Ripple may be the new bitcoin

The dawn of new cryptocurrency regulations is likely to affect the price of almost every crypto on the market. But as we mentioned earlier in this article, many experts believe that Ripple is better placed to weather the storm of strict government intervention. As a result, while new regulations are likely to cause investor uncertainty and could lower the price of conventional cryptos, it could send the price of Ripple soaring. Whale bots are large holders who run software to execute trades automatically, often on a huge number of different platforms and assets simultaneously.

This results in artificially creating volatility, which consequently drives the price of cryptocurrencies up or down. The higher the demand for any cryptocurrency and the lower the supply, the more likely we are to see a price increase. Unlike cryptos such as Bitcoin, the value of Ripple is tightly controlled by its parent company, Ripple Labs. The company currently holds more than half of all total Ripple tokens to keep the price under control.

However, if Ripple Labs suddenly decided to sell these off, it would flood the market with new tokens, which would have a huge effect on the price. Digital transformation is one of the biggest buzzwords in the financial sector these days. With high exchange rates and legacy systems making it difficult for companies to make online payments, it is becoming increasingly more likely companies will look towards technological solutions such as Ripple.

Plus, the news that Ripple will soon be able to offer smart contracts makes this all the more likely — and if more banks start to adopt it, the demand for XRP will increase, successfully driving up the price. Here are our Ripple XRP price forecasts for to However, given this drop, what sort of performance can we expect from Ripple in the remainder of the year?

Overall, if this happens, we would expect more demand for XRP from institutional investors. Ripple Price Prediction Improvements to crypto regulation could give more traditional investors the confidence they needed to start investing in Ripple in. Because Ripple could potentially become the new standard across so many industries. Ripple has among the highest long-term price potential out of any crypto assets.

XRP is the native cryptocurrency of the Ripple protocol. Ripple is both the blockchain network that XRP is transferred over, and the name of the company that created the crypto token and helps to push its adoption at banks and other cross-border payment companies. The XRP coin is designed to improve speeds over existing cryptocurrencies, making it especially attractive as a payment currency.

For example, Bitcoin takes as much as 10 minutes to confirm a transaction, while confirmations using Ripple and XRP take as little as 5 seconds. Jed McCaleb is no longer associated with the project and launched a similar cryptocurrency, Stellar, which is competing with Ripple for the cross-border payments market. However, Ripple dominates this industry and shows no signs of letting a competitor steal their thunder.

The chief US regulator claims that XRP tokens are unregistered securities, and Ripple the parent company has broken laws by offering unregistered securities to investors in the United States. The asset has been delisted from most cryptocurrency exchanges which could cause the asset to struggle in the long term.

However, Ripple won a request from a court judge to force the SEC to release documents related to how the entity arrived at deeming Bitcoin and Ethereum not securities. XRP is still performing relatively well despite the issues with regulators, although it has yet to make a new all-time high like many other cryptocurrencies.

It is currently trading at around 90 cents per XRP. Investors can rest assured that their capital is positioned in an asset that has garnered support from such powerful and prominent individuals. It provides plenty of hope that some of the new, higher projects may eventually come true like the following have.

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