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Ripple XRP Looking to Over Run Bitcoin in Q3 And Q4

source-logo  todaysgazette.com 09 July 2019 06:30, UTC

Ripple XRP regained its boost in the second quarter, after about 31% increase in quarterly sales, with $169.42 million worth of XRP sold in the first quarter. There are pointers XRP will overrun Bitcoin in the next quarter of 2019.

Though Bitcoin is trying to stop the XRP run, it seems almost impossible. Enthusiasts predict that XRP will hit $10 before the end of the 4th quarter.

Since XRP crossed the threshold of $0.394, where it was since the beginning of the last quarter, it has not gone below.

At the time of writing, XRP is trading at $0.4, at a market capitalization of $16 billion. It has maintained a steady upward trend for the past weeks, which indicates more stability.

Why Bitcoin Will Not be Able to Stop XRP Run in the Next Quarters

According to the prediction from the British-American Programmer and businessman, John Mcafee, who has been known for his famous predictions about Bitcoin.

This time Mcafee sees beyond Bitcoin rising, directing his predictions towards the altcoin. He believes the altcoin will rise ten times over the price of Bitcoin.

Ripple XRP is one of the most performing altcoins, besides being the most accepted cryptocurrency in the financial settlement system.

Ripple decentralized financial tools which are adopted by banks for faster payment and cross-border settlement are integrated with the native token, XRP.

Ripple XRP Will Likely be Accepted as the Currency for Cross-Border Settlement.

Ripple team, major banks, and some monetary regulatory bodies are pushing to used Ripple to replace correspondent banks in a cross-border settlement.

Ripple has proven to have all it requires to turnaround the cross-border settlement system for better user experience. Besides providing faster technology, it allows seamless and cheaper transaction rates.

Ripple partnership with MoneyGram is one step that will further widen its coverage and acceptance.

Bitcoin may be the leading currency for now, based on its long existence and a higher level of investors, many of these are selling their Bitcoin to buy up a larger amount of XRP.

Now that the cryptocurrency is coming to full-blown awareness, new investors are not ready to buy into Bitcoin, because of high price, so the trend is shifting to the altcoins, of which Ripple XRP is one of the best.

Disclaimer: Articles on this platform are not written for financial purpose. They are written to educate and inform you of happenings in the cryptocurrency space. Please do personal research before investing in any cryptocurrency because they are generally volatile. In the course of trading, you may lose your fund. Contact financial experts for advice on crypto trading. Share on FacebookShare on TwitterShare on RedditShare on LinkedinShare on PinterestShare on Xing
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