Ripple (XRP) Still Top Cryptocurrency to Hold in 2019
To say that 2018 was a bumpy ride for cryptocurrencies would be an understatement.
From the explosive breakout in the general cryptocurrency space that saw Bitcoin, still the flagship cryptocurrency, top out at $20,000 per unit to the sharp drop and steady decline of all cryptocurrencies right until the end of the year, 2018 made many newcomers to cryptocurrencies and blockchain technology both very rich and very poor in a short amount of time.
During this heady time a few central cryptocurrencies, and blockchain technology in general, continued to advance in technological achievement and popular adoption despite the manic price action that dominated the cryptocurrency news in 2018.
However, one of these cryptocurrencies stands out above the rest. Ripple’s (XRP) revolutionary impact on the system for global payments makes it the top cryptocurrency to watch in 2019 and beyond.
2019: The Year of the Real Cryptocurrencies
While the steady decline of cryptocurrency prices has washed many amateur investors out of the market for now, committed cryptocurrency enthusiasts are more confident than ever that the fakers have been exposed and the real advances in cryptocurrency and blockchain technology are just getting started.
Major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are still well above their pre-blowout highs of 2017 and early 2018, meaning that they have still steadily appreciated in value since their inception, as cryptocurrencies in general become increasingly incorporated into mainstream transactions.
This trend of steady price increases is likely to continue in 2019 as the rate of cryptocurrency adoption accelerates and the state of blockchain technology consolidates around the few solid survivors of 2018’s cryptocurrency mania.
Ripple (XRP) and International Transactions
While Bitcoin (BTC) may continue to be the original flagship cryptocurrency, it is second generation (2nd Gen) cryptocurrencies, such as Ethereum (ETH) and Ripple (XRP), that are likely to dominate the blockchain industry in 2019 and beyond.
2nd Gen cryptocurrencies learned from the successes and failures of Bitcoin (BTC), and used the underlying blockchain technology to solve more specific issues and problems in the existing systems for global transactions.
Ripple (XRP) was designed with a specific focus on payments, and was created to facilitate fast and accurate money transfers that can rival the current SWIFT system for global transactions.
Whereas the current SWIFT system used by banks charges extremely high fees and can take anywhere from 3-5 business days to clear, Ripple (XRP) can perform the same transactions in minutes for negligible fees. Moreover, whereas each SWIFT transaction is a two-party agreement between financial institutions, Ripple (XRP) transactions rely on the distributed ledger system that is central to blockchain technology, which means more transparency and security for end-users of the system.
Ripple (XRP) in 2019
While the surviving cryptocurrencies in general will continue to be adopted at an accelerating pace in 2019, Ripple (XRP) stands out above the rest as the most likely cryptocurrency to rapidly increase in value in 2019 and beyond.
As Ripple (XRP) increasingly replaces the current systems for international transactions by providing a payment system at a fraction of both time and cost, the value of the underlying cryptocurrency will increase accordingly.
Early adopters of Ripple (XRP) have still covered their initial investment many times over, and those cryptocurrency investors who continue to hold or buy into Ripple (XRP) at the current lows are well-positioned to profit from the coming adoption of Ripple (XRP) as a central feature of the global payment system.
Disclaimer: The author of this article does not currently invest in cryptocurrencies so that they can offer unbiased analysis of the contemporary crypto and blockchain space.