XRP Shows Potential For More Than $1: Price Predictions
After XRP has reached $1 on April, 6, its increasing doesn’t just end at it – estimations also show that the coin will increase by up to 300% in the future. This will interest crypto hodlers who love to identify potentially viable coins.
The coin had been high for about three years, altering between the fourth and fifth places among the top cryptocurrencies based on capitalization. This month, XRP has garnered a 68% increase, which is remarkable in market value. The recent sharp 50% growth shot the coin back to the fourth position. Although XRP was removed from Coinbase following the US Securities Exchange Commission’s allegations, the recent growth points to a possibility of relisting Ripple on the platform.
Ripple And Its Price Predictions: Here’s What You Should Know
There is currently much talk around XRP. Among the top cryptocurrencies, this coin is seeing an increasing activity rate. The percentage increase is getting analysts to discuss the future of this coin in the crypto scene.
There have been several arguments on the status of XRP as a currency or a security. This came for determination in the legal battle Ripple is entangled with. The judge seems to view XRP as a form of currency, which distinguishes XRP and other leading options like ETH and BTC. A few factors influence XRP’s price prediction. These factors include the following:
- Digitalcoin estimates a price growth of 88 cents in 2021. Further, estimates show that by 2026, the coin will be over $2.06. These estimates indicate a favorable future for XRP. More so, with the recent sharp increases, these estimates may also receive a boost in terms of the numbers they project.
- Credible Crypto also predicts that XRP could amass an 800% increase if it can outperform the current market resistance. This is an interesting prediction when one considers the recent bullish nature of XRP. If the coin keeps the momentum, no one is to say it won’t skyrocket in years to come.
- Another interesting forecast has been made by Will Meade, a billionaire hedge fund manager and an alum of Goldman Sachs. He calls for a 1500% increase in XRP and says the coin has a strong likelihood of rising significantly up to $3 soon. Similarly, a financial services advisor by the name of Sean Matthew argues through technical analysis that XRP can go as high as $10, demonstrating a similar surge to that of 2017 and 2018.
Bitcoin’s Current Performance Among Other Top Cryptocurrencies
Although Bitcoin is a strong force in the market, the coin is experiencing some form of decline. This decline is reinforced by the increase in the market value of ETH, Binance Coin, and XRP. These coins have received some impressive boosts within the last 48 hours.
At a time when the global market cap of cryptocurrencies stands at about 1.95 trillion, Bitcoin is currently at its lowest market dominance at 55.9%. The last time the BTC market dominance was this low was in May 2019.
While the BTC market cap dominance continues to drop, the price of XRP keeps rising. A crypto researcher argues that there can be a repeat of the last market cycle situation, where BTC dominance dropped to about 35%.
Simultaneously, Ethereum is faring just as well in the market as XRP. ETH, which is also second to BTC in terms of market cap, garnered close to a 20% increase over the past seven days. On 3rd April, ETH was at $2,140, which remains an all-time high for the coin. At this rate, the current global market capitalization of ETH is close to $240 billion with a 12.3% dominance rate.
Staking Through XRP On 1xBit And Its Immense Benefits
Many crypto investors are buying into the XRP surge and trying to take advantage of the coin. Suppose you have XRP and you intend to stake on your favorite games and casinos, 1xBit crypto sportsbook & casino offers you the support you need. Here are the benefits of the platform you should know of:
- Get a welcome bonus of up to 7 BTC for your first 4 deposits
- Stake through as many as 30 cryptocurrencies, including XRP
- Complete anonymity for the casino games and sportsbook
- Use any of our 100+ games providers
- Gain access to over 5000 slots which allows you to play 4 games simultaneously
- Simple registration process and no transaction fees.
- Get access to high odds and same-day payouts.
Final Thoughts
It’s a good day for XRP owners in the market, and if you are looking for a smart platform to stake your games, 1xBit is the right place for you.
The post XRP Shows Potential For More Than $1: Price Predictions appeared first on Ripple Coin News.
OhNoRipple via https://www.ohnocrypto.com/ @Gracie Perez, @Khareem Sudlow