Two cents about Ripple, why you should invest!!
Aman Sanduja is a cryptotrade and adviser to the automated platform for cryptographic trading Gimmer, the founder of Towards Blockchain
Trading on crypto-exchanges today is one of the most powerful and interesting areas of investment. But if you are expecting that I will start again giving tipsy tips to fill pockets with bitcoins and ethers, waiting for a long and impressive correction of the market, you are mistaken. I advise you to look at the underpriced at the moment altcoyins, which cost less than $ 1 — Verge, Cardano, TRON, Stellar. But, I think Ripple is the most interesting and promising coin for today.
The history of Ripple began in 2004 as an individual project of the Canadian web programmer Rain Fugerra who tried to create a unique instant payment method via the Internet. And today this is the third most popular crypto currency in the world, according to CoinMarketCap. If you do not take into account bitcoin, Ripple has the most impressive growth in value and the brightest failure. Nevertheless, the project reached an agreement with the world’s largest financial companies, and this, combined with its very low cost and promising technologies at the moment, makes the coin very interesting for investment.
So, Ripple — centralized and regulated crypto currency, created specifically for financial institutions (or, perhaps, even created by themselves — there is such a rumor). Undoubtedly, at the end of 2017 and early 2018, the most heated topic in the crypto community was the growth of its value: the rate increased from $ 0.02 to $ 3.5 less than in a year, and in December alone it made a jump to 1400 percent. But the fall was dramatic: from January 4 the price of the coin fell almost 5 times.
The most interesting thing about the Ripple project is its technologies, in which both world banks and payment systems are interested. In fact, the project is trying (and has all chances) to become a direct competitor to SWIFT, Western Union, MoneyGram and so on due to greater openness, cheapness, speed and convenience. Its transactions do not require exchange services, since currencies — phiatic or cryptic — are processed simultaneously inside the RippleNet network. The main thing is a global and instant exchange of anything — from currencies to goods and services. There is an opinion that Ripple has every chance to completely change the limitations of instant payment systems in particular and to improve the banking industry as a whole due to very low commissions and rapid processing of transactions. In this area, Ripple has very few competitors, but there is a suitable infrastructure for it, to become the next bitcoin. In particular, he said soWarren Paul Anderson , product manager of XRP:
“ By the end of 2018, Ripple will be completely decentralized, even more decentralized than bitcoin .”
This statement in itself can cause an increase in the significance of the coin. Since we are still at an early stage of large-scale introduction of crypto currency into circulation, the support of such technology can be very mutually beneficial both for the participants of the cryptology and for investors. Here’s a simple strategy that I recommend to choose for Ripple, a buy on a small drop (about $ 0.5–0.3) and a sale at the time of recovery. This coin has the potential of a very rapid increase — almost 10–20 times.
Yes, now it is still falling, but it is correction of all kriptornka. Once the balance is reached, Ripple will have more chances to grow than other Altcoins. There are many reasons for this. Firstly, a large number of clients already working with the company, including such high-profile names as American Express, Banco Santander, MoneyGram, Cuallix, Abu Dhabi National Bank, Axis in India and many others are on the way. For example, the recently leading British crypto-exchange Coinfloor has added a direct conversion of pounds sterling into XRP, and the UAE exchange introduces Ripple’s blocking technologies into its payment system — these are the two most recent positive news about this coin. Secondly, Asia is interested in this crypto currency, which plans to use Ripple technologies to transform the system of international transfers in Taiwan, China, Japan and Korea. Thirdly, the coin is already traded on more than a hundred exchanges and almost daily appears on new ones.
In any case, I think this is the most interesting currency in 2018, and it’s worth taking a closer look at it. The general attitude towards Ripple is positive and sure that in itself will become a catalyst for the growth of value.
