RIPPLE NEWS, ANALYSIS AND FORECAST
Latest Ripple News
Ripple Technical overview
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THEMES AFFECTING Cryptocurrencies
SPECIAL YEARLY FORECAST
Interested in yearly XRP/USD forecast? Our experts make yearly updates forecasting the next possible moves of the ripple-dollar pair. Here you can find the most recent forecast by our market experts:
Ripple Forecast: XRP/USD clutches above $0.20, is holdling an effective XRP strategy?
Ripple is currently in consolidation above $0.20. Therefore, there is not much that can be said in regard to this week’s price performance, except for the move that tested $0.2150 on Monday.
Latest Ripple Analysis
Editors' picks
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MATIC Price Prediction: Polygon looks to double in market value
MATIC price is currently grappling with a crucial resistance level, a breakdown of which could send it flying to a demand barrier that could trigger a reversal in the short-term downtrend. A 100% upswing to $1.727 is on the cards for Polygon.
New crypto tax measures will raise $28 billion to fund Senate bipartisan infrastructure deal
Cryptocurrency investors in the United States would be exposed to stricter rules as the Senate aims to collect more taxes. Digital asset businesses would be required to report crypto transactions of over $10,000.
SafeMoon Price Prediction: SAFEMOON contemplates 34% gains
SafeMoon price dropped roughly 20% between July 19 and July 20, slicing through the range low at $0.00000273. Despite the crash, the recent double bottom formation suggests an upswing is likely.
ProFund launches first Bitcoin mutual fund amid SEC delays on BTC ETF decisions
A mutual fund company has launched the first Bitcoin Strategy mutual fund. This move comes at a time when the US SEC has delayed multiple decisions on Bitcoin ETFs. ProFund aims to allow individual investors to gain ...
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What is Ripple?
Ripple is the third largest market capitalization strength in terms of cryptocurrencies. It was launched in 2012 as a decentralized free software payment system and under this name we find both the financial protocol for transfers and the cryptocurrency better known as XRP.
However, until 2016 Ripple did not obtain the necessary accreditation to operate as a cryptocurrency, ending up being fined the previous year with a sum of 700,000 dollars. Just one year after obtaining its license, its capital had amounted to 55 million dollars in part due to its acceptance and subsequent collaboration with banks such as Santander, Siam Commercial Bank, Royal Bank of Canada or UniCredit, among others.
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5 most predictable cryptocurrencies
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Differences between Ripple, Bitcoin and Ethereum
Among the most outstanding features, the speed of transfer stands out because for every second a total of 1,500 transactions can be carried out while other cryptocurrencies such as Bitcoin and Ethereum only allow 6 and 15 respectively. Likewise, completing a transaction takes around 4 - 5 seconds while with Ethereum it takes 2 minutes and with Bitcoin, it goes up to almost an hour.
Due to the importance of Bitcoin today, Ripple has a payment gateway that facilitates payment between its users with these two cryptocurrencies without the need to have their own wallet with that currency. Despite using a similar operation that allows the connection with other cryptocurrencies, it does not work under the blockchain technology.
Another main difference with respect to other cryptocurrencies is the absence of mining. It’s not possible to generate new Ripple units this way. Right from its launch, it was agreed that the maximum number of Ripple would be at 100 billion units, although not all of them are in circulation at this time. Ripple units are being released by their creators periodically. In addition, it’s worth underlining that nearly 20% of the market cap is owned by its creators.