When Ripple (XRP) was created, the developers had in mind a platform that could support financial and banking institutions. Almost a decade later, the company has started to see success, and although it’s not quite at a rate that was expected, there is some visible progress.

Ripple Growing Relationship with Institutions

The company has already established an excellent working relationship with a number of central banks such as the Saudi Arabia Monetary Authority, the central bank of Saudi Arabia. According to former Chief Market Strategist Cory Johnson, the company also has an open communication relationship with the White House.

The World Bank and the IMF have lauded the efforts of Ripple in transforming livelihoods. The objective is building liquidity, and the transfer of funds in Web 3.0 will be easier if firms and people were in a position to transfer funds instantly. Ripple (XRP) enthusiasts believe that through XRP’s liquidity tool, xRapid, a facilitator can make it happen.

>> Bitcoin Acceptance Growing: Microsoft Excel Adds Bitcoin Symbol

XRP Jumps 25% in a Week

Ripple (XRP) is one of the top altcoin movers this week, with a gain of 25% in just one week. Although there is a ceiling of about $0.46 to $0.48, bulls are optimistic that the solid march will continue. At the time of writing, XRP is trading up by 4% at $0.465. Ripple has a market capitalization of $19.54 billion currently.

Although conservative investors are waiting for a breakout above the highs set on May 16, there is nonetheless a window for aggressive investors to ramp up in the near future with possible price targets expected to range between $0.60 and $0.80. Trading volumes have surged in the last six days from 19 million to around 59 million, and because of the bullish trend, any break from the May high could see volumes hit 187 million.

What do you think?

Featured image: DepositPhotos © adriantoday

Bitcoin predictions run riot in the cryptocurrency sphere, never more so than when Bitcoin goes on a bullrun. Considering the original cryptocurrency has grown over 65% this month, it’s safe to say that it is currently on a major one.

We’ve recently heard bullish calls from cryptocurrency hedge fund manager Brian Kelly. He stated that this is only the beginning of extended gains for the coin.

But today, on the other side of the fence, is venture capitalist Jason Calacanis who predicts that bitcoin price will fall between $0 and $500 in the future.

Bitcoin Predictions From Jason Calacanis

Earlier today, Calacanis said that the world’s largest cryptocurrency by market cap operates in a manipulated market.

“It’s possible [bitcoin] is built to last, but not probable, so keep your position to an amount you’re willing to [lose]…For most, that’s 1-5% of net worth.”

He also suggested a new technology would emerge to replace Bitcoin and this would eventually damage its long-term fundamentals as an asset.

Calacanis argued that early holders would exit their positions at suitable peak formations and this would leave newer investors with the damage of a huge selloff:

“It’s possible that the early holders will clear their positions to a new group of global refugee seekers, making it built to last[…]I put that at [more than] 30 percent right now. Energy consumption, hacking, regulation & a better version are likely negative scenarios — I bundle those at 70 percent.”

>>Why the uBUCK Pay App Offers So Much More Than Any Other Digital Wallet

Bitcoin Price Predictions

Nobody can truly predict which way Bitcoin is going to move, but it has made a remarkable comeback in recent months after slipping more than 70% last year. At it’s highest high, the digital coin was worth over $20,000 back in December 2017. Only earlier in 2019, the coin fell to lows of $3,250 approx.

Now, the coins current price of $8,736.56 shows an increase of 186% in only 5 months. There are certain factors on the way which suggest the coin will continue to excel. One of these is a “halvening” whereby the mining rewards for Bitcoin will half in 2020.

What are your Bitcoin predictions?

Featured Image: Deposit Photos/zhudifeng