Will Ripple's XRP Thrive In 2019?

[PRIBO247]

For the wider crypto community, there are only
three major coins that everyone looks at; Bitcoin,
Ethereum and Ripple’s XRP. All three of them are
down massively this year after the crypto bubble
burst. Just how much? Bitcoin is down nearly -75%
year-to-date, Ethereum has plunged over -88% YTD
and Ripple’s XRP token has lost over -50% of its
value this year. Comparatively, it doesn’t take long
to figure out that Ripple’s XRP is the strongest
among the top three coins.

Regulatory space has been the major reason behind
the current selloff in the crypto markets and of
course, the lack of any real projects has also
impacted the industry. Ethereum was by far the
strongest coin at the start of this year when we look
at actual use and adoption. Several tokens were
issued based on this protocol, however, scaling
became the biggest nightmare for Ethereum.

Compared to its peers, Ripple has the wealthiest
community in terms of project support. There is no
doubt that throughout this year, Ripple has shown
that it can bring the biggest names to its
conferences. This shows the company’s reach and
the talent it can attract. At the same time, the team
has worked hard to get banks to integrate their
systems. But there is still a lot of work that needs to
be done if Ripple really wants its technology fully
integrated into the banking system.
So which of the three top coins will outperform the
rest and bring the biggest return on investment?

As mentioned earlier, this year it was Ripple that
got the least bruises in this battle. Ripple’s team has
been busy creating partnerships with industry
leaders. If the system is good enough and also ticks
all the boxes from the regulators’ point of view, it is
a lot easier for institutions to integrate a technology
that exists and has already gone through all the
hoops rather than develop something from scratch.
Some of the most significant partnerships Ripple
created are with Israel’s GMT, Turkey’s Akbank,
American Express, CIBC, MoneyGram and Earthport
in order to facilitate the cross-border payments.
Having said this, the jury is still out on the
regulatory status for Ripple. The U.S. Securities and
Exchange Commission (SEC) hasn’t decided if it is a
security or not. The most obvious reason is the
decentralised nature of Ripple’s platform but at the
same time, it has tightened its leash for other ICOs
accused of selling unregistered securities.

Going into 2019, Ripple would have to ensure two
things, besides industry partnerships; to keep
integration on top of their list and to secure major
players in the industry who are willing to provide
custody. For instance, Coinbase recently announced
its list of 30 assets to its trading list and XRP was
one of them. Looking forward, if Goldman Sachs or
another similar institution jumps into this industry,
Ripple’s team need to make sure that XRP token is
on top of their list. Ripple's XRP could become the
most dominant token going into 2019 if the
company can deliver on the above.

https://www.forbes.com/