After XRP hit $ 1 on April 6, its spike doesn’t just end there – estimates also show the coin will soar up to 300% in the future. This will interest crypto hodlers who love identifying potentially viable coins.
The coin has been high for about three years, switching between fourth and fifth places among the top cryptocurrencies based on capitalization. This month, XRP has seen a 68% increase, which is a remarkable market value. The recent strong growth of 50% put the coin back in fourth place. Although XRP has been removed from Coinbase following allegations by the US Securities Exchange Commission, recent growth suggests the possibility of Ripple re-registering on the platform.
Ripple And Its Price Predictions: Here’s What You Should Know
There is a lot of talk about XRP right now. Among the top cryptocurrencies, this coin shows an increasing rate of activity. The percentage increase causes analysts to discuss the future of this coin in the crypto scene.
There were several arguments about the status of XRP as a currency or security. This came to the fore in the litigation that Ripple is embroiled in. The judge appears to be looking at XRP as a form of currency that differentiates XRP and other leading options like ETH and BTC. Several factors affect XRP’s price prediction. These factors include:
- Digitalcoin estimates price growth of 88 cents in 2021. It is estimated that the coin will be above $ 2.06 by 2026. These estimates suggest a bright future for XRP. Given the recent sharp increases, these estimates may also see an increase in relation to the numbers they project.
- Credible crypto also predicts that XRP could hit an 800% increase if it could beat current market resistance. This is an interesting prediction considering the recent bullish nature of XRP. If the coin keeps the momentum, no one can say it won’t skyrocket in the years to come.
- Another interesting prediction came from Will Meade, a billionaire hedge fund manager and alum from Goldman Sachs. He calls for a 1500% increase in the XRP and says there is a good chance the coin will soon jump significantly to $ 3. Similarly, through technical analysis, a financial services advisor named Sean Matthew argues that XRP can reach as much as $ 10, showing a similar increase to 2017 and 2018.
The current performance of Bitcoin among other top cryptocurrencies
Although bitcoin is a strong force in the market, the coin is experiencing a decline. This decline is compounded by the rise in the market value of ETH, Binance Coin, and XRP. These coins have received some impressive boost in the past 48 hours.
At a time when the global market capitalization of cryptocurrencies is around 1.95 trillion, Bitcoin currently has the lowest market dominance at 55.9%. The last time BTC market dominance was this low was in May 2019.
As the dominance of BTC market capitalization continues to decline, the price of XRP continues to rise. One crypto researcher argues that there may be a repeat of the last market cycle situation where BTC dominance dropped to around 35%.
At the same time, Ethereum is just as successful in the market as XRP. ETH, which also ranks second after BTC in terms of market capitalization, has seen a nearly 20% increase in the past seven days. On April 3, ETH was trading at $ 2,140, which remains an all-time high for the coin. At this rate, ETH’s current global market capitalization is USD 240 billion with a dominance rate of 12.3%.
Staking out XRP on 1xBit and its immense advantages
Lots of crypto investors are buying in the XRP surge and trying to take advantage of the coin. Say you have XRP and you want to bet on your favorite games and casinos. 1xBit Crypto Sportsbook & Casino gives you the support you need. Here are the advantages of the platform that you should know about:
- Get a welcome bonus of up to 7 BTC on your first 4 deposits
- Use up to 30 cryptocurrencies, including XRP
- Complete anonymity for casino games and sports betting
- Use one of our 100+ game providers
- Get access to over 5000 slots that allow you to play 4 games at the same time
- Easy registration process and no transaction fees.
- Get access to high odds and same-day payouts.
It’s a good day in the market for XRP owners. If you are looking for a smart platform to play your games on, 1xBit is the place for you.