOS blockchain

2. Ripple: 2nd Coin After BTC

Slowly but steadily, Ripple has made its way to the second largest cryptocurrency by market cap after Bitcoin. However, it works with completely different principles. Ripple was created for large financial institutions rather than individual users: this cryptocurrency serves to facilitate cross-border payments, making them strikingly fast and cheap (a transaction costs a fraction of cent). Ripple Labs received huge support from corporate investors (such as Google), and now this cryptocurrency is being introduced by Asian banks and financial institutions around the world. We have already discussed that Ripple is unlikely to reach $100, but it is expected to reach the $1 threshold in the nearest future — its price is $0.29.

Here’s how the Ripple blockchain processes transactions
How does the Ripple blockchain work? It processes transactions between banks

3. Stellar Lumens: Makes the Perks of Ripple Available to a Wide Audience

Unlike Ripple, Stellar is designed to facilitate cross-border payments for individual users. While such payment processing giants as PayPal charge 5% fees for transactions, Stellar has only a $0.01 fee for 600,000 transactions! The processing speed is 5 seconds per transaction, which is quite agreeable. Moreover, the platform solves the issue of energy consumption that plagues Bitcoin and a few other blockchains. The proprietary Stellar Consensus Protocol is used to process operations instead of Proof of Work. The Stellar team has already partnered up with a few tech top dogs, such as IBM, so it enjoys enormous support from corporate investors.

4. Tron 

Why consider TRX? TRON recently acquired BitTorrent, which allows for developing safe decentralized torrenting methods in the future. For example, such innovations can help us to distribute files across a network and re-assemble them for user downloading.

Another one of TRON’s advantage is that it’s one of a few ERC20 tokens that have made it to MainNet. Although TRON’s growth isn’t as rapid as Ethereum’s, it has 300,000 accounts so far. At the moment, 1 TRX is worth $0.013, so it’s a good investment for traders with a shoestring budget.

5. Litecoin

One of Bitcoin’s main alternatives, Litecoin has made it to the Top-10 cryptocurrencies by market cap: it has reached a $1.45 bln capitalization and now is the 9th coin on the list. LTC has the average block mining time of 2.5 minutes against Bitcoin’s 10 minutes. Besides, it’s one of the big four on Coinbase.

Litecoin vs Bitcoin
Litecoin vs Bitcoin – main differences

While Bitcoin requires 95% of miners to signal that they support SegWit for activation, Litecoin requires only 75%. The lowering of the consensus threshold makes it easier for Litecoin to attract active investors. At the moment, Litecoin costs $26.15 — it’s been through ups and downs, but the cryptocurrency community believes in its potential.

6. IOTA

IOTA cryptocurrency was designed for the Internet of Things. It has four key advantages over other coins:

  • It’s scalable.

  • It’s fully decentralized.

  • Users aren’t charged fees.

  • It’s modular.

The technological secret underlying IOTA’s success is the Tangle. While Bitcoin uses a blockchain environment to maintain the ledger, IOTA’s Tangle is a directed acyclic graph (DAG). Such a system solves the problems of scalability and transaction fees. The sender performs some kind of proof of work and approves two transactions. Thus, the higher the number of users is, the faster transaction speed they can enjoy. To top it off, IOTA has a lot of applications.

Considering the fact that the number of Internet-driven devices is expected to reach 30 bln gadgets by 2020, and the market cap will be around $7.1 trillion, IOTA has a lot of potential, even though there’s a serious competitor – the IOTW startup.

IOTA vs IOTW – what is better for IoT devices?
Key differences between IOTA and IOTW

7. BAT

Basic Attention Token (BAT) was founded by tech specialists from all over the world. This token is designed for content creators, publishers, their audience, and advertisers. For example, users can donate to content creators in BAT currency, or get BAT rewards for watching advertisements. BAT is supposed to be used in the Brave browser, which repels malware and protects users’ privacy while surfing the web. With this browser, users will enjoy the content they like without annoying ads and ISPs selling their personal information.

At the moment, BAT is worth $0.14. The cryptocurrency is expected to start growing in a year or so.

8. Zcash

Even those who don’t use the darknet for making purchases will definitely like the idea behind Zcash: this blockchain is created for people who want their transactions to remain private. That adds the value to the coin from an investment standpoint, and it will only grow as the darknet continues evolving. Recently, the Zcash team has introduced technical improvements that will reduce the memory consumption of transaction privacy by 98%.

Add to that such facts as:

  • Coinbase recently called Zcash one of the coins with great potential.

  • Users’ transaction data can be revealed selectively.

  • Due to some similarities with Bitcoin, Zcash can become a store of value down the road.

At the moment, Zcash costs $59.5 and is the 19th cryptocurrency in the global rating.

9. Monero

A great alternative to Zcash, Monero is also used in the darknet market (for this reason, Coinbase isn’t likely to add it soon). The Monero blockchain boasts thought-through transaction schemes that involve ring signatures and stealth addresses that keep transactions private. Like Bitcoin, Monero also has the proof of work verification standard: it means there’s always value behind XMR. Aside from that, Monero has strong community support because it’s based on the principles of decentralization and privacy — those are the key values for investors and traders.

Monero’s key advantages are as follows:

  1. It has a superior mining algorithm. It’s designed so that ASICs wouldn’t have much technological superiority over usual computers owned by average users. It means that mining Monero would be simple for any user. Due to the absence of an entry barrier, Monero attracts more participants to fuel its development.

  2. Adaptive block size limit. Monero blocks are produced every 2 minutes, and the adaptive block size limit means that users will be automatically able to handle the future increase of transactions by expanding the block size automatically.

  3. I2P protects users from passive network monitoring, so nobody can say whether you use Monero at all.

The 12th cryptocurrency by market cap, Monero (XMR) costs $46.6. There are over 180 contributors supporting this blockchain, so it has all the chances to grow in value.

10. Skycoin

The blockchain behind Skycoin was designed to replace Bitcoin and Ethereum altogether. It has a well-developed infrastructure that serves the following purpose:

  • Skycoin will replace Bitcoin.

  • Fiber – a scalable and highly customizable parallel peer-chain platform – will replace Ethereum.

  • Skywire – the new decentralized Internet, a wireless mesh network where users are rewarded for exploiting it. It is meant to replace MPLS, IPv4/IPv6, OpenFlow, Tor, I2P.

  • Skyminer – the hardware that drives a decentralized Internet. Participants are paid for providing bandwidth, storage, and CPU power.

  • CXO – P2P cloud storage service that serves the distributed network of Skywire. It will replace IPFS, FileCoin, BitTorrent, Mega, Dropbox, and Google Drive.

Aside from it, the Sky-Messenger will be an analog of Telegram, Skype, Wechat, and WhatsApp, while BBS is meant to replace Twitter, Facebook, and Steemit.

All in all, the Skycoin project can become a great alternative to the traditional Internet. At the moment, Skycoin costs $0.92, and it might become one of your wisest investments in 2019.

The Strategy of Choosing a Cryptocurrency to Invest in

How to choose reliable and promising coins for investment? Here are a few recommendations for making smart investments:

  1. Opt for ICOs. This is one of the easiest ways to multiply your riches. For example, had you invested in Neo’s crowdsale, your return would currently be 160,000%, or 5,000% for Populous, or 4,000% for OmiseGo — well, you see that ROI may be astronomic. However, the majority of ICOs fail, so you should research thoroughly.

  2. Check out less popular exchanges. If you missed your chance to invest in an ICO, you can invest once the coin hits the market. During this time, there’s usually a short spike followed by a dump once investors seek short-term gains. This is a great opportunity to buy coins you’re interested in for a low price. Cryptopia and IDEX are perfect places to search for such types of coins.

  3. Track and time important events. This is a short-term strategy and should mostly be used by experienced traders. It’s not a secret that the price of a cryptocurrency rises after some partnership announcements or tech introductions. You can buy cryptocurrency cheaper and sell it for a higher price.

  4. Be in the know. There are thousands of cryptocurrencies that have already hit the market and thousands coming soon. You never know which gems you can stumble upon. Keep tabs on cryptocurrency news, research new projects, follow cryptocurrency Twitter accounts – knowledge is power.

Bottom Line

There’s still a myriad of opportunities to invest in cryptocurrencies that can potentially make you 10-100x returns. However, as you know, cryptocurrencies are very volatile. So before making a move, do your homework: research the cryptocurrency, blockchain, and development team behind it. If you really believe in the fundamentals of the token, the timeframe doesn’t matter. Once you buy the cryptocurrency, get all your patience and wait for when it gets listed on a major exchange.

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Ripple Flooded with Good News. Charts Don’t Show It

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Positive developments keep being announced by Ripple, yet somehow, they are not reflected in XRP’s charts.
Ripple Flooded with Good News. Charts Don’t Show It

Positive developments keep being announced by Ripple, yet somehow, they are not reflected in XRP’s charts. The latest announcement is that in a matter of weeks, Euro Exim Bank is set to begin using XRP-based xRapid for cross-border payments. The technology will be fully integrated and the bank plans to use XRP for payments across 80 countries.

Many of Ripple’s other partners are using the technology in some way, but so far none have opted to send international payments by exchanging their local currency in XRP. All in all, this is great news for XRP, but the impact will be best seen once Euro Exim Bank actually starts using it.

Chart Analysis – XRP/USD

Ripple’s XRP currently stands at 2nd place by market cap, behind Bitcoin and ahead of Ethereum, but has lost almost 12% over the last 7 days, trading at 0.326 (Bitfinex) against the US dollar.

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The pair broke the horizontal channel created between 0.40 and 0.35, and usually when the price exits such a pattern, it continues in the direction of the initial break. This makes us anticipate an extended period of downside price action, possibly headed towards the key support at 0.30. Even if that target is not reached, the bias remains negative as long as XRP is trading below 0.35.

Support zone: 0.30

Resistance zone: 0.35 and the EMAs to some extent

Most likely scenario: continued drop, minor upswings

Alternate scenario: RSI is moving up from oversold, so we may see stronger moves up

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Cryptopia Hacked: What Awaits the Crypto Market?

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Tuesday morning, crypto exchange Cryptopia announced via Twitter that on Monday, Jan.14, it “suffered a security breach which resulted in significant losses”.
Cryptopia Hacked: What Awaits the Crypto Market?

Tuesday morning, crypto exchange Cryptopia announced via Twitter that on Monday, Jan.14, it “suffered a security breach which resulted in significant losses”. This is the first hack of 2019, but it will probably not be the last, considering that in 2018 several exchanges were attacked and the evildoers don’t seem to be slowing down.

Cryptopia also announced that once the attack was identified, the exchange was placed in maintenance mode and the appropriate Government Agencies were notified, including the New Zealand Police and High Tech Crimes Unit. All trading on Cryptopia is currently suspended, but their trading volumes are relatively low, so the impact on the market is relatively insignificant and Bitcoin doesn’t seem affected at all.

Chart Analysis – BTC/USD

BTC/USD chart

Bitcoin is down almost 9% over the last 7 days, but the last 24 hours have shown a 2.52% bounce up, with BTC/USD currently trading at 3,677 according to CoinMarketCap’s aggregate data.

Currently, the pair has found support at 3,500, which is both a psychological level and a technical one. We also have a bullish trend line, which can offer support in the future; however, the short to medium term outlook is bearish, at least as long as the price is trading below the bearish trend line seen on the chart and below the 200-period Exponential Moving Average on the 4-hour chart.

Support zone: 3500 (different exchanges may have different prices but charts look almost identical)

Resistance zone: 200 EMA (4-hour charts) and the bearish trend line

Most likely scenario: potential break of support – the market is choppy with a bearish bias

Alternate scenario: irregular volatility (sharp moves followed by flat price action); no clear breakout

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Market Cap Shrinks, Ethereum Takes Another Blow Ahead of Constantinople Fork

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Since Jan. 10, the total market cap has shrunk from $138 billion to $118 billion and most cryptocurrencies have been sliding lower
Market Cap Shrinks, Ethereum Takes Another Blow Ahead of Constantinople Fork

Since Jan. 10, the total market cap has shrunk from $138 billion to $118 billion and most cryptocurrencies have been sliding lower, thus putting on hold all hopes of a Crypto Winter end.

Ethereum’s upcoming Constantinople hard fork is expected to bring substantial improvements to the network and is scheduled to occur at block 7080000, which is predicted to be confirmed on Wednesday, Jan. 16. Despite this good news, Ethereum has been dumping almost 24% over the last 7 days, with the majority of losses coming during the last 4 days.

Chart Analysis – ETH/USD

After reaching a high at 165 against the US dollar, ETH/USD tried several more times to break that barrier but failed to do so and tumbled into the support at $117, currently trading just 2 USD higher, at $119.

ETH/USD chart

There doesn’t seem to be any fundamental reason behind the drop (no piece of information that triggered it), so it appears this is a combination of Bitcoin correlation (BTC is also dropping and usually drags altcoins with it), technical reasons and maybe a pinch of the metaphorical FUD.

If the 117-barrier is broken, we can expect to see a further drop into the key psychological support at 100, but it must be noted that last time ETH hit 117, it jumped swiftly higher (albeit it was trading in a mini uptrend at the time). The Relative Strength Index is deep in oversold, but that alone is just an indication that a counter move will come later, not a buy signal.

Support zone: 117 followed by 100

Resistance zone: 127 and the 200 EMA (thick blue line on chart)

Most likely scenario: break of 117, potential move into 100

Alternate scenario: timid rally based on the oversold position of the RSI

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Best Bitcoin Mining Hardware in 2019: Prepare For Super-Powerful ASIC Miners

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In lieu of parroting about the death of crypto mining, U.Today takes an optimistic approach by reviewing the best Bitcoin mining hardware of 2019
Best Bitcoin Mining Hardware in 2019: Prepare For Super-Powerful ASIC Miners
Contents

The demand for Bitcoin mining hardware substantially dwindled in 2018 due to market woes but doesn’t mean that the multi-billion dollar industry is dead. Hence, U.Today takes a closer look at the most popular ASIC miners on the market as of January 2018.  

Top Bitcoin hardware manufacturers

Bitmain remains the biggest mining manufacturer with a market share of over 75 percent. However, its controversial IPO coupled with dwindling cryptocurrency prices put a damper on the chances of this juggernaut to remain at the top of its game.
image 
Halong Mining is a relatively new mining company that is also based in China. Notably, Halong is one of the most secretive mining companies in the crypto space given there is no information about their CEO, location or earnings, which eventually led to speculations that the company is a scam.   

Canaan Inc, which also expects to rake in more than $1 bln during its IPO, is yet another Chinese mining giant on the block.

Moving away from the armada of Chinese mining giants, it’s also worth mentioning BitFury (mining hardware and chips) that is based in the US.  

Picking the best Bitcoin mining hardware: beginner-level 

Avalon6


Canaan’s Avalon6 is a good entry point for those who are only making baby steps in the cryptocurrency industry. Here, we are dealing with one of the cheapest ASIC miners out there, which is rather simple to use on top of that. However, keep in mind that it only offers 3.5 TH/s of hash rate.  

In the US, the average cost of electricity currently stands at 12 cents. Considering this, you would get a $1.68 daily loss.
imaga

Antminer S9

Antminer S9 is yet another Bitcoin miner that belongs in the ‘O.G’ crowd – this miner has long remained Bitmain’s flagship product that became ubiquitous in the crypto space. With a hash rate of about 12.93 TH/s, it also remains one of the most powerful miners out there, and one can say that S9 is truly the gold standard in today’s crypto space without any flowery.     
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When money is not an issue
Dragonmint 16T


Dragonmint 16T is the ambitious project that is supposed to disrupt Bitmain’s hegemony. At one point, that was one of the most powerful miners out there, boasting a staggering 16 TH/s hashing power. Halong Mining reportedly forked out $30 mln in order to produce this miner.
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Innosilicon Terminator3

Prepare for a monstrous hashrate with Innosilicon T3, the miner that definitely lives up to its ‘Terminator’ name. Apart from wowing miners with 43 TH/s, this ASIC, developed by Bitmain’s competitor Innosilicon, also strives to become the most efficient and, subsequently, the most profitable miner out there.
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Innosilicon Terminator3 is currently available for pre-order, which kicked off on Nov. Nov 11 with the minimum order quantity standing at three units (you will have to fork out $2279 for each). The first release of Innosilicon T3 is scheduled for January 2019.

In addition, you can also check out Innosilicon A9 ZMaster, which rivals Antminer Z9, one of the latest ASIC miners from Bitmain that is designed for Equihash-based currencies.  

Bitmain S15/ T15

Forget about Antiminer S9 – there are already more powerful miners in the Bitmain town. Give that a lot of competitors are already breathing down Bitmain’s neck, it didn’t take this mining giant too long to come up with its own next-generation 7nm miner - Bitmain S15, yet another gem in Bitmain’s crown.
image
Earlier, Jihan Wu, the co-founder of Bitmain, gave a lecture in September where he claimed that the brand-new ASIC chip would be able to integrate more than a billion transistors with a ‘special circuit structure’ that could help the miner to reach the maximum level of efficiency.

Ebit E11+

Ebang’s E11+ is a more advanced successor of E10. With the hash rate of around 37 TH/s, Ebit E11+ stands out as one of the most powerful ASIC-miners out there, only lagging behind Innosilicon. It is worth mentioning that major currencies (Bitcoin, Bitcoin Cash), as well as some little-known altcoins (ACOIN, DEM), can be mined with this hardware.

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WhatsMiner M10

WhatsMiner M10 is an upstart on the block that became known to the world on Dec. 20. The plug-and-play Bitcoin miner offers a seamless mining experience with a 33 TH/s hashrate. The miner will set you back $1,475.
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However, Pangolin, a brand-new mining producer, also has a true beast up its sleeve – Whatsminer DCR. The behemoth of a miner, which you can currently buy for eye-popping $4,490, offers 48 TH/s, easily making Whatsminer DCR the most powerful miner on the market. Batch 2 ship date is scheduled for Jan. 10.  

GMO miner B3

GMO miner B3 is one more representative of the batch of future ASIC miners. It lags behind Innosilicon T3 in terms of maximum hashing power (B3 supplies you with 33 TH/s). Still, these miners are pretty much on par in terms of mining efficiency given that B3 has a lower level of power consumption.

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However, the Japanese mining behemoth recently made an announcement about shutting down its cryptocurrency sector due to falling cryptocurrency prices. GMO will continue its in-house mining business but it will stop selling its mining hardware. All miners are currently sold-out.

Additional accessories  


Apart from the miner itself, you have to buy additional devices:

  1. A power supply unit (PSU).

  2. A mining rig if you want to buy a couple of ASIC miners.

  3. A cooling system (although, some miners, such as Bitmain’s new water-cooled Antminer S9 Hydro, already have inbuilt cooling solutions).

  4. Internet bandwidth. It is commonly known that Bitcoin doesn’t require much bandwidth but mining rigs with a higher hash-rate will require a faster Internet connection.  

  5. Your computer. Just like in case with Internet supply, your computer is not of great importance given that your ASIC is used for computer power. Even Opteron won’t outperform a batch of S7 miners.

Is GPU mining dead?

GPU mining remains in the doldrums as of now, giving gamers a major cause for celebration. The ASIC monopoly has taken over GPU mining, putting an end to a democratized mining space. That explains why Nvidia and AMD have already left the market. Speaking of popular GPU choices, we still have to point out Nvidia GeForce GTX 1070 and AMD Radeon RX580 as the most profitable graphic mining cards. Moreover, you can currently purchase these at a super-cheap price as the mining difficulty continues to drop.
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CPU mining hasn’t been a thing since 2010. To put this into perspective, Antminer S9 has 1800 processing chips while high-end PCs only have eight corers.

Generally speaking, there have been three generations of Bitcoin miners:

  • CPUs;

  • GPUs;

  • ASICs.

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Mining hardware of the future

Having covered the mining hardware of the past, we are now getting down to the mining hardware of the future. Back in May, it was revealed that a lot of secret ASIC were built for Monero, making up almost half of the coin’s total hash rate. There are still superpowerful ASIC miners in the likes of ASICminer Zeon 180K that generate huge profits.
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While there are miners with monstrous hashrate (and most probably many ‘secret’ ASIC chips in the offing), there is one thing that becomes clear – crypto mining of future will be getting more and more centralized, but the expansion ASIC equipment could democratize this market.  

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Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

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Ripple seems to be on the bright side, but will it reach $10? Read Ripple price prediction 2019 to find it out
Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$
Contents

2018 was a truly successful year for Ripple: while other cryptocurrencies suffered in the never-ending bearish market fever, XRP managed to survive and even climb to the position of the world’s second cryptocurrency by the market cap. What will happen next? Here’s our Ripple forecast 2019.

Ripple background

Before we plunge into Ripple predictions, let’s refresh our knowledge of Ripple. This cryptocurrency is special: it has a different nature and destination, that’s why XRP has a higher potential than other tokens around.

Ripple was invented in 2012 by Arthur Britto, David Schwartz, and Ryan Fugger who founded the Ripple company. Initially, they used C++ project code and designed a network for real-time gross settlement and currency exchange. In 2013, Ripple Transaction Protocol (RTXP) was introduced: the new payment protocol allowed for instant money transfer between two parties.

Between 2014-2017, Ripple started putting a heavy focus on the banking market: RippleLabs experimented with an App for iPhone that allowed users to send and receive transfers. Since 2013, the Ripple protocol has been implemented by numerous financial institutions to offer an alternative remittance method for people.

German bank Fidor was the first to use the Ripple network to drive cross-border payments in part of 2014. Prominent banks followed its suite: Cross River Bank, CBW Bank, Earthport, HSBC and Bank of America were the next to reap benefits from Ripple.

image

What makes it superb?

So, what makes Ripple stand out from the crowd of altcoins? First, it uses the consensus protocol instead of the proof-of-work system (used by Bitcoin and many altcoins alike). The protocol validates account balances and transactions in the network, improves the integrity and avoids the risk of double spending. Thanks to this protocol, a transaction is processed within 5 seconds, which is quite speedy.

Although transactions are made in the consensus ledger, there is still anonymity preserved because transactions aren’t linked to any account or ID. Other unbeatable advantages of Ripple include:

  1. Versatility: Ripple is easy to adopt, that’s why banks and financial organizations prefer it for performing their business operations.

  2. Exceptional transaction speed. Within 5 seconds, a transaction is settled, registered and verified. This is a significant improvement – Bitcoin takes 10 seconds to finish an operation, while a traditional wire transfer can take several days or even weeks.

  3. Low transaction fee: 0.00001 XRP is nothing compared to the cost of a cross-border payment.

The list of Ripple’s advantages is endless, but they all boil down to one simple fact: Ripple is the most efficient cryptocurrency for cross-border bank transfers.

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Factors defining Ripple price prediction

Although Ripple price prediction 2018 didn’t come true, and the coin hasn’t reached $1 yet, the vast majority of crypto experts are still very optimistic: some are sure the coin can reach the $5 threshold this year. Wonder if it’s possible? There’s a myriad of aspects that dispel doubts. So, what will trigger the growth of Ripple down the road?

Massive adoption by banking institutions

Ripple addresses the major banks’ problems: slow transaction processing speeds, high transaction costs, and lack of safety. Besides, it makes cross-border payments way more efficient than traditional payment providers.

Thanks to these facts, many financial institutions are eager to implement Ripple: the number of current partners has already exceeded 100 institutions. With so many influential supporters around, how can it fail? XRP price prediction is positive mostly due to the hype around corporations.  

What about individual traders? Will they get a piece of the pie? The rumor goes that XRP could be added to Coinbase, one of the largest and most popular trading platforms. XRP community is anticipating this even, and such announcement will be very bullish for the coin.

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Future partnerships

Since Ripple positions itself as the preferred distributed ledger technology for cross-border financial transactions, it’s being adopted by financial organizations around the world. Unfortunately, XRP price doesn’t rise correspondingly with the number of partners. Why so? Some crypto experts suggest that some companies do not utilize Ripple’s native XRP coin.

However, the future partnerships can make the most optimistic Ripple price 2019 forecasts true:

  1. The Flutterwave company. Flutterwave is an African firm that strives to bridge the gap between Africa and the global economy. If wants to utilize Ripple to create a payment infrastructure for completing this task. This partnership will open the gates to Africa for Ripple that’s used in other parts of the world. The xCurrent technology will enable instant payments in real time and is said to impact XRP price positively.

  2. Moneynetint, a UK e-money company specializes in international payments between corporate clients. It will process a huge amount of XRP, which is also great for XRP predictions. Here’s what Yishay Trif, the CEO of Moneynetint said:
    “Once we realized how professional the Ripple team was and supports the process, we decided to choose them. We expect that together we will be able to lead significant development and simplify processes in the area of cross-border money transfers. The processes of interfacing and approval between financial institutions, previously taking months or even years are now significantly reduced to a matter of days to a few weeks.”

  3. Changelly, a virtual currency exchange, will allow users to buy XRP using debit or credit cards. It’s possible thanks to SimplexCC credit card processor. The platform is encouraging people to invest in XRP, and many users will surely follow this advice now when buying crypto is made cheap and easy.

Ripple can boast a long list of current and future partners: dozens of financial institutions will be using the XRP token in 2019, so it’s logical to assume that Ripple 2019 value will soar.

It’s the fastest transaction processing platform

Until recently, Visa was the fastest company in terms of transaction processing speed. However, Ripple has overtaken the top position. After the latest upgrades, its system is able to process up to 50,000 transactions per second (Visa can process up to 24,000 TPS only).

Now Ripple offers the xRapid package: corporations subscribing for it can enjoy faster and safer transactions. Besides, it reduces the cost of currency exchange, which can save companies millions of dollars.

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There’s still much potential to realize. The Ripple team is also working on its Xpring solution:

At Ripple, we will continue to use XRP to make it perfect for entrepreneurs looking to solve problems across identity, trade finance, gaming and virtual goods, provenance, real estate, insurance, digital media, and many other industries. Xpring’s entrepreneurs and companies will leverage XRP for use cases like these, among others.”

Ripple price prediction 2019: Can XRP reach $10?

Judging by the above-mentioned facts, Ripple has no chances to short sell. The cryptocurrency should definitely undergo significant growth in this year. But how high can Ripple XRP go? Here’re a few Ripple 2019 forecasts from different sources:

  1. According to investinghaven.com, Ripple prediction is $20. This conclusion is based on fundamental and chart analysis combined. The forecast will be justified, if institutional money continues flowing to XRP, Ripple’s tech solutions promote using XRP, and the company continues growing its revenue.  

  2. Such websites as fxstreet and express.co.uk give moderate Ripple price predictions: they believe that XRP has enough potential to triple its value and reach around $3-$5 by the end of the year. This assumption is based on the fact that Ripple is the best investment opportunity of this year.

  3. Ripple coin news, one of the largest news websites, states that 2019 will be a smooth period for the currency, and new technologies together with new partnerships might help it to reach the price of $8-10 dollars.

  4. UsLifted, a crypto prediction website gives the following Ripple XRP price prediction: its specialists believe that by 2020, XRP can reach $22.79 with a circulating supply of 38,739,145,924 XRP.

  5. According to Coinswitch, XRP will reach about $1,20 in 2019.

  6. The Economic Forecast Agency claims that Ripple would fall further to $0.32 in 2019. This scenario might be real if the product will no longer be used.

  7. Metro, the Uk’s biggest newspaper publication states that Ripple would fall to $0.22-0.28. Why so? They suppose that Bitcoin will continue dominating the market and even reach $20,000.

Thus, the vast majority of companies are sure that Ripple won’t reach the $10 threshold, but $5 is a realistic sum. Even the value of $5 will represent 15x ROI, which is great.

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A fly in the ointment: Why Ripple price forecast can be false?

Are there any factors to hinder Ripple’s growth? Surely, the crypto community has a few concerns over the future of XRP.  

First, some claim that XRP has no real value because it’s not a security, e.g. it doesn’t represent the real company shares. But is it so bad? If Ripple shuts down, the XRP ledger will continue working the same way as before. Here’s what Brad Garlinghouse, the CEO of Ripple, commented upon it:

I think it’s very clear XRP is not a security. There is a whole number of reasons for that. If Ripple the company shuts down, XRP trades on over a hundred exchanges around the world and XRP would continue to trade. Ripple is one important participant in the XRP ecosystem but there are a whole bunch of participants.

Secondly, some crypto enthusiasts blame Ripple for going against the principles of cryptocurrency. While crypto is meant to be decentralized (which means no company can have control over it), Ripple Labs hold 50% of overall XRP supply. That hurts liquidity of the coin and can have a negative impact on its price.

Another sign of centralization is the consensus ledger approach that differs from Bitcoin standards. Ripple uses validated participants to verify operations – only pre-approved participants can verify transactions. This is another form of authority Ripple Labs have.

Thus, Ripple doesn’t play by typical rules – it has a centralized structure. Besides, the company puts a heavy focus on the payment tech rather than its cryptocurrency. However, if financial institutions don’t get discouraged by those facts, there’ll be nothing to stop Ripple from further growth. Just look at the list of supporters: it’s enormous!

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Bottom Line

How high can Ripple go? Considering the current Ripple achievements and the major companies it partners with, the predictions are mostly positive! Ripple Labs has already found a lot of supporters, they’re gradually implementing their tech all over the world and are working hard to live up to investors’ promises.

Our prediction is that Ripple can reach $3 in 2019: this assumption is based on the current Ripple developments. But please remember that no one can give you a 100% warranty: the world of cryptocurrency is very unstable and unpredictable, and things can change in a matter of a few days.

Do NOT invest more than you’re ready to lose. If you want to bet on Ripple, use the money you can allow living without.

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