Very nice project . I am very much interested in this .

Fingers Crossed , Hope ripple increase in this Month end.

In mid-December, Bitcoin took a wild ride where it reached to the $19,000 and people almost go crazy for it. Everyone just wanted to have bitcoin and some other cryptocurrency in their wallet to make their future secure but who knew that bitcoin is going lose all its charm in few weeks.

People bought cryptocurrency at high prices but then in the first week of January bitcoin prices crashed down to $11,000 after several countries started to crackdown against cryptocurrency and it badly affected the value of bitcoin.

Experienced analysts and traders have made a prediction about bitcoin that it’s going to reach $25,000 or more in 2018. It was hard for bitcoin to get stable in January and to make people recover their amount from the cryptocurrency market.

Technically it’s a rule of trading that when something goes to its peak then it crashes to give rest to the market and to give chance to the buyers so they can buy some coins and have profited from it. After a deep breakout of a value of bitcoin, but another day it gets recovered from the loss and reached the point $12,000.

The question of every trader and investor after shaking January is that what they should expect in February 2018? In the last days of January, it may feel like that it’s still going to stuck in between $11,000 to $12,000.

In the mid of February chances are that bitcoin may drop to the $5000 but if in the starting of the February bitcoin reached to the $13,000 then chances are it will start a new journey of prices.

This triangle pattern of the prices may revolve like this till February if traders and investors are going to show their interest towards the bitcoin and they can hold the coins for long then bitcoin can get back to the old prices.

1- Operations :
Ripple is working with some of the biggest financial institutions around the world. Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. It provides a frictionless experience for global fund transfer using the blockchain technology. In future, it is expected to act as a liquidity solution for the cross-border transactions. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads.

Right now, SWIFT facilitates most of the international payment transfers. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. SWIFT has a monopoly over cross-border settlements. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not. However, it can indeed break the monopoly of SWIFT over the international fund transfer.

2- Powerful Technology :
Ripple can process 1500 transactions per second, which is huge as compared to Bitcoin. Bitcoins can handle up to 7 transactions per second. Ripple’s technology is powerful enough to replace international payment systems such as VISA while reducing the cost and allow instant transfers.

3- Trust :
A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies.

4- Cryptocurrencies As Safe Haven :
Cryptocurrencies performance during 2017 will be a determining factor for their demand in 2018. 2017 saw the price of XRP surging rapidly during the first half. Other cryptocurrencies won’t find it easy to copy the market development of Ripple. Investors interested in the digital currencies as a haven for the uncertain times will find Ripple as a promising candidate.

5- Familiarity :
Bitcoin and Ethereum are the most traded cryptocurrencies. A large percentage of cryptocurrency traders and investors are still not familiar with Ripple despite its promising technology. Once, a few institutional investors join the network and Ripple permeates the mainstream investor’s community like Bitcoin and Ethereum, an influx of trend followers can make the XRP prices shoot through the roof.

Will Ripple comes to 2 dollar by end of Feb 2018? Please give us your comments and analysis.

In India i recommend Koinex.

Very Nice project. I will start doing Bounty from Tomorrow .

Verify my account at telegram @ Suman16