Ripple is a cryptocurrency that provides a payment protocol that is similar to a money transfer network. It works with both digital and fiat currencies and commodities. This system is powered by a distributed network called RippleNet, and transactions are quick. Its all-time high price was 3.84 USD on 7 January 2018. Despite the shaky beginnings of the Ripple protocol, it has grown significantly in the past year, and it is predicted that its price will reach ten dollars by 2021.
Education is needed
But before Ripple can achieve its goal of replacing SWIFT as the primary method for global payments, it first needs to establish itself as the best alternative for the financial sector. This will require transitions and education, and is not an easy task – with only 55 node validators as of July 2021 – it will take time to expand its network. However, with the potential for rapid growth, Ripple has a lot to offer.
While the XRP coin is not yet officially launched, it is still very much a new cryptocurrency, and many analysts are already predicting that the price will eventually hit $12. The price is still very high, but analysts believe that it will rise to more than ten dollars. As an investor, you can buy Ripple as an investment or as a currency to exchange for other cryptocurrencies. As a cryptocurrency, Ripple is more valuable than other cryptocurrencies, and there are many more investors in the crypto space than there are XRP.