Ripple (XRP) is one of the most popular coins on the market. During the previous bull market in 2017, it became a real growth record holder: in 12 months, the Ripple coin price increased by 600 times. If you had invested $1,000 in XRP at the beginning of 2017, then in a year, you would have about $600,000.
In this article, we will talk more about Ripple, understand its technical characteristics and discuss Ripple coin price prediction.
What is Ripple Coin?
Ripple is the first digital asset launched by the Ripple Labs company. The main feature of digital assets is decentralization, roughly speaking, Bitcoin and other coins do not have any central governing body, which means it is impossible to fix it alone. On the contrary, the Ripple coin is managed from a single centralized centre, which can quickly make adjustments and necessary updates.
Project CTO David Schwartz believes that the Ripple coin is the only digital asset on the market that allows users to quickly and economically obtain liquidity and also provides greater scalability. Unlike PoW, Ripple’s consensus verification system (XRPL) is based on the principle of anti-persistence, which provides reliability and authenticity.
Is Ripple Coin a Good Investment?
To answer this question, let’s go through the project’s main features:
- Scalability. The Ripple coin is becoming popular due to the fact that it is not subject to market fluctuations and price volatility. It has a huge market capitalization. Look at how much is Ripple coin worth today, its rate has not changed significantly for several years.
- Control over the value of Ripple. Unlike other popular cryptocurrencies, which are mostly decentralized, Ripple is owned by a centralized company, which means there is more control over the value of Ripple.
Many investors and experts believe that the XRP coin has huge potential. Although it has previously faced slow growth. Another good reason to invest in Ripple is the fact that the project has high growth potential. If the team succeeds, the entire global banking system will use Ripple technology, which is trillions of dollars.
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