XRP Likely to Outperform Bitcoin, There are 50x More in Circulation Than BTC. - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
Connect with us

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

XRP Likely to Outperform Bitcoin, There are 50x More in Circulation Than BTC.

Altcoins

XRP Likely to Outperform Bitcoin, There are 50x More in Circulation Than BTC.

Indications XRP is having the potentials of outperforming Bitcoin.

Increasing XRP in circulation as a case study.


Bitcoin has been the King of cryptocurrency since it started trading from a few dollars to now thousands of dollars.

Experts who have done comprehensive forecast on the performance of all the digital assets believe Ripple XRP will be the future crypto king, outperforming Bitcoin.

Craig Cole of CryptoMaps is one of the experts who believe that Ripple XRP will set the stage for cryptocurrency institutional adoption.

How Would XRP Out Perform Bitcoin

Ripple XRP acceptance by banks and other financial institutions will trigger off cryptocurrency institutional adoption.

Ripple has brought in innovations into the financial industry via blockchain technology by helping financial institutions save money and maximize profit.

The use of digital currency is on the rise and XRP is likely to be the base token for transfers and exchanges. If this happens, XRP will likely reach Bitcoin level or even surpass it.

There Are More 50x More XRP in Circulation Than BTC

XRP out numbers BTC in existence, like fifty times more than BTC. Though XRP is in drops and BTC in Satoshi, there will be more demand for XRP which will increase its value.

Also READ  Ripple’s CEO Lauds European Central Bank for Recognising XRP

About 59 billion XRP is in escrow, excluding that, will be about twenty times more drops of XRP than Satoshi.

These drops have the possibility of appreciating in value depending on the demand.

Currently, XRP market performance has improved more than it was a couple of months ago. It has now gone up at 20% since the beginning of the year.

The reported volume in the last twenty-four hours at the time of writing is $919m, trading over 22% at a current price of $0.30 and $0.34.

Todays Gazette Telegram

XRP investors had been so discouraged by its performance a few months ago, even when BTC picked up, XRP price was still not encouraging.

Now XRP is soaring high even at the time when other altcoins are struggling.

The market performance is expected to get better, mostly now that Ripple has put some touch on all the features on its platform.

Also READ  Ripple (XRP) Enters Petroleum Industry

Another thing is that observers are maintaining the stand that XRP will see the most price surge when the market fully starts the expected bullish run.

A case in point is the 2017/2018 price upsurge where Ripple’s XRP saw over 25000% price increase, leading other cryptocurrencies in the bull run. With Ripple’s readiness to take XRP to the next level by partnering with financial institutions, there’s no doubt the digital currency will go on a massive bull run once everything normalises.

Hi I am a crypto writer, blockchain enthusiast, financial and travel blogger.Though a finance professional, crypto and blockchain are now my specialty.I write to inform you of what is happening in the crypto space and how the blockchain technology is changing the world. Besides writing, I am a digital marketer, promoting ICOs and other products.Email: judith.riseshine@todaysgazette.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Altcoins

Advertisement
Join Us On Telegram1
Advertisement

Submit Press Release

Advertisement

Facebook

Press Release

To Top