Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. Banker Predicts $600 for 2016, Doubling in 2017 At the beginning of the year an analyst with Wedbush Securities, Gil Luria, predicted a price of about $600Â in 2016. If you are a day trader, XRPâs trading volume should grow as well. In future, it is expected to act as a liquidity solution for the cross-border transactions. Third, bitcoin will continue to enjoy natural inflation due to its limited supply. This doesn’t mean that bitcoin won’t suffer setbacks, but the overall trend line will likely point up through 2017 bitcoin price prediction 2017 today. If this prediction turns out to be correct, investors could generate massive returns. Such returns would present an extraordinary amount of growth. In the run up to the new supply for mined blocks being cut in half bitcoin’s price began to rise, breaking the $750 mark in mid June. In the first half of 2017, XRPâs price surged up to 4000%. This increased adoption will be propelled investments in blockchain technology.
This increases inflation and encourages people to invest in things like bitcoin. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies. So while $5,000 and other numbers are perhaps a bit overly optimistic, $1,000 seems very reasonable. Just like other cryptocurrencies, Rippleâs cryptocurrency, XRP also uses the blockchain technology. Right now, SWIFT facilitates most of the international payment transfers. Three Factors That Could Spur Bitcoin Growth Vinny Lingham, the CEO of Civic, predicts that bitcoin could hit $3,000Â in 2017. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. Ripple claims that there were more than $11 billion worth of transactions in the second quarter of 2017. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads. â Trading Volume of XRP is nowhere close to the most popular cryptocurrencies, BTC and ETH. Go An Important Caveat: Experts May Make Self Serving Predictions Many of the predictions made above are coming from people who have self-serving interests, and would benefit greatly if bitcoin suddenly increased dramatically.
It provides a frictionless experience for global fund transfer using the blockchain technology bitcoin price prediction 2017 today. Lingham’s prediction comes down to three factors. As of right now, Luria’s prediction is pretty much spot on as bitcoin has been trending at about $600 dollars over the past several weeks.ReddCoin.. â Cryptocurrencies As Safe Haven : Cryptocurrencies performance during 2017 will be a determining factor for their demand in 2018. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. Advertisements Last updated on January 2nd, 2018 at 12:00 am The following article represents the opinion of its author and does not constitute as investment advice. This would mean that bitcoin’s price may actually double from where it is trading at right now. As the trading volume of this cryptocurrency is nowhere near the most popular cryptocurrencies, BTC and ETH, it is expected to witness at least one-fourth or half the spike as seen in 2017. Please conduct your own thorough research before investing in any cryptocurrency. .Golem.