Most of you was probably Familiar with XRP. While it doesn't have the same Popularity as Bitcoin or Ethereum it's already at the number 3 of the Market Cap Rank.
What is XRP?
Released in 2012 XRP is a token used to represent the transfer of value across the Ripple Network. The purpose of XRP is to be a mediator for both cryptocurrencies and fiat exchange.
With the Market Cap of $13 Billion.
This Coin cannot be mined and huge amount of it is owed and held by Ripple itself and is not available for anyone.
The Current Coin value is $0.4186 and in January 2018 XRP hits it's All-time high price of $3.84 and All-time low in July 2014 with $0.002802
It is predicted to rise at $0.46 at the very end of 2020 and rising to $0.58 in 2021 and will achieve the price of $2.23 by 2025
XRP is showing a very promising potential, Many banks are implementing XRP in the banking transactions such as
Europe's banking giant, HSBC Holdings Plc, with assets of about $2.5 trillion, Banco SantanderBarclays PLC, Royal Bank of Canada, Toronto-Dominion Bank. and Japan-based Mitsubishi UFJ Financial Group with assets of more than USD 2.8 trillion are in partnership with ripple in adoption for digital payments.
as the transactions on XRP are instant and fast.
Also Ripple is more stable when compared with other cryptocurrencies because the RCL is governed by many banks and financial institutions. Which even Bitcoin and Ethereum do not have.
Ripple is among the few cryptos which gained in coin market when others are falling and is still sustaining it's stability today.
Many people started to use XRP to get their done transactionsin almost instantly too. And as the Bitcoin and Ethereum prices are continuing to Rise so is their Transactions fees. This will surely gives a boost to the other smaller coins such as XRP.
And with that many people are believing that the XRP will be the future of the digital payments thus investing in it will be a good choice it happens.
And honestly? I can actually see that happening. I believe Ripple is a good investment and has low risk since it's already is well known. It's like it's actually made and is being use to be a Currency more than being an investment itself.
Everyone can afford to own it.
Of course there's the saying that don't put all your money into one coin investment and before adding XRP it to your portfolios do further research and see for yourself.
Personally i already invested and still buying a few every now and then with just spare changes i have.
Everything has it's time and when the market is favorable, we can expect the same for XRP as well.
The price of XRP has gone up a lot these past few days. I have been keeping my eyes on the price. I should have kept my XRP but at least now I have learned to diversify.