In the world of cryptocurrencies, the big names often dominate the news, with Bitcoin and Ethereum sucking up most of the media airtime. Of course, that all depends on how deeply you look at the market. The layperson has probably only heard of Bitcoin, while casual observers will likely know Ethereum, and invested watchers will certainly know a whole lot more. But Ripple, the next cryptocurrency down from ETH by market cap, is now emerging on the scene with massive gains and causing excitement among investors. This makes the Ripple price prediction 2018 and investing in Ripple some of the hottest topics in the investment world.
When it comes to the Ripple XRP price, the numbers are all relatively positive so far, which is why investors are so interested in the cryptocurrency.
First, there are the huge gains that the coin experienced. The Ripple price jumped nearly 36,000% in 2017. Being a penny stock (well, a fraction of a penny at the beginning of its run), this company is obviously subject to the wild swings that you often see in other similarly priced trades in very frothy markets. After all, Bitcoin volatility is famous, and it’s that type of notoriety that scares away some investors. (Source: “Here are the top 10 cryptoassets of 2017 (and bitcoin’s 1,000% rise doesn’t even make the list),” Quartz, January 1, 2018.)
Diving deeper into the numbers, Ripple is currently listed on more than 50 exchanges. The San Francisco-based startup also claims that there was $95.4 billion worth of XRP transactions in the fourth quarter of 2017.
But beyond those promising numbers, the Ripple coin is unique in quite a few other ways.
First, the coin’s parent company owns most of the Ripple coins, and there is no way to mine the coin, unlike in BTC and ETH.
Second, the company is very focused on international payments, rather than more nebulous c...