Connect with us

Altcoins

Can ripple reach $1000 by 2019?

Published

on

Reaching $1000 mark for Ripple is theoretically impossible because the market would not allow such a situation.

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.

Continue Reading
9 Comments

9 Comments

  1. Pingback: Can ripple reach $1000 by 2019? – Btc News Magazine

  2. Pingback: Madness seems to be returning, be careful reading headlines only! – CryptoNews – Cryptocurrency news, bitcoin, ethereum, blockchain, smart contracts

  3. Pingback: What You Have to have To Know About Investing Your Funds – The Love albrechtsentillman1 Blog 451

  4. Pingback: Real Estate Investments: Tips And Tricks For Good results – The Love albrechtsentillman1 Blog 451

  5. Pingback: What You Have To Know About Investing Your Money! – The Love albrechtsentillman1 Blog 451

  6. Pingback: A half a dozen-figure cash flow seems wonderful plus it, without doubt, fishing lures lots of people in to web business traps, yet it is not so realistic, at the very least, not quickly. If you want to make a business that creates funds that way, you shou

  7. Pingback: Remain In advance Of The Match With These World-broad-web Advertising and marketing and marketing Ideas – The Journey devine42abrahamsen Blog 806

  8. Pingback: The virtually productive business people you leave of all time image on the WWW receive a identical important divisor in popular. They observed the fashion to market on the WWW in front exactly but jumping in. Whether it had interpreted a farsighted clip

  9. Pingback: Further World-wide-web Marketing and advertising Support That Will Maxmize Your Earnings – The Life devine95abrahamsen Blog 731

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

Published

on

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

Continue Reading

Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

Published

on

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

Continue Reading

#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

Published

on

Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

Continue Reading

Trending