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Can ripple reach $1000 by 2019?

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Saloni Sheelwant
Hi, I'm Saloni Sheelwant and I like to read and write about life and its experiences. The world is full of magic and beauty which is now combined with vast forces of technology. I love to research and write about the new startups and technologies thriving into the lives of this generation at a very fast pace.

Trying to predict the future of Ripple

The cryptocurrency space has been very bearish for many of the cryptocurrencies apart from a handful of them in the year 2017. Also, the first quarter of 2018 didn’t prove to be bullish for the Bitcoin as well as other Altcoins. The cryptocurrency is ranked at the 3rd position according to coinmarketcap. It is the most widely adopted cryptocurrency by most of the banks and other financial agencies because of it’s Real Time Gross Settlement System and they consider it to act as a cost-cutting tool to their complex procedures.

It is among the cryptocurrencies which are said to give a tough competition to Bitcoin. Anyhow it can come nowhere near to Bitcoin in terms of its popularity and usage amongst the crypto community. Also until the cryptocurrency is not completely adopted by all the banks the price will keep fluctuating. Adding on to that is the fact that the cryptocurrency market itself is very volatile due to its low market capitalization, therefore, making Ripple difficult to reach new heights. The cryptocurrency market is dependent on the news and FUDs that any particular cryptocurrency can gain and a lot of value within a span of few hours or might even completely disappear from the list itself.

 

Can Ripple reach $1000?

Currently, the price is around $0.5 USD. For any particular cryptocurrency coin, the predictions can’t be made. The scams and frauds that being witnessed these days in the crypto market must also be kept in minds. One such move can cause the prices of the cryptocurrencies to fall rapidly. Ripple seems to have potential in itself but reaching the $1000 mark might take much longer than 2019. However, reaching the $10 or even the $100 mark is easy for Ripple.  When we say it is easy for Ripple to reach the $100 mark it means that a lot of patience is required and would take years together for Ripple to reach it.

Moreover, the supply of the cryptocurrency coins is not finite. The key people in the company can add a number of coins in order to fluctuate the market prices according to their wish. With this power in hands of the owners they can fluctuate the market prices up to $10 or even $100 but reaching $1000 is nearly impossible.

 

Impossible to reach $1000 for Ripple?

Reaching $1000 mark for Ripple is theoretically impossible because the market would not allow such a situation. Assuming that the market price has reached $1000 and over 100 billion coins available, would constitute for a total market cap for $100 trillion dollars. The combined market capitalization of three of the world’s largest stock exchanges NYSE, NASDAQ, and Japan Exchange Group is around 30 trillion dollars. 3.3 times this market capitalization of just a single cryptocurrency is obviously not possible. It is just the fantasies of Disneyland.

The market fall can happen on the other side of the spectrum that means which means that the price of the US dollar might fall and therefore the price of Ripple might automatically be elevated to reach $1000 mark.

 

China, India & South Korea

Along with the increased regulations in the Crypto space from the major Economic countries like China, India, and South Korea it is highly unpredictable that how the cryptocurrency market would look like in the future.  

Looking at the downsides of Ripple, it has a number of drawbacks and there might also be some unseen bottlenecks which might arise as its adoption increases in the future by a number of Banks and Financial Institutions. If any other cryptocurrency is invented which has better problem-solving methodologies then Ripple then it is inevitable that a paradigm shift will take place and Ripple will be pressurized to halt its progress.

There are many factors which are supporting the sustainment if the cryptocurrency. It’s low transaction fees is almost negligible when compared to the traditional fees taken by the various Financial Institutions for international transfers. Repulse scalability was the main factor that was kept in mind during its creation. It was originally designed to handle huge amounts of bank transfers.

Also, there are a number of reasons why the cryptocurrency bubble might burst in 2018 itself and hence would take enough time to recover and hence reaching the $1000 for Ripple mark doesn’t seem promising.

 

Ripple Projections

If we look from a fundamental perspective, XRP is one of the most exciting competitors in the cryptocurrency market. With the ascending volatility in the market, Ripple projections also turn in to take different roads. Based on predictions, Ripple XRP future value is expected to rise significantly in the span of the next ten years. The year 2020 is predicted to be a pump for the cryptocurrency. As per the forecast and analysis, the price of 1 Ripple will be around $4.52 in 2025 and might climb to $17.05 by 2030. Though slow, XRP seems to possess tons of room to grow. 

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

11 comments

  1. […] just on the internet. Web hosting a convention with some other Web business users can be helpful. ripple 2019 might create actual-daily life gatherings for you and your local community of consumers and site […]

  2. Yes, the amount of XRP IS in fact, Finite. The maximum amount of XRP that can ever exist is 100 billion. YOur article above is misleading in that you state that Ripple can release a finite amount of XRO into the market, which is simply not the truth. They receive 1 billion per month from an escrow. Of that one billion, they send back about 80% which then go onto the back end of a five year escrow. Please correct your article to reflect the correct info.

  3. The most XRP that can EVER exist is 100 billion, period. Once Ripple releases all 100 billion into the market (which will take 10 to 20 years or longer), then no more XRP can ever be created (it’s physically impossible because Ripple DOES NOT control the XRP Ledger). It’s like bitcoins 21 million being mined 100%.

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