XPRING—to Boost and Stabilize Ripple(xrp)
As the coinbase price chart shows, ripple ranked 3 among all the cryptocurrencies. Before this, Ripple xrp has two big ups and downs since it has been lunched in public, xrp price have reached the peek by 3.65USD per coin in Jan 2018. According to the history data, many of the cryptocurrency experts believe that it will not only be able to reach those peaks but also will be able to create new high.
Good news is, Ripple launched a new initiative several days ago — ‘Xpring’ to boost and stabilize ripple market cap through. The purpose of this project is to build an ecosystem by integrating with its own cryptocurrency xrp and smart ledger and draw more entrepreneurs and their business by using a mixture of investments, grants, and incubation. So, there is no doubt that this project will expend the use of xrp and surge the value of the token too. It clearly showed that Ripple have responded to the highly controversial issue since it owns over 60% of all tokens. they are expecting it succeed in a vested interest. Even in the short time, the need for variety is very clear.
Before this project have been launched, Ripple has already succeed in financial services business, especially for money transfer. More than 100 banks, financial companies, and remittance firms are already using Ripple’s platform. This platform facilities the easy, fast, reliable, and cost effective global money transfers. But also due to this advantage, Ripple is actually pretty undervalued currently. The value of xrp once raised dramatically in Dec 2017 and Jan 2018, and its market value shot up at the peek 141,363,013,461USD. But the price dived down back quickly after bullish stock market ticker. So it carried an crisis for lack of use for xrp, which has been seem as a tool for banks but has attracted only cross-border payment services as customers.
Its time to pay attention to Ripple(xrp) although it’s still going down slightly. In the coming future, I believed as it gains new businesses and new clients, Ripple(xrp) will be most likely to increase its market cap and value significantly and going on a stable rising trend. Of course, apart from paying attention to these big currencies, sometimes we can also find some potential currencies which you may never heard about it, such as eboost, which has always focused on the e-sports industry.