Cryptocurrencies are everywhere these days and they are ruling the world by storm. Ripple is one of the cryptocurrencies that has a dual purpose. There are more than a thousand cryptocurrencies in the world these days. Many people are investing in them, even though the cryptocurrency market is highly volatile. Most of the people still give preference to Bitcoin. But other currencies like Erhereum, Ripple etc. are not far behind. While people are still hesitant to invest in some of the newly launched altcoins, Ripple has managed to gain prominence owing to its dual purpose. Most of the people who have invested in ripple are on the constant look out for ripple prediction of this cryptocurrency.
Price fluctuations are common in the world of cryptocurrencies and the same goes with Ripple as well. Ripple is not just a coin with a value like other cryptocurrencies. It is also a payment processing system that has a huge potential. Experts are in fact predicting that Ripple will overthrow the SWIFT system of money processing that is used by banks since the year 1973.
Ripple has risen almost 70% in its value from its recent lows of $0.60.Ithas managed to garb the top position among cryptocurrencies in terms of its market cap. Experts are of the opinion that during the current year, Ripple will scale new heights as it has fallen from as high as $4.5.This is the right time to invest in Ripple for the sole reason that one can get very good returns in the coming months.
A reason for this prediction is that Ripple is adding new clients with each passing day. The currency is also being adopted by banks and financial institutions located all across the world. The currency has proven to be quite beneficial in transferring money between countries in a short span of time. The current is currently undervalued according to people in the field of cryptocurrencies.
Keeping all these considerations in mind, many financial experts are predicting that Ripple can increase by more than $3 to $5 towards the end of the year. If it can rise by $8 to $10 as some of the experts are predicting it can well cross the value of Bitcoin which currently occupies the top most position in terms of value of cryptocurrencies. It is a wise initiative to buy Ripple now and hold it for a long term. Also Ripple has a very good team behind it who are showing more promise towards the future of this cryptocurrency.