Being a part of the XRP army is no easy task. Ripple the company has been highly criticized for many years, but the true believers have stayed the course. When your trying to innovate at first know one believes, but every once in awhile big change happens. Of course, change takes time and we could be on the verge of seeing XRP breakout massively. Meaning everyone who has been patiently waiting to see this coin explode will finally get there biscuit. Before we get into where we see XRP going, let’s first give a quick overview of what the coin is and what its trying to accomplish.
What Is XRP?
XRP is the native cryptocurrency of the Ripple protocol. Ripple is both the blockchain network that XRP is transferred over, and the name of the company that created the crypto token and helps to push its adoption at banks and other cross-border payment companies.
The XRP coin is designed to improve speeds over existing cryptocurrencies, making it especially attractive as a payment. For example, Bitcoin can take as much as 10 minutes to confirm a transaction, while confirmations using Ripple and XRP take as little as 5 seconds. It’s easy to see why Ripple is considered one of the best investments in the cryptocurrency industry. So, yes Bitcoin transaction times can be a little bit ridiculous.
Ripple was first created by Jed McCaleb, Arthur Britto, and Ripple CTO David Schwartz and started its life named OpenCoin. Later, it was renamed to XRP, Ripple Labs was formed, and now is led by CEO Brad Garlinghouse. Jed McCaleb is no longer associated with the project and launched a similar cryptocurrency, Stellar, which is competing with Ripple for the cross-border payments market. However, Ripple dominates this industry and shows no signs of letting a competitor steal their thunder.
Ripple had a strong breakout a couple of years ago, but ran into a brick wall in the form of negative XRP news in the form of a lawsuit from the SEC. The chief US regulator claims that XRP tokens are unregistered securities and Ripple the parent company has broken laws by offering unregistered securities to investors in the United States.
The asset has been delisted from most cryptocurrency exchanges which could cause the asset to struggle in the long term. Still, the technicals on the asset’s chart still remain relatively bullish despite the regulatory challenges. However, Ripple won a request from a court judge to force the SEC to release documents related to how the entity arrived at deeming Bitcoin and Ether not securities. The price of the coin immediately pumped to $1 and then some. However, we are back in below $1 dollar territory.
Price Prediction 2025
Okay, so where do we see this coin going in the next couple of years. Keep in mind this price prediction is not financial advice and just our opinion. With that said we could reasonably see XRP go anywhere from $1.50 to $12 dollars. It is completely reasonable. Of course, if you’re looking to stack some more xrp than one of the best places to do that is uphold.
And as far as this exchange, Uphold offers a user-friendly trading experience, and customers can make trades via its desktop platform or mobile apps, which are available both on Android or iOS. The user interface is intuitive for those who are new to making trades, which could make it a good option for those just getting started with crypto. You can learn more about using Uphold here.
Top 4 Alternative Coins To Grab Right Now
1. Enjin Coin
Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps. Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security. Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ. Bottom line the price on this coin is very undervalued and could skyrocket at any given moment.
Second, we have Sushiswap. SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets. Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another. One of a growing number of decentralized finance (DeFi) platforms, SushiSwap allows users to trade cryptocurrencies without the need for a central operator administrator. This means that decisions relating to the SushiSwap software are made by holders of its native cryptocurrency, SUSHI. Anyone holding a balance of the asset can propose changes to how it operates and can vote on submitted proposals by other users.
Next, we have Polkadot. Polkadot is a software that seeks to incentivize a global network of computers to operate a blockchain on top of which users can launch and operate their own blockchains. In this way, Polkadot is one of a number of competing blockchains aiming to grow an ecosystem of cryptocurrencies, other notable examples of which include Ethereum and Cosmos. However, Polkadot, launched more recently, is among the newest, and it introduces a number of novel technical features toward its ambitious goal. To begin, Polkadot is designed to operate two types of blockchains. A main network, called a relay chain, where transactions are permanent, and user-created networks, called parachains.
Parachains can be customized for any number of uses and feed into the main blockchain, so that parachain transactions benefit from the same security of the main chain. With this design, the Polkadot team contends transactions can be kept secure and accurate using only the computing resources required to run the main chain. Users, though, gain the added benefit of being able to customize many parachains for many different uses. The Polkadot team believes this design will let its users perform transactions more privately and efficiently, creating blockchains that don’t disclose user data to the public network or that otherwise process a greater number of transactions. To date, Polkadot has raised roughly $200 million from investors across two sales of its DOT cryptocurrency, making it one of the most well-funded blockchain projects in history.
4. Basic Attention Token
Fourth we have the Basic Attention Token. Most internet users go out of their way to avoid online advertisements, but what if they had a monetary incentive to view them? Basic Attention Token is a cryptocurrency intending to create a virtuous cycle around digital advertising that is equitable for creators and consumers. Running on Ethereum and integrated natively on a custom web browser called Brave, BAT can be exchanged between advertisers, publishers and internet users based on their web activity, and is intended to streamline commerce between all three groups. Users are rewarded with BAT for viewing ad content, publishers can deliver higher-impact ads and advertisers can be assured their messaging is being viewed by a willing audience. The end result is a new kind of digital advertising platform powered by BAT. Users can either hold the BAT, exchange it for cash or other cryptocurrency, or pay it to support their favorite content creators.