Cryptocurrencies have grown exponentially not only in price this past year but also in public awareness and popular attention. The novel feeling to an emerging financial and technological market is reminiscent of the rise of the Internet with its innovative potential. In turn, a heightened collective societal awareness of this new innovative potential has led to a change in the nature of the market dynamics of cryptocurrencies. As Heisenberg’s Uncertainty Principle posits, “The observation of a phenomenon changes the phenomena itself.” The observation of thousands of young millennials, and now middle-aged investors, will only accelerate the rise of cryptocurrencies as times goes on.
Today, we are seeing the real-world effects of a newfound intrigue into cryptocurrencies. This new interest is causing a narrowing of the divergence between truth and fiction over accurate knowledge about cryptocurrencies. The force drawing this gap narrower each day is an increased dissemination of truthful information that has generated legions of individual investors into new cryptocurrency markets; in particular, Ripple’s XRP.
As the public expands its understanding of Ripple’s XRP, the capital inflow from both individual and institutional investors combined will likely grow to levels that will exponentially grow the liquidity of XRP and, as a byproduct, its price.
Here, in this report, I will provide an overview and analysis of Ripple’s XRP and the implications Q4 2017 and the year 2018 and beyond hold for the future of XRP and its price. THE CONCEPT: WHAT IS XRP?
XRP is the digital asset used by Ripple to offer financial institutions an option for liquidity to conduct cross-border payments. It is predominantly used for Ripple’s solution for the minimization of liquidity costs. In contrast to most other cryptocurrencies, XRP’s application here features a real-world applicability that extends to real-world transactions. It is used for the xRapid solution provided by Ripple, and is the only one of the three solutions Ripple offers (The others are xCurrent and xVia) that employs the use of XRP. THE RATIONALE: WHY XRP?
There is a myriad of factors that distinguish XRP from other cryptocurrencies and establish it as a forerunner to what may become the dominant cryptocurrencies in the years that lie ahead.
Cost: Comparatively, XRP has the lowest cost per transaction at $0.0004. In contrast, BCH is $0.26, LTC is $0.37, DASH is $0.64, ETH is $0.96, and BTC is $28.23.
Scalability: XRP can handle over 1,500 transactions per second whereas BCH can handle 24 per second, LTC can handle 56 per second, DASH can handle 10 per second, ETH can handle 16 per second, and BTC can handle 24 per second.
Speed: XRP can conduct transactions at a rate of 3 seconds per transaction, BCH at a rate of 58 minutes per transaction, LTC at 17 minutes per transaction, DASH at 15 minutes per transaction, ETH at 2 minutes per transaction, and BTC 1 hour and 6 minutes per transaction.
XRP’s availability is ever-expanding. It is currently available on over 50 exchanges including Bitstamp, Bithumb, Bittrex, Binance, Bitfinex, Kraken, and Poloniex. The volume of XRP availability is, in addition, in an expansionary phase. The primary location of exchange volume is concentrated in Asia; in particular, South Korea. However, as mainstream media attention increases, so will American interest as well. There already have been tell-tale signs indicative in news outlets that have covered Ripple recently in the wake of XRP’s rise in CNBC, Bloomberg, Forbes, Investopedia, and Yahoo Finance.
Simply consider the mania generated by the media attention to Bitcoin. Repetitive news stories featured on CNBC, Bloomberg, CNN, CBS, and other mainstream media news outlets. Countless articles disparaging it as a bubble and hailing it as a force that could deconstruct the financial apparatus governed by the Federal Reserve and other central banks. Now, consider the results of media attention directed towards the substantive information behind XRP. Once news segments and articles are shown and written that illustrate the comparative superiority of XRP to other cryptocurrencies, then the viewers and readers will likely flock to XRP in pursuit of acquiring a tried, tested, and proven cryptocurrency with real-world usage.
In turn, a virtuous circle intensifying capital inflow to XRP is predictable and probably to occur. We can expect FOMO to rise and a number of oscillations up and down for the price to unfold. Nevertheless, the price of XRP is bound to not only remain but rather accelerate its demonstrated upwards price trajectory pushing us to new heights.
Additionally, if the collective fear among cryptocurrency investors materializes, that is, if new regulations are imposed on our activities, then Ripple is stand to likely gain. Dr. Nassim Nicholas Taleb, a scholar and risk analyst writes about a concept called “Antifragility.” Antifragility is a term used to describe things that gain from disorder. Considering Ripple’s ties to financial institutions and regulators, it wouldn’t be too far-off to speculate that XRP is positioned to gain if such a black swan event were to occur. FURTHER REASONS TO ADVANCE THE CASE FOR XRP:
Financial institutions, renown investors, and accomplished financiers have already taken notice of XRP. Former Federal Reserve Chairman Ben Bernanke has advocated on Ripple’s behalf. Zoe Cruz, former president for institutional securities and wealth management at Morgan Stanley and former global head of fixed income, commodities, and foreign exchange has joined Ripple’s Board of Directors. She has been named to Forbes list of Most Powerful Women for three years straight.
Perhaps most notably, a consortium of 61 banks – organized by SBI Ripple Asia – will be adopting Ripple’s technology to settle transactions between its members with the eventual goal of applying XRP to usage. Mr. Yoshitaka Kitao, the CEO, Executive Chairman, and President has publicly stated, “Forget about bitcoin, we’re all in on XRP!” In fact, SBI has already confirmed that XRP will be put in usage in Spring 2018. If successful, expect the price to reflect it.
Moreover, TechCrunch Founder Michael Arrington has, as of November 2017, announced a $100 million XRP hedge fund. His efforts have already raised $50 million which will engender a ripple effect of new large net-worth individual and institutional investors. The entity will be called Arrington XRP Capital and new information about its activities are set to be released in the months that lie ahead.
Also, David Schwartz, Ripple’s Chief Cryptographer, has said that there are two major “household” companies (Not financial institutions) that will be announced in Q4. This is likely to provide a substantial boon to XRP.
Finally, the Chief Technology Officer of Ripple, Stefan Thomas, has said that in 2018 there will be a “big push on XRP.” For years, Ripple has kept a relative silence in expressing the superiority of XRP. 2018 will be different. 2018 is bound to be Ripple’s year. I expect the price to rise as high as $10
and as low as $4.
At any rate, this report only scratches the surface of Ripple and XRP’s potential. For far more nuanced and in-depth analysis and information, I suggest reading from Ripple firsthand at www.ripple.com
and perusing the best blog on XRP itself at https://xrphodor.wordpress.com/
To the moon, we go.
There is also Ben Bernanke, the former Federal Reserve Chair, who was also mentioned on the Bitcoin bears list. However, while Bernanke opposed Bitcoin from the start, at least he found the concept of blockchain technology to be interesting. He still sees BTC as an attempt to evade regulations and expects the government to crack down on it, which is unlikely to happen since the SEC itself ... Bitcoin’s proportion of total volume in July was 66%. What are your thoughts about these rankings? Tell us what you think in the comments section below. The post Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives appeared first on Bitcoin News. JOIN OUR NEWSLETTER. I agree to have my personal information transfered to AWeber ( more information) Your time ... In a world of corrupt banking practices filled with fraudulent activity, fractional reserve banking, quantitative easing, and too-big-to-jail banks like HSBC, it is great to know we can vacate ... #217 Bombensicherer Bitcoin Bunker, Luxusvilla in London für 5050 BTC & Ben Bernanke Bitcoin Posted on Oktober 18, 2017 by admin Hey Bitcoin Fans, Willkommen zur Bitcoin-Informant Show Nr. 217. The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece Hey Bitcoin Fans, Willkommen zur Bitcoin-Informant Show Nr. 217. Heute geht’s um folgende Themen: Bombensicherer Bitcoin-Bunker: So schützen Millionäre ihre Krypto-Kohle, Notting Hill Luxusvilla für 5050 BTC, Ben Bernanke glaubt Bitcoin wird nicht erfolgreich. Dec 30 “Bitcoin—The Andromeda Strain of Computer Science Research” – SMBlog $14,669.04 Dec 29 “Why bitcoin investors are like stamp collectors” – The Sidney Morning Herald $14,617.28 Dec 29 “Why Bitcoin is the largest Ponzi scheme in human history” – Linkedin $14,617.28 Dec 28 “The Great Bitcoin Scam” – Forbes $16,064.44 Dec 27 “Bitcoin Is an Implausible ... The Fed is pondering giving money directly to hedge funds and private brokers in order to ease the current pressure within U.S. repo markets. Und dieser Stimulus könnte für Bitcoin massiv sein. Die Zielinflationsrate der Federal Reserve könnte sich bald verdoppeln Um auf die anhaltende Rezession zu reagieren, die durch das Ende des Konjunkturzyklus und die COVID-19-Sperrmaßnahmen verursacht wird, war die Federal Reserve gezwungen, Rekordmaßnahmen zu ergreifen und den Leitzins erst vor wenigen Monaten auf 0-0,25 Prozent zu senken. After all, Bitcoin has a huge fan base and these next 11 popular advocates are just some of them. 1. Paul Graham. Paul Graham is currently the third major technology investor to show support for Bitcoin. He is one of the most respected and influential Bitcoin advocates since the early stage of digital currency history. 2. The German Ministry of ...
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