![]() Looking at the downsides of Ripple, it has a number of drawbacks and there might also be some unseen bottlenecks which might arise as its adoption increases in the future by a number of Banks and Financial Institutions. The market fall can happen on the other side of the spectrum that means which means that the price of the US dollar might fall and therefore the price of Ripple might automatically be elevated to reach $1000 mark.Īlong with the increased regulations in the Crypto space from the major Economic countries like China, India, and South Korea it is highly unpredictable that how the cryptocurrency market would look like in the future. 3.3 times this market capitalization of just a single cryptocurrency is obviously not possible. The combined market capitalization of three of the world’s largest stock exchanges NYSE, NASDAQ, and Japan Exchange Group is around 30 trillion dollars. Assuming that the market price has reached $1000 and over 100 billion coins available, would constitute for a total market cap for $100 trillion dollars. Reaching $1000 mark for Ripple is theoretically impossible because the market would not allow such a situation. With this power in hands of the owners they can fluctuate the market prices up to $10 or even $100 but reaching $1000 is nearly impossible. ![]() The key people in the company can add a number of coins in order to fluctuate the market prices according to their wish. Moreover, the supply of the cryptocurrency coins is not finite. ![]() When we say it is easy for Ripple to reach the $100 mark it means that a lot of patience is required and would take years together for Ripple to reach it. However, reaching the $10 or even the $100 mark is easy for Ripple. Ripple seems to have potential in itself but reaching the $1000 mark might take much longer than 2019. One such move can cause the prices of the cryptocurrencies to fall rapidly. The scams and frauds that being witnessed these days in the crypto market must also be kept in minds. For any particular cryptocurrency coin, the predictions can’t be made. The cryptocurrency market is dependent on the news and FUDs that any particular cryptocurrency can gain and a lot of value within a span of few hours or might even completely disappear from the list itself.Ĭurrently, the price is around $0.5 USD. Adding on to that is the fact that the cryptocurrency market itself is very volatile due to its low market capitalization, therefore, making Ripple difficult to reach new heights. ![]() Also until the cryptocurrency is not completely adopted by all the banks the price will keep fluctuating. Anyhow it can come nowhere near to Bitcoin in terms of its popularity and usage amongst the crypto community. It is among the cryptocurrencies which are said to give a tough competition to Bitcoin. It is the most widely adopted cryptocurrency by most of the banks and other financial agencies because of it’s Real Time Gross Settlement System and they consider it to act as a cost-cutting tool to their complex procedures. The cryptocurrency is ranked at the 3rd position according to coinmarketcap. Also, the first quarter of 2018 didn’t prove to be bullish for the Bitcoin as well as other Altcoins. The cryptocurrency space has been very bearish for many of the cryptocurrencies apart from a handful of them in the year 2017.
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