The fame of the crypto world has doubled over the years, and now all investors look to the crypto realm as a potential place for future storage of money. This will enable the crypto market to expand, and crypto trading to become the new normal. Financial assets are still stored physically and transactions are made in a similar manner all over the planet, however, the future is bound to be almost completely digital.
This will enable many people to look at the market in a different manner and a new light. Such predictions only higher the value of crypto assets, and it is only logical that they may reach new heights of value in the near future.
Here we have Ripple included, a system made for banks and networks which works in currency exchange. Whether Ripple will reach $100 in the next five years is questionable, dependent on many factors.
According to an XRP_Cro survey, 72.4% of Ripple investors believe that the crypto asset may reach the value of $100 in the next five years.
Can Ripple reach $1000
Experts estimate that Ripple may not be able to reach $1000 in the near future. This stands as a reason because its market cap would have to hit a capital of $100 trillion in order for this to happen, which is rather impossible.
Now, such predictions can be uncanny in turning out untrue, because the market can hit indescribable values which we may not expect. However, for now, such estimations stand correct, and will only change when the market capital changes. Then there will be space for crypto coins to grow in abundance and value simultaneously.
The file suit which was made against Ripple by the end of last year by the U.S Security Department resulted in a major loss for market share it beheld. The lawsuit nearly halved the profits of the company and caused major setbacks for it in the market. After such an event, it will take time for the company to go back to power.
According to Ripple Coin News, it suggests that Ripple’s price may go uphill to a value of around $10. This enables experts to lay predictions for other crypto coins simultaneously.
When Bitcoin hit the value of nearly $50k this year, it was ensured that other crypto coins are bound to work in the same way and reach the same amount of engagement in the online realm. The crypto world is thriving in news and the audience which engages in it thrives on a consistent curve, which only goes upwards ever since the rise of Bitcoin last decade.
Can Ripple reach $10000
The afore-mentioned estimation concluded that it will be nearly impossible for Ripple to reach a value of $1000 in the market in the future. Therefore, for a price of $10000 to happen, it stands as even more unlikely for such a value to be reached or sought in the first place.
The price of Ripple is estimated to reach around 1-2 dollars at maximum by the end of 2021, however, there is a chance it might go higher, not surpassing the sum of $10. This prediction is backed up by analysts of the crypto world, and it stands aligned with expectations from other cryptocurrencies which are powerful currently, such as the likes of Bitcoin and Ethereum.
Will Ripple Make Me a Millionaire?
This is a tricky game to play because the crypto market is one of the most unpredictable markets in the world. For one moment, it can reach unthinkable heights, soar high in the sky, and then the other it could crumble down to a nest of destruction. Thus, it is not safe to say whether Ripple will make you a millionaire or not. Such assertions are made on a personal basis, and calculations should then be made accordingly.
It is best that your investment does not exceed sums of money that you cannot afford, it is best to have a safe landing. Think it through whether crypto coins are worth investing in at this point in your life, and if so, then go right ahead with it. As much as the crypto market is unpredictable, it can also be highly profitable. Many have chosen the road of crypto investment as a life investment, and it has turned out more than fine for them.
Will Ripple Win Against SEC?
The Securities Exchange Commission (SEC) is accusing Ripple of selling its XRP tokens as an unregistered security, thus violating the law. Ripple continues to deny this allegation saying that Ripple is not security. The chances of Ripple winning the battle with SEC are good for two reasons:
First, Ripple was fined in 2015 by the Financial Crimes Enforcement Network (FinCEN) and was qualified as a "virtual currency" not a security. The fact that a regulator like FinCEN has classified Ripple as a virtual currency may in some ways invalidate the SEC allegations.
Second, Ripple could be in a good position to win against the SEC as at the head of SEC now is Gary Gensler, a former chair of the Commodities Futures Trading Commission (CFTC). Gensler is known as a supporter of cryptocurrencies and had described Bitcoin as "a catalyst for change".