Examining popular cryptocurrency news Ripple has been the flavor of the year so far it seems. Sitting 3rd after Bitcoin and Ethereum in total market cap, Ripple is one of the most diverse digital currencies. It has given Ethereum a scare by aiming high for 2nd place just behind Bitcoin in the cryptocurrency market. It will be an interesting year for Ripple when considering how the market fluctuations are affecting the crypto prices.
Ripple in The Market
So far in 2020 Ripple has not had the most profitable 1st quarter, unfortunately, but this lull hasn’t stopped investors. Reporting in cryptocurrency news Ripple shows a downward slope; many believe it is just the beginning and will rebound successfully. This could be the best time to take advantage of the lower prices to obtain this digital currency for investments.
The high point for Ripple so far in 2020 was February when the tipping point was $0.3264 before declining significantly. Ripple’s worldwide popularity continually increases as they form relationships with financial institutions for many monetary transactions, including fiat and cryptocurrencies. Not many cryptocurrencies today come close to the versatility that Ripple has for a digital asset in the market.
With Worldwide Cryptocurrency News Ripple Still Makes People Take Notice
There are many positive aspects of Ripple that investors find attractive for a cryptocurrency asset. These include:
• A centralized system for stability
• Well established as a strong competitor since 2012
• Financial institutions are supporting the Ripple network platform
• Interchangeable with other currencies including fiat and cryptocurrencies
With such adaptability, this digital token has made a name for itself in the short time available in the market. Some cryptocurrency news Ripple has shown that even with a rocky start, 2020 may end up a productive year. Considering the current predictions, Ripple’s movement on the market over the next year may not be what investors are expecting.
How Ripple Is Making Its Mark
Working with over 300 different financial institutions, Ripple has made important business connections through the years establishing themselves. By exposing the Ripple platform RippleNet for the use of payment transactions, the demand increases Ripple’s value in the market. By expanding the use of Ripple’s networks around the world, exposure increases to solidify them in the financial market.
Currently making cryptocurrency news Ripple developers have a proposed secure system to enable private transactions on the network between users. This added feature will enable exchanges to happen without the threat of outsider tampering. This would be done with the use of blinded tags to mask the number sequence on the network, ensuring privacy. Considering this, users are interested in protecting themselves and their privacy making this ability an essential aspect for the future.
No matter where you look in cryptocurrency news Ripple will continue to be the topic of the day. Predictions on market movement from financial gurus for the big crypto names will top headlines as 2020 gathers steam. Potential investors need to consider all aspects of the market when looking at Ripple and how they fare currently. Values can change overnight, and predictions are just educated guesses, and nothing is guaranteed.