This is the moment that XRP fans have been waiting for with baited breath. Are you ready? XRP is about to become the world’s number one crypto, rising as high as $146 / XRP from here.
Simply, Ethereum has too much utility weighing it down and Bitcoin doesn’t have nearly enough utility growth. This has been evinced by the number of transactions this year that both coins are showing. While Ethereum, not even half the age of Bitcoin, has 500,00 transactions a day associated with its currency bitcoin has only half that many. Bitcoin’s transaction level was last at 500,000/day back in December 2017; Ethereum’s back then was the same as it is today.
Given that there is a lot more selling than buying going on in the market right now, that’s an awful lot of selling that is pushing Ethereum lower. On the other hand, Bitcoin, which is neither buy or selling much, is showing a gradually decreasing liquidity trend. That’s never good for prices as it implies shrinking utility.
This is where XRP comes in. With a fairly erratic utility ratio – some days it leaps higher, others it falls far below its annualised average – there is real room to grow for this crypto.
Add to that the XRP community, whether you love them or hate them, are some of the only passionate crypto investors left after a year-long market gnarling, and this is pretty much the perfect storm for XRP.
Better get ready to welcome in the world’s new Number 1 crypto in the coming weeks. Here are our predictions for the coming 12-24 months:
XRP — $7.9 trillion — 1st place
XRP is destined to become the world number one crypto by an enormous margin.
With a projected $100 — $200 price inside 24–36 months, XRP’s $4-$8 trillion market cap will equal at a minimum roughly the total of Japan’s annual gross domestic product.
The reason? Simply because most XRP is premined and pre-controlled with respect to supply release, and because Ripple, the currency’s issuer, has no product as of yet to weight its currency and/or its network down in excess utility.
Qualitatively, the currency’s mystique movements throughout its history (and earlier this year especially so) more closely resembles Bitcoin’s early stage gains than does any other cryptocurrency.
It is hard not to conclude that early major Bitcoin holders are moving substantial amounts of their crypto fortunes into Ripple’s visions for the future of banking — however vague and mirage-like they may seem in the present.
This is evidenced in hard numbers by the lack of overall dependency of XRP on either BTC or ETH (just 14%). That said, the big price increases are going to be down to the preponderance of digital notes that emerge from the coming crypto-boom, since investors will connect fincrypto with fincrypto and, well, there you go …
ETH — $3.2 trillion — 2nd place
The world’s first unit of smart Blockchain fuel is poised for a massive increase in the next 12–24 months (36 months tops) as a result of MNY and COE smart contracts timing it up in short- and long-cycle smart contracts. Ether was just 50 cents in 2014, before rising to over $1,000 in 2017.
That is a 2,000 times gain. So big rises in this crypto should be of no surprise, and the coming 8,000% gain mean a return to aggressive crypto buying. Primarily, the big gains are coming as a result of other competing blockchains with smart functionality which will reduce the implied unit inflation that happens with ETH every time an ERC token is created.
BTC — $425 billion — 3rd place
Bitcoin is due for an increase of around 4.2 times, to $25,000. This is the point at which BTC reaches its 25-year average, so it’s highly likely the crypto will remain stable at around this point. BTC’s steady hold — which could last over 10 years or more — will end up bringing about a certain price and perceived market stability thereafter. Thus, while acceding top spot as world Number 1 crypto, BTC will remain the underpinning reason that new capital is encouraged if not so much to come and settle in the market, then to stay.