Disclaimer: This is not financial advice nor should anyone take my thoughts as financial advisements. These are mere opinions, you should take with your financial advisor before entering into any transaction.
The cryptocurrency darling of 2017 Q4 is without a doubt Ripple’s XRP. Over the past few weeks, it has jumped from around $0.20 to $2.20+ as of this date. In market cap terms it has also usurped the #2 seat from Ethereum. With only one competitor in its sights, can it overtake Bitcoin? I have no clue. The great news is that it doesn’t need to overtake Bitcoin for all of us to profit.
The big question is where will this ride end, and is it too late to hop aboard this rocket ship?
It is not too late. There are some interesting developments that make me believe Ripple will jump to $5 per XRP by end of February 2018. For those of you that got in at $0.20, that is a nice 25x on your money. If you get in today, you are still looking at 2–2.5x money in mere months. Two big announcements are on the horizon, and when they are formally announced, we will see a massive influx of public money into Ripple.
Announcement 1: XRP will be listed on Coinbase
Coinbase is the number 1 exchange, and it offers the easiest consumer-friendly interface of any of the cryptoexchanges. There’s a reason it was the #1 iOS app download when it launched on iTunes. For the last few weeks Ripple has been lauded on CNBC, Bloomberg, and every other major media outlet. However, there has been a bottleneck of demand as the smaller exchanges cannot verify the massive influx of new account holders. Coinbase can do this efficiently and quickly. With a reduction in transaction time, public money will surge XRP.
This is not mere speculation as we saw Bitcoin Cash skyrocket when it launched on Coinbase earlier this month.
Take a guess on which day it was added to Coinbase.
If XRP has a similar jump, you could see instant 2–3x returns. Imagine the publicity if XRP hits $6.00.
Announcement 2: Big Household Names to Use XRP
There have been cryptic rumblings that two large household names will begin to use XRP. There is strong speculation that these will not be financial institutions and two strong contenders are Amazon and Uber. This announcement is expected in January 2018.
If Amazon begins using XRP, please hold on and get ready for it to skyrocket. The “Everywhere Store” would now enter the cryptomarkets, and nobody bets against Amazon.
In sum, $2.20 is not too late nor too high of an entry point. Big news is coming for Ripple in 2018, and it should have a surge. Conservatively I think it could be $10 by this time next year.
Keep your crypto ears to the ground and get ready for an exciting year.
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