Free Site Registration

QUICK TAKE: deVere Says Ripple XRP Can Hit $1 Threshold by 2019

Traders Magazine Online News, October 17, 2018

John D'Antona Jr.

Can Ripple XRP break through a buck?

Yes, it can, according to deVere Chief Executive Officer Nigell Green. XRP, currently the third largest cryptocurrency after Bitcoin and Ethereum by market cap, is going to gather momentum and its price is likely to reach the key threshold of $1.00 by year-end, he forecast.

His prognostication came amid XRP’s recent 100 per cent gain, with other major digital currencies also performing well.

“There’s been an immensely positive buzz regarding cryptocurrencies in the last few weeks – with the standout being XRP,” Green told Traders Magazine. “I believe that whilst the crypto market, in general, will be primarily bullish between now and the end of the year, it will be XRP that will continue to gather the most momentum in this period.”

He added that XRP will go on to gain more traction than many of its rivals because of its unique features, technologies and problem-solving capabilities.  

“Many of these unique characteristics enable it to help businesses, including real estate and tech firms, to save money and speed-up and add more security to transactions,” Green explained. “This is also why hundreds of financial institutions across the world are already working with XRP - and this is a trend that is set to continue and grow.”

In addition, XRP has been positioning itself to become a leading international facilitator of global remittances and inflows, he continued, noting the growth of emerging economies in Latin America, Asia and Africa, all of which are open to using the currency.

“The use of XRP is set to increase and naturally this will positively impact its price. I think it is likely that we’ll see it hit the $1.00 price level before year-end. It could even be double this in 12 months’ time as XRP adoption and usage soars,” he said. “XRP can be expected to become a major player in the world’s shift away from fiat money over the next few years.”

For more information on related topics, visit the following channels:

Comments (0)

Add Your Comments:

You must be registered to post a comment.

Not Registered? Click here to register.

Already registered? Log in here.

Please note you must now log in with your email address and password.