2020 arrived loaded with good predictions for the price of altcoins; and one of the most prominent was Ripple. This cryptocurrency, which ranks third by market capitalization, is one of the favorites to be the “digital currency of the year.” But why so many expectations around XRP? Here we bring you the answer.
At the end of 2019, the Ripple team published the predictions they had for the performance of their company in 2020. In them they showed that this new decade would mark the beginning of a new bonanza period for XRP.
Several senior managers of the company shared their thoughts on how the improvements they were making to Ripple would help to keep the company as one of the market leaders.
Most of them commented on the improvements that had to be made to the blockchain or speed. And not only did they mention Ripple, but it became a general survey of the entire ecosystem.
It mentioned the aspects for and against and several concluded that there could only be a notable improvement as the industry develops new technologies to respond to the needs of users.
In addition, they also mentioned Ripple’s achievements in this regard. Since RippleNet and XRP Ledger, they are setting the stage for a complete change in the global financial system.
However, throughout this publication there was a greater emphasis on technology and not so much on the price of cryptocurrency. That is why we bring you some of the predictions of how the price of Ripple will be this 2020.
A less bright path
Despite the excitement that exists around Ripple and that many claim that this could be their year, the truth is that the price predictions are not so bright.
This does not mean that they are bad, but do not match the wonderful year that some pose.
For example, WalletInvestor believes that the price of XRP for this 2020 will increase slightly, going to $ 0.46. Although not a big difference, the analyst says that Ripple’s investment must be a long-term view. He also adds that by 2025 it is when an increase in cryptocurrency will really be felt, since it will be worth $ 2.32.
Another point of view is the one explained by TradingBeasts, which ensures that there will be an even more slight increase, reaching $ 0.36. He also added that by 2022, XRP would reach $ 0.5.
By last, Longcastcast He believes that this year the price of Ripple will drop a bit, stabilizing at $ 0.26. Although this figure does not imply a great loss, it also indicates that there will be no major improvements in the price of the digital currency.
Although these predictions about the price of Ripple may not be so encouraging, it is important to remember that, in the crypto market, everything can happen. Therefore, these predictions may not be fulfilled (or it may be).
In accordance with CoinMarketCap, the current price of XRP is $ 0.272. This could change at any time, for better or worse. It remains to wait and be attentive to changes in the market.
I am a student of International Studies, interested in new technologies and their impact on the world. Faithful believer that tenacity is the basis of success.