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Ripple has begun the new year strong, and after just a month, the project seems to have accomplished plenty and there is no sign of slowing down. As we reported earlier, it even seems to be scheming to surpass Bitcoin. Although this might sound unrealistic, its movement over the last couple of months including overtaking Ethereum might be the only indicator needed to prove that it is gurning for the highest sit.
Its movement from the last month or so have got some experts convinced that the coin will hit an all-time high this year, and become the highest gainer by far.
Ripple Showing Consistency And Commitment
Over the past, the Ripple project has been a polarized discussion in the crypto community. Much of the contention has revolved around its decentralization, but whatever your stance on the project, you’ll agree that Ripple is one of the most exploratory projects in the industry. The project is always looking into new applications for their products and in most cases, find it and fill the gap.
In the last couple of days, it has emerged that the company is setting up an office in China and is currently looking for a country manager. China being one of the earliest countries to adopt cryptocurrency and blockchain, the move by Ripple will see them get premium access to one of the largest and most involved markets in the world.
In addition to its expansion, the project has also now successfully rolled out the xRapid product. The Euro Exim Bank announced that it had successfully integrated the system, making transactions cheaper, faster and more transparent. To enable these transactions the system uses XRP, adding to the token demand and application.
It has also come out that Ripple’s founder Jed McCaleb has stopped dumping his XRP late last month. Although not conclusive, this could be a sign that a great thing is about to happen with XRP prices. Recently, a Twitter poll taken from more than 1,800 users, showed that XRP is expected to be the highest gainer in 2019. This optimism has not been surprising given Ripple’s recent activities.
On top of all the possibility around Ripple and XRP, top coins such as Ethereum and Bitcoin’s latest high volatility have not made it easy to be optimistic of them in the near future.
In the last couple of hours, 1 Billion XRP worth around $302 million has been moved, indicating a pump or dump. The shape the coins take in the next couple of hours will show a much clearer direction which might well underpin price directions for the rest of the year.