Many early adopters of Bitcoin made a lot of money selling recently near the top. According to the opinion of many crypto experts, Ripple will be the next big thing in the market instead of Bitcoin. The company’s new partnerships are numerous and so the adoption across the industry. But is it possible to become bigger than Bitcoin?
Forbes interviewed a number of industry experts and they agreed that Ripple and its cryptocurrency, XRP, could be the thing to invest in now. According to one prediction, larger gains could become real due to its low price below a dollar, while Bitcoin is currently trading at around $10,000 with the possibility of surging from there to need a lot of in-flowing cash.
According to Craig Cole from Cryptomaps, the Ripple’s faster transaction speeds and lower fees offer an easier way for financial institutions to embrace the digital currency. Hundreds of them have already made it contributing to XRP’s monumental rise year on year, from just $0.006 to its present levels, raised over 14,300%. Cole also went on to say:
“Ripple just might be the catalyst in making cryptocurrency more mainstream. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future.”
John-Paul McCaffrey, Associate Director at Long Island University, added that “Although currently there isn’t a platform to exchange fiat currency for Ripple (XRP) this may change sooner than you think,” empowering the sentiment that Coinbase may list the altcoin later this year. Another, crypto expert, Roman Guelfi-Gibbs, Director of Operations at Pinnacle Brilliance, believes that Ripple needs another year to make the big-time:
“Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019. As the market observes more projects being coded in other algorithms such as XRP, ETH will likely take a backseat to the next big coin/token. It will take some time for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place.”
Global Block Chain Technologies president, Shidan Gouran, stated that the dollar volume separating the top three market capacities would need to be closer for XRP to improve. Furthermore, according to him, it is needed the consumer awareness to be increased and its availability to the masses to reach the level of Bitcoin and Ethereum which can be bought in fiat.
Company CEO Brad Garlinghouse said in a separate interview with CNBC that the crypto industry needs to work with regulators to move on.
“It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system. The Blockchain revolution is happening within the system it’s not going to happen from outside the system.”
He went on to state that “There are some within the bitcoin community that really advocated not just down with banks but down with governments, we have been a contrarian relatively speaking in that regard.”
Being a private and centralized company, Ripple is expected to have a different take on the ethos of cryptocurrencies. This nature provided it more partnerships and adoptions than any other similar cryptocurrency. Taking as granted that these continue, its presence in Blockchain technology and mainstream cryptocurrency world will doubtlessly be brilliant.