Ripple (XRP) is a leading cross borders payments solution in the blockchain industry. The cryptocurrency did exceptionally well in 2017 outperforming both Bitcoin (BTC) and Etheruem (ETH). While, it may seem difficult for Ripple (XRP) to record such gains in 2018, it does seem very likely that Ripple (XRP) may outperform both Bitcoin (BTC) and Ethereum (ETH) again in 2018.
The first thing that comes to mind thinking about Ripple (XRP) is, âAhead of its time.â This has been true ever since the project launched back in 2012 and this is true today. Ripple as a company has surprised many with how aggressively and tactfully they have captured the market and established their foothold. It is also surprising to see how they have done so well despite all the negative campaigns to label Ripple (XRP) as a bank coin or a centralized coin. While Ripple (XRP) has been the subject of heated discussions among crypto enthusiasts and the coin did suffer initially, it has continued to do well even without support of popular exchanges like Coinbase and Gemini. Ripple (XRP) has also been successful at signing one of the most partnership deals in the blockchain industry. It has largely been possible due to the efforts of an extremely competent and determined team that has been passionately working on the project.
Most of us today lay a great deal of emphasis on smart contracts. Yet, it would be a surprise to many that Ripple (XRP) was actually one of the first few projects to roll out a smart contracts platform. That platform, introduced in 2015 was called Codius. Back then it did not have much success because it was way ahead of its time and the company chose to divert its energies to operations with higher demand. So, the project was disbanded for a while. However, it has been revived again by Ripple and will serve as a smart contracts platforms for applications built on the Ripple blockchain.
Ripple also launched a new project, Xpring in the hopes of helping new startups to build on the Ripple blockchain. The company announced that they will be investing in new projects started by proven entrepreneurs to support businesses growing on the XRP Ledger. Last year, Ripple CTO, Stefan Thomas stated during a Q/A session on Quora that 2018 could be the year of the Interledger. We have also seen Ripple (XRP) partner with an increasing number of banks and payment solutions companies at times when Bitcoin (BTC) was in a correction phase and all those positive news did not reflect in the price of Ripple (XRP).
Ripple (XRP) had one of the steepest corrections in the cryptocurrency market. The price fell from a high of $3.32 and settled near $0.49. This took a lot of Ripple (XRP) enthusiasts by surprise but interestingly enough, most of them are still holding even with losses on platforms like eToro. A large number of XRP investors are hodlers not traders. They seem confident that the price will recover and make new highs for the year. Ripple also rebranded the XRP logo recently to give it a more premium look. The price is currently trading close to $0.70 levels and has room for further upside. If Ripple (XRP) continues to trade along the same trajectory, it is highly likely that it will outperform Bitcoin (BTC) and Ethereum (ETH) by the end of 2018.