Cryptocurrency has been a hot topic among investors recently, especially when those ups and downs of Bitcoin value has brought a huge profit for traders.  Garlinghouse, CEO of Ripple, states that the digital currency market is more likely to decrease as bitcoin prices decline and vice versa. However, as CNBC reports, he also said that the situation could end soon as markets start to acknowledge the differences between these assets and behaving independently of each cryptocurrency.

Ripple has developed a blockchain network for faster global financial payments. The company has signed more than 20 production contracts with banks around the world, including Kuwait Finance House and MoneyGram.

However, the prospect of XRP is not so bright as this cryptocurrency has lost more than 70% of its value from the beginning of the year till now and was the worst performer among the top digital currencies.

According to CoinMarketCap, the Crypto market began to decline from late last year and has lost more than 50% of its market cap. There are more than 1.600 cryptocurrencies in circulation, more than 133 of them have the market capitalization of over $100 million.

Garlinghouse predicted that more than 99 percent of this digital assets will disappear in the next 10 years. New launched cryptocurrencies will be washed out from the market soon if they don't actually solve a real problem.