The walk down through the cryptoland can sometimes be difficult, confusing and even overwhelming. Currently, the downtrend in the market has left most investors, commentators, and traders wondering what will happen next. Despite the bearish trends, various development projects have come up and with the regulators tightening the rules, only the tokens with underlying real assets or brands may survive and thrive in the long-term.
Among the cryptos with various developments is Ripple’s XRP. Despite the downtrend, XRP performed exceedingly well in 2018 even dethroning Ethereum from the second position in the market capitalization list. The Ripple blockchain facilitates the trading and transactions of XRP, its digital currency. Currently, the market cap for Ripple is oscillating just above $12 billion and it is listed on every major cryptocurrency exchange worldwide.1-year chart of XRP. Coinmarketcap.com data
The price predictions for this currency look optimistic especially with its rocket ready waiting for the launch. Also, the multiple collaborations with Payment Providers and Banks have enabled the crypto to quickly gain steam to become the go-to currencies for transactions and exchanges.
Regarding the transactions, on January 29, 2019, XRP reached 875 057 transactions. The number is quite impressive and it brings the XRP transaction number sentiment back to September 21, 2018. Back then XRP performed 842 697 transactions.January 29, 2019, XRP transactions number compared to September 21, 2018. XRP Charts data. xrpcharts.com data
A growing number of major banks have sought out the Ripple blockchain to be incorporated in their systems, to enhance efficiency and make the network more secure. With such growing demand for Ripple’s blockchain, XRP’s price is also expected to surge. The digital currency can get transacted with speeds of up to 1,500 transactions per second compared to Bitcoin’s 7 transactions...