Ripple Analysis: A constantly growing cryptocurrency
Ripple is one of the most popular cryptocurrency in recent weeks, following the movements to levels of $ 1.2 over the weekend. Rumors indicate that it is likely that the other main competitors, to fall to levels below $ 1.00 in the next week.
Keep in mind that Ripple has been shaking hands with Japanese banks recently and these alliances allow the cryptocurrency to make its way into the financial world and therefore have greater reliability from investors which is obviously an advantage compared to the other cryptocurrency market options.
This could be a turning point for Ripple, with Ripple's Blockchain technology and with financial institutions that are already adopting Ripple's technology for cross-border payments.
Even if Ripple has gone up in price it is still at an ideal level for the investment since the price is around $ 1 which can allow people to make small investments of 100 units for a low price which would be $ 100.
Assuming that Ripple has an increase of 60% in 2018, those who have invested $ 100 dollars would have a feasible return. In the following equation we show an example of the Ripple price increasing by 60% based on the current price.
Investment 100 XRP x $ 1.00 = $ / Return 100 XRP x 1.60 (60% increase) = $ 160
Ripple has demonstrated the most stability in recent days and was able to create negotiations with important financial entities. Compared to other cryptocurrencies Ripple has more chances to grow in 2018, as an example we can take IOTA which went from $ 1.10 to $ 3.65 in less than 3 months.
Still people should never forget how volatile the cryptocurrency market is and should always remember that loosing 90% of the investment is also an option. Never take any information for granted. Do your own research from multiple sources!
Always invest only what you can afford to lose because lately cryptocurrency trading has become more like gambling.