Is Ripple "the dark horse" of 2020?

Ripple's crypto currency XRP is seen by many as the surprising cryptocurrency of 2020. The value of Ripple is increasing now that more and more large financial companies - including the largest lender of the Arab Emirates - have already entered into the Ripple Transaction Protocol.



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The big advantage of Ripple over all other crypto coins is that it is centralized and is focused on cooperation with banks and financial institutions.

Top 5 and positive growth

An important reason for experts to believe in Ripple is that the currency was the only one to have positive growth from the 5 top 5 coins. Bitcoin, Ethereum, Litecoin and Bitcoin Cash all slipped considerably, especially in the first weeks of this year .

Potential

The experts also indicate that there is a lot of potential in Ripple. For example, it offers much more than Bitcoin (which is just an alternative payment system) and wants to help banks make overseas transactions faster (in less than 15 seconds) at much lower costs (not to say free).

For comparison: a transfer with SWIFT can take up to three days. It is not surprising that large banks are going to work with Ripple. And that only benefits the value of Ripple.

IDT and MercuryFX

Apart from The National Bank of Abu Dhabi, Ripple has also succeeded in concluding a deal with telecom company IDT and payment service MercuryFX. Even more enthusiasm for this special crypto coin.

Price forecasts

The big question is of course what Ripple will do in price. There is no clear answer to that. Many experts look at the market cap (total sum of the number of Ripples in circulation times the price per Ripple) and find it difficult to believe that it will increase, so that the value will not be much more than a few dollars.

Others think that $ 15 should be feasible if Ripple will soon be the only crypto currency that will continue to attract so many customers. On other websites, amounts of tens of dollars are mentioned, but then in a few years.

We will have to wait and see what Ripple will eventually deliver.