Since launching in 2012, Ripple has grown steadily – due in part to the confidence many hold in the team behind it, as well as the technological applications of the software which makes transactions quick, easy and cost-effective.
Potential partnerships with JP Morgan Chase and an announcement that Ripple will be working with the central bank of Saudi Arabia have created a buzz around XRP, with some speculating that it could reach anywhere between $10 to $100 by the end of the year.
But is it worth investing in Ripple XRP right now? Let’s consider the possibilities:
1) Collaboration with big names
If the rumour mill is to be believed, Ripple is set to partner with Amazon and Uber. Partnerships with the largest retailer and largest online transport facilitator would only mean one thing: a huge increase in value.
2) Bouncing back
After a drop in recent weeks, Ripple XRP is making a slow-but-steady comeback. This is promising news, as it suggests that this Altcoin has longevity and isn’t as volatile as other options on the market.
3) Increasing value of the crypto market
As cryptocurrency market grows, it becomes an increasingly viable option for investment in comparison to the stock market. If the current crypto market was as big as the stock exchange is currently – which many predict it will eventually be – an investment in Ripple XRP would yield the buyer an incredible 124% profit.
4) Real-world implementation
Western Union is set to implement a pilot scheme which utilises XRP to facilitate transactions in at least 31 different countries, which will take the currency into the global mainstream. In addition to this, the Chinese payment provider LianLian has also announced plans to implement Ripple’s technology.
Tentative calculations point towards the purchase of Ripple XRP providing the investor with at least a three-fold increase by the end of the year, which means there’s never been a better time to get involved.
Image Source: Pixabay