Ripple’s sharp rise in popularity and value could mean its primed to take Bitcoin’s crown, experts claim, becoming the cryptocurrency to truly hit the mainstream.
CryptoMaps’ Craig Cole told Forbes: “Its faster transaction speeds and lower fees make it easier for financial systems to embrace the virtual currency, which is partly why Ripple’s value has increased dramatically just this year.
“Ripple is helping financial institutions save money and it is only expected to become even more prevalent in payment flows. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future.”
And this is not an isolated opinion, with others pointing out that Ripple being added to Coinbase’s list of cryptocurrencies will almost certainly increase interest further.
“Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019,” added Roman Guelfi-Gibbs, CEO and lead systems designer at Pinnacle Brilliance Systems. “As the market observes more projects being coded in other algorithms such as XRP, ETH will likely take a backseat to the next big coin/token.
“It will take some time for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place. Of course, with crypto, anything can happen, so watch closely.”