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Will Ripple Reach $100 or More in the Next 5 Years?


Will Ripple Reach $100 or More in the Next 5 Years?
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With Ripple resisting the trends of the bearish market and growing in price, many investors have high hopes for making profits with XRP in the coming years. Can Ripple hit the 100 USD threshold? What are the chances of that? Let’s find out what XRP’s potential value is, and compare the opinions of Internet users and advanced traders.

What makes Ripple superb?

Unlike Bitcoin, Ripple was created for a different mission: this is an open-source protocol that enables cheap and fast transactions. Ripple was designed for institutional users and banks rather than individual users because it facilitates international transactions in a huge volume. While it sounds too ambitious, practice shows that Ripple does its work pretty well.

Ripple serves both as a currency and a platform: it helps people find each other and exchange literally any cryptocurrency, including Bitcoin and hundreds of other altcoins. The transaction fee is minimal – $0.0001. It was introduced to prevent DDoS attack and hackers.


It goes without mentioning it has a pretty high transaction processing speed: at the moment, Ripple is capable of processing about 1,500 operations. Unlike other cryptocurrencies, the platform works without blockchain — it uses the Ripple protocol consensus algorithm (RPCA) instead.

Ripple’s key advantages
Ripple has a lot of advantages over other coins

Ripple’s superiority is also conditioned by the huge support it gets from investors. Just look at the list of contributors:

Date

Funding type

Investor

Amount ($ mln)

April 2013

Angel

Andreessen Horowitz, FF Angel LLC, Lightspeed Venture Partners, Pantera Capital, Vast Ventures, Bitcoin Opportunity Fund

2.5

May 2013

Angel

Google Ventures, IDG Capital Partners

3.0

November 2013

Seed

Core Innovation Capital, Venture51, Camp One Ventures, IDG Capital Partners

3.5

May 2015

Series A

IDG Capital Partners, Seagate Technology, AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Bitcoin Opportunity Corp, Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures, Venture 51

28

October 2015

Series A

Santander InnoVentures

4

September 2016

Series B

Standard Chartered, AccentureSCB Digital Ventures, SBI Holdings, Santander InnoVentures, CME Group, Seagate Technology

55

Ripple’s expected growth cannot be overestimated thanks to the huge list of banks that partnered up with it: Union Credit, Westpac, NBAD, UBS, Axis Bank, Yes Bank.

Why can Ripple’s 100 USD price prediction become a reality?

In the following years, Ripple will sell 55 bln XRP that is locked in escrow. Once the sale is finished, the vast majority of coins will help in banks, so usual investors won’t be able to purchase coins. Although there are billions of coins, the situation when an investor is ready to buy a coin at any price, say, $100 or $1,000, is possible. Deficiency can make XRP prices soar.

Major Ripple corporate investors
The list of Ripple investors is quite impressive

Another reason to assume that XRP can hit $100 is that Ripple is too sublime to fail. While Bitcoin hasn’t been properly adopted and is too slow, Ripple is making its way to the top at a steady pace. It will soon be the global currency circulating in world banks: the team is already doing business with American Express and Japanese banks.

So if you still wonder, “Will Ripple reach $100?” don’t doubt: Wall Street professionals and world banks are likely to boost its value considerably.

Will Ripple reach 100$? Here’s what numbers say

Yet, when estimating how high will Ripple go, we shouldn’t forget about real facts. Let’s do simple math.

Total Ripple Supply= 100,000,000,000 XRP

For XRP to be worth a $100 in future it should earn about 100,000,000,000 x $ 100 = $10,000,000,000,000 capital.

That’s $10 Trillion (Bitcoin’s current market cap is $213 bln).

How much is it now?

Compare:

The U.S. GDP was about $18.46 trillion in 2016. With Apple worth $800 bln, you could buy 12.5 Apple companies for $10 trillion.

At the moment, no company has reached the market cap of even $1 trillion with Amazon, Google and Apple being race leaders. Compared to that, Ripple’s $17 bln market cap is nothing. To reach XRP $100 price, the company should do something impossible.

World money in perspective
For XRP to hit $100, Ripple’s market cap should exceed the total cost of all gold on Earth

Most likely, Ripple 100 dollars threshold won’t be hit within the following five years — its total supply is too high. Yet, when it comes to Ripple price prediction 2030, such suggestions can apply.

Experts’ Ripple price forecast

What do professionals think about Ripple’s future?

Roman Guelfi-Gibbs, the CEO and Lead Systems Designer for Pinnacle Brilliance Systems Inc., reckons that the world needs time to digest the technological headwinds caused by altcoin. 2018 is only beginning — the true rise of Ripple will be witnessed in 2019.

Samson Williams, CSO of Ireland-based fintech firm SeedUp, says that Ripple isn’t a cryptocurrency but rather a new toy for banks. However, after 2018, it should get a bump.

Shidan Gouran, president of Global Blockchain Technologies, expressed the following opinion:

Ripple is unlikely to go up by one or two notches in the cryptocurrency world in 2018, and this is the case for three reasons. The first reason is the sheer dollar volume that separates each of the three currencies in the top positions, in terms of their market cap. Bitcoin is at over $191 billion, Ethereum is at over $84 billion, and Ripple is at over $35 billion. To displace Ethereum would require a deficit of about $49 billion to be closed (which is more than double Iceland's entire national GDP). The second reason is that the use cases for Ripple are mostly for the trade of assets, not for day-to-day spending. As consumer awareness of cryptocurrencies will rise significantly in 2018 and beyond, the interest of the masses will be on cryptocurrencies that can be used as currencies, not just for investment transactions. Finally, the third reason is that because Ripple cannot be bought with fiat currencies, one must purchase existing cryptocurrencies such as Bitcoin and Ethereum to purchase XRP. This goes on to feed demand for Bitcoin and Ethereum, and will only solidify their positions as the top two cryptocurrencies on the market.

Therefore, Ripple’s projected growth isn’t likely to be stopped, but it’s not so tremendous for the currency to get even to $50.

It’s time to unlock the potential: How high Ripple’s price can go?

As you can see, Ripple’s price prediction for 2020 and further is mostly positive: no one doubts that the cryptocurrency has enough potential to conquer the market. But when it comes to the cost of the asset, the future is unclear.

Even if you’re a very accurate and smart trader, you will never be able to predict the exact cost of crypto referring to its past. There are too many factors that count. Therefore, no one can say for sure how high could Ripple go. Check out the diversity of forecasts from WalletInvestor.com:

XRP price predictions
Ripple prediction from different sources

What are the factors that may influence Ripple’s growth or slow it down?

Factors contributing to XRP development

Factors hindering XRP development

Ripple is not just another startup — it’s a potent project with serious technical advantages.

Ripple is highly centralized — that repels some crypto enthusiasts and potential contributors.

Lack of inflation. All tokens are emitted initially.

Ripple Labs owns 61% of coins, which makes Ripple close to a monopoly.

Ripple is supported by banks worldwide, and if one day they decide to use it as a unified currency, early investors can make a great profit.

There’s still a risk of hacking — all in all, Ripple is an open-source code.

 

Ripple can freeze users’ transactions as it happened with Jed McCaleb’s XRP sale worth $1 mln. Theoretically, transaction freezing is against Ripple’s principles.

Bottom Line

So, can Ripple reach the 100 USD price? We never know how high can Ripple (XRP) can go. However, the numbers cannot be ignored: for the price to get to $100, the company should reach vertiginous heights.

No matter what, Ripple still remains one of the most attractive cryptocurrency investments in 2018. It is surviving in the current cryptocurrency market fever, and Ripple Labs are tight-lipped about their project. With substantial support from governments and banks, it can depose Bitcoin from the throne and turn into a versatile means of international transfers.

However, if the newly released XRP is sold to banks, getting it on the exchange market will be quite a challenge for regular users — deficiency can make XRP prices soar. Therefore, investing right now is the best decision you can make, but remember that you should invest only what you can afford to lose. In cryptocurrency, no one can give you any guarantees.

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Blockchain Developer Salaries. Top Job Offers of Blockchain Companies

  • Eric Croix
    📚 WikiCoin

     

    Are you fascinated by Bitcoin and Ethereum? Would you like to take part in the development of Web 3.0 and the payment systems of the future? Then you may also be wondering how much you will be paid for such work. Tune in to find this out!


Blockchain Developer Salaries. Top Job Offers of Blockchain Companies
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The blockchain sphere was sort of under the radar since the introduction of Bitcoin until finally Ethereum’s ERC20 standard appeared and gave birth to thousands of startups in 2017. The ICO craze led to a notorious crypto bubble, which drove up the demand for quality developers. Innovative technology, low competition, and startling salaries attracted many of the engineers from other spheres to the blockchain space. As they were building new networks and dApps, the infamous crypto burst of 2018 occurred and some of the companies started to rapidly lose the funds they raised.

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After the dust settled, the surviving startups realized that the only competitive advantage they can have in the future is only a real working product. The times when people paid millions of dollars just for a white paper are gone. Hence, to make it through hard times and eventually prosper, crypto companies need experienced engineers even more. In addition, large enterprises like IBM and Google realized the new trend and are now making the competition even tighter. Unlike the freshly appeared startups, these behemoths have plenty of cash in their pockets to pay a premium for good specialists.

Considering that the blockchain sphere is still in its infancy and there is enough room to grow professionally and financially, engineers around the world are still looking into entering the space. There are also people who never touched a terminal but were attracted to the crypto market during the latest bull cycle and want to start their professional paths within the industry. For all of them, it will be useful to know the size of a paycheck to aim for. Therefore, in this article, we will present you with an overview of the job market for blockchain engineers. Let’s get going!

Where to look for a job?

Traditional job listing boards

Traditional aggregators

For our first step, we took the most popular website for job search overall, which is Indeed.com and also a resource that is used by startups to post their listings – AngelList. We also included LinkedIn, as it’s by far the most used social network for professionals. The blockchain-related openings on these resources soared significantly (in some cases more than 4 times) from 2016.

Specialized aggregators

Specialized aggregators

The new industry inspired a new type of job board. Currently, there are several crypto-oriented resources where one is able to find a job in a crypto startup. Among such service providers are Blocktribe, Cryptojobslist, Blockace and a number of others.

Upwork

Upwork logo

For people, who are familiar with working remotely, Upwork is the go-to resource to find clientele. This is the most popular freelance website in the world and the paychecks there can be astonishing.

Company websites

IBM/VISA/Google logos

Some of the job postings for large (and some small) companies never leave company websites. Recruiters may be in a passive mode of searching for some positions, so it’s always useful to double check the ‘career’ section on websites.

How big of a paycheck to expect

Blockchain developers make 10 to 20% more than their non-blockchain peers. This is on par with AI software developers. For instance, if we talk about the most prominent place for software companies, Silicon Valley, a blockchain engineer’s salary there may reach $158k USD a year, while a hardware engineer’s salary will only be $135k USD. Switzerland companies in some cases offer even higher salaries that may go up to $180k USD a year, but you have to consider that the taxes and prices there are quite high too.

Median salaries

If we review the market as a whole, the average salary for software engineers specializing in blockchain is $114k USD. The range of salaries goes between $50k and $134k USD a year for a full-time job. For freelancers, the hourly rates start from $15 and continue up to $300 USD.

As we discussed in our article about the most popular languages in blockchain development, there are new ones like Solidity and Simplicity that are just starting to get traction. Enterprises with their products are also more inclined to pay higher amounts of money to those, who already have narrow specialization, such as Hyperledger composers.

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Enterprises vs startups

It’s important to distinguish between young companies and well-developed enterprises. Startups are looking to recruit the best professionals out there as they influence the company’s image. People heading there will receive more responsibility, freedom of making decisions and room for professional growth. On the flipside, the salary range is in the lower bracket of $50k to $70k USD. However, in the long run, financial rewards can be much higher for some devs, as they may be offered equity in the company or certain allocation of tokens that have a chance to skyrocket.

Startup vs Enterprise

For those, who are looking for more secure positions, enterprises represent a better choice. Starting salaries for junior developers can be from $70k to $80k USD and senior devs usually start getting from $100k to $120k USD. The drawbacks could include a limited set of tasks, the need to report more to seniors and not so many promotion prospects. In addition, enterprises will be able to provide better social compensation and benefits.

Top offers

  • Senior Managing Consultant at IBM ($122k-$179k USD/year)

IBM is one of the leaders in software development with a great legacy of hardware development. With Hyperledger and Sawtooth, IBM strives to capture a significant share of the developing blockchain market. The position they offer pays well and requires an appropriate level of experience, at least 5 years of programming and half a year in blockchain development.

  • Blockchain SI Partner Development Manager at Microsoft ($109k-$172k USD/year)

Considering the size of Microsoft and their involvement in cloud and blockchain solutions based on their Azure platform, there is no wonder that it makes it to the top of our list. Except for advanced programming skills and knowledge of the proprietary software, this job will require the perfect candidate to have a background in business communication and management experience.

  • Blockchain Engineer at Visa ($110-$140k USD/year)

Visa, like any global payment system, feels the competition from cryptocurrencies the most and tries to get the best talent to evolve quickly. A developer joining this company should consider making an emphasis on Java and Golang, as Visa requires two-year experience with these languages. Expertise in other spheres of software development will also be a plus along with specialization in scalable products.

  • Blockchain Developer at Blocksmith ($45k-$65k USD/year)

Here we step onto the startup grounds. Blockchain offers outsourcing services related to the blockchain to other startups and enterprises. In their job posing, Blocksmith highlight willingness to learn and share knowledge as the core requirements. Unlike enterprises like Visa and IBM, they value personality more than tech expertise. In addition, the person who gets hired will be eligible for equity share after working within the company for more than 6 months.

  • Senior C++ Blockchain Developer at Atlas City ($90k USD/year)

Atlas City is another startup that is focused on helping other businesses to cut costs and boost efficiency. The team looks for a person with decent knowledge of blockchains, which is apparent by the requirement of knowing C++, a language Bitcoin was built with. Among other requirements worth considering is the knowledge of Linux and back-end scripting. The salary for a startup is rather high and there is a neat bonus of being eligible equity.

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The bottom line

To sum up, the blockchain sphere with its incredible volatility and instability is still a technical environment that is set to disrupt our world and transform it completely. Despite rallies and crashes on the market, the business side of blockchain has been rumbling since its inception.

This field is definitely challenging because there are many undiscovered territories, and the infrastructure is not always clear. However, anyone with exceptional ambitions and libertarian views will feel comfortable in the epicenter of the blockchain development buzz. Thankfully, at this point in time, there is no shortage of opportunities, and the level of experience varies greatly from company to company. In some cases, personality comes before knowledge. If you feel uncomfortable working at the office, you will be glad to find out that there are not only many freelance opportunities but also remote offerings from startups and enterprises.

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When it comes to payment, like in any workplace it will depend on a number of variables. First and foremost, you will have to choose between working in a recently initiated startup or an enterprise with a long history of operation. Second, your development experience along with the knowledge of specific languages will play an important role. Third, if you want to get a higher position, be prepared to learn or prove some managerial skills. Finally, your personality and willingness to learn new things in such a fast-paced environment will also be evaluated by hiring parties. In any case, you can safely consider that your payroll will be a little bit higher than the average for developers in other fields. After all, the demand for the workforce in the blockchain is high and the supply is low – it’s time to ride this wave!

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