2 days ago · At its peak in January , the market was valued at more than $ billion. XRP's current market cap of $ billion is bested only by ether ($71 billion) and bitcoin ($ billion). Dec 17, · For bitcoin, multiple traders have argued the price could clear $1 million against a current $20,plus. This problem holds for XRP. At a current price of 56 cents, and with Ripple . rows · 2 days ago · View the full list of all active cryptocurrencies. Rank Name Symbol Market .
Market cap bitcoin rippleHere We Go Again: Bitcoin, Ethereum, and Ripple Are Skyrocketing | The Motley Fool
We are going to have a big growth surprise early next year, and then in the second quarter, it is going to explode. There is a macro reason to be long. His view was he said, listen, it is scary. It makes no sense. You have to decide, am I going to ride it or not? Then no regrets if you decide you are not going to ride it, like we are riding this frenzy bubble of this new regime that we are in when you are printing more money than we have ever seen before.
What is driving Bitcoin is driving Tesla and Snowflake and every venture back. First, at least with regard to bitcoin, there's a perceived scarcity problem. Bitcoin is often viewed as a direct threat to gold as a store of value and potential stock market hedge given its "cap" of 21 million mined tokens there are currently The issue is that these circulating supply caps aren't tangible like gold.
This is to say that we can only mine the amount of gold found on planet Earth. By comparison, programming is all that keeps bitcoin's virtual cap in place. A second but far more concerning issue for bitcoin , Ethereum, and Ripple is utility. Yet as of Monday, Nov. There's also zero guarantee that crypto tokens will be necessary. Brand-name financial service and technology companies are developing blockchain technology of their own that may be able to operate with fiat currencies, thus rendering arbitrary digital tokens obsolete.
The third big concern here is security. Although blockchain is designed to be more protective of users' digital assets, a number of large-scale token thefts have occurred over the past decade. The issue isn't so much that thieves are out to get your crypto tokens so much as that the Securities and Exchange Commission SEC can't do much to stop it or help those affected. With most crypto trading and payments occurring outside the U. I believe that what we're seeing in the crypto market is nothing more than sentiment-driven trading without any substance behind it.
More than a century of investing history has shown that investor sentiment is impossible to predict, and it can shift at the drop of a dime. It's happened before, and it's quite possible it could happen again. Investing Best Accounts. Stock Market Basics.
Stock Market. And there are at least guardrails in that trading. This problem holds for XRP. Is that fair? The other broad issue with cryptocurrencies — and there are thousands — is that their utility is difficult to see, and in some cases simply nonexistent.
Maybe bitcoin will be a store of value simply because enough people believe it to be so. Maybe not. For many altcoins, meanwhile, the use case is far less clear. Many have proven to be outright scams. An investor who owns Apple stock knows what Apple produces, and what its value is to the economy and even the world at large. The same cannot be said for many, or even most, cryptocurrencies. But there is at least a case to be made here. Tens of trillions of dollars move worldwide every year.
And it could. The currency is overseen by Ripple , a private company, and the network is managed by assigned validators. To be fair, those aspects also remove some of the benefits of bitcoin, most notably its decentralized nature.