XRP, currently the third largest cryptocurrency after Bitcoin and Ethereum by market cap, will gather momentum and its price is likely to reach the key threshold of $1.00 by year-end. And it could even be double that in 12 months’ time as adoption and usage soars, according to Nigel Green, Founder and CEO of financial services organisation, deVere Group.
“There’s been an immensely positive buzz regarding cryptocurrencies in the last few weeks, with the standout being XRP. I believe that whilst the crypto market, in general, will be primarily bullish between now and the end of the year, it will be XRP that will continue to gather the most momentum in this period,” he says.
Better than the rest
XRP will go on to gain more traction than many of its rivals because of its unique features, technologies and problem-solving capabilities. Many of these enable it to help businesses, including real estate and tech firms, to save money and speed-up and add more security to transactions. This is also why hundreds of financial institutions across the world are already working with XRP, a trend that is set to continue and grow, Green believes.
In addition, it has been cleverly positioning itself to become a leading international facilitator of global remittances and inflows. This is a huge and growing market, especially in the emerging economies of Latin America, Asia and Africa.
“Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for businesses, organisations and individuals. It can be expected to become a major player in the world’s shift away from fiat money over the next few years,” he concludes.