what's going on Steemians.!
Here is @cryptomechanic and I'm back today with another content for you guys and today I'm gonna be talking about ripple XRP some great news for XRP and more news updates.I'm going to give you my price prediction for the end of 2018.So currently the total market caps at 254 billion still well below 300 billion Bitcoin dominance is starting to rise up to 42.8% and it looks like today everything is in the green which is refreshing to see it doesn't mean we are headed for another bull run but it is a refreshing to see instead of everything you know keeps dipping and things like that's refreshing to see. it's good that we don't have red in the market today.
And it looks like Bitcoin we're at $6,266 etherium at 439 and ripple XRP the number three cryptocurrency at 44 cents so
one thing I want to make note of right now the current market cap for ripple XRP is at 17 billion dollars that is like one seventh of the total of the highest market cap we did reach back in this December time range.
Just fast as the prices changed and dropped from here means that the price could go on the opposite way and move just as fast forward and you know even but reach that all-time high again and even move further from there in 2018 especially with all these recent partnerships for ripple XRP and more banks starting to adopt the use of ripple and the technology behind it.So basically the first article I want to start with right here is SBI Holdings chairman says, ripple XRP is the next global standard of cryptocurrency and money.So he's basically saying that ripple XRP is going to be the number one cryptocurrency in the market at some point in time so it says while the vote of confidence which the State Bank of India (SBI) has been passing on ripple XRP is creating avenue for the blockchain technology to excel in Asia especially in India. The CEO of SBI group and chairman of SBI holding Yoshitaka Katay-O came out at a major blockchain conference in Japan to flag out the coin with hope that it will soon become the global standard of cryptocurrency and money.At the seminar tagged the Japan blockchain conference which took place on the 27th of June just a few days ago the CEO displayed much belief for the blockchain technology as one that w ll maintain its rapid growth trend and optimize the global financial system it says.He added that due to the effectiveness and proficiency of the ripple tool XRP financial transactions are done seamlessly creating a more efficient world wide.At the same time cross-border transactions are being resolved as the tool fashions in ecosystem for banks that facilitate smart and easy transaction corridor with major cost within limited time.So more and more people are starting to take note of the powerful cryptocurrency that XRP is, and what it actually can do in the specific UK use case that ripple actually has with XRP so it says the chairman of SBI Holdings has been keeping tab on the cryptocurrency since January of 2016 before the rally of xrp that resulted into the high valuation of the coin when it surpassed 50 billion as I just talked it did reach even higher than a hundred and thirty billion upwards towards one hundred and 40 billion.So even more great news and this is an article on global coin report talking about why ripple XRP is on the verge of a mega breakout so obviously ripple is becoming with the biggest digital assets in the cryptocurrency market.They've done tons and tons of partnerships.
They've been in the news plenty of times and partnerships with like Santander bank and things continue to move the cryptocurrency forward and into a better spot for institutional investors to get involved with the cryptocurrency.So now ripples partnership with the Kuwait Finance House has come into play.So a recent partnership with the Kuwait Finance House is not a big surprise due to the fact that ripples blockchain technology offers fast daily transactions.It is the first bank in Kuwait to partner with ripple.I believe this trend is going to continue and I think we are gonna even see more and more banks partnering with ripple and use ripple XRP in the future and if that happens,I definitely see the possibility of ripple XRP becoming the number one you know, standard for crypto currency. Especially when institutional investors are being more and more active and getting involved with ripples.So other partnerships to note that it says on here's talks about on the leading provider Instagram of the digital cross-border payments in Asia & btech a solo based firm both companies announced their intentions uses the blockchain technology of ripple to facilitate their payments so that's another big partnership it says the BTech CEO says, it gives them the ability to send payments and access new suppliers across more than 60 markets through X via or a simple API connection.On the other hand the Instagram CEO says European consumers to get what they want, when they transfer money across board with lowest speed and possible rates so even more great news coming with them and says together with ripple the companies are working to address the problems that customers face with cross-border payments.Obviously ripple XRP is the best cryptocurrency out there for cross-border payments as far as the scalability the liquidity the transaction fees and transaction times at that and they've been listening on other major platforms this is a good article that talks about other major ones and ripples listing on Apple stocks app is a boost not only to the cryptocurrency it says but also to its community because they were listed on the Apple apps to a post ox app and also just recently listed on revolute and uphold and revolute is one of the biggest digital banking accounts that permits users to perform peer-to-peer transactions.On the other hand uphold is a leading platform that offers more than 1,000 trading pairs with different ways of buying digital assets we did see more partnerships like the 4 million dollars in donations by Ashton Kutcher on The Ellen DeGeneres Show showing that ripple is making its into the mainstream world and it is also an important to note it says that the donation was done in 15 seconds and it was a cross-border payment to Ellen's Wildlife Fund in Rwand.So it shows how fast the ripple technology is and it shows how convenient it s as well so the list goes on and on for them it says the you Bri University University's blockchain and this initiative by ripple they put 50 million dollars into research and development with reputable institutions into another solution a global education that ripple has embarked on so as it stands they've definitely have the eyes of tons and tons of different markets and tons of depth different ways to use the XRP cryptocurrency.Currently we do see more things happening with the regulation a lot of people are debating if ripple XRP is a security or not and in fact I think when this gets cleared up and proven that xrp is not a security we definitely will see the price start to rise from there so be on the lookout for that because that will be huge news whenever that comes out for ripple and XRP and obviously the investors and the community and you guys that show all the support for the cryptocurrency so that's gonna wrap up today's post I am gonna do this price prediction at the end so based on the current market where we are currently sitting at I definitely see a 1 trillion to 1.5 trillion market evaluation by the end of 2018 for cryptocurrency as long as everything goes good and a bull run does happen.So this is obviously basing it off a couple of factors but with that said I do think a $5 five to six dollar XRP is in the books based on a few different things.So all time high was around 3.50 cents so that put it at around 140 billion dollars and currently if we were to 10x ripple XRP in the market its price we would see technically a hundred and 80 dollar market evaluation but with some of the money moving out of Bitcoin any theorem and potentially into XRP
along with the new money into the market.I think we definitely could see a 200 billion dollar market cap for ripple XRP by the end of the year.So definitely be on the lookout for that guys.I definitely think that's a realistic prediction so I think around 5 dollars would be a a definitely realistic goal for XRP by the end of the year so based on you know obviously a bull run happening and institutional money moving into the market.I believe five dollars is definitely possible but even then I believe this is just a start for XRP and plenty of other crypto currencies so let me know what you guys think below for ripple XRP by the end of 2018 put in the comments section.I'd love to hear what you guys think about your predictions and things like that in the comment section so it's gonna wrap up today's post.Thank you guys.
Please upvote if you like my efforts.
@cryptomechanic