Will Ripple be Bigger than Bitcoin?
Since its inception in 2009, Bitcoin has served as the poster boy (for good and for bad) for the cryptocurrency market. When the digital currency achieved a market capitalization of $160 billion as its value soared at the end of last year, it seemed unlikely that this status would be challenged anytime soon.
This is not the case, however, as rival currencies such as Ripple are gaining ground on Bitcoin, and according to some experts, could surpass it before the year is out.
In this post, we’ll ask whether or not this is likely, and ask if there are any other currencies that may challenge Bitcoin in 2018.
The Rise of Ripple – Will it Supersede Bitcoin?
Over the course of the last decade, Bitcoin has become a widely used and commonly sold currency, one that has impacted everything from online gambling to forex trading. Cryptocurrency Ripple is now treading an extremely similar path, however, while achieving growth at a far faster rate than Bitcoin ever did.
According to a number of established cryptocurrency experts, Ripple (XRP) is likely to continue this trend in 2018 and potentially emerge as a more lucrative investment option than Bitcoin. This observation is partially based on the initial value of the currency, which is trading under a dollar and offering exceptional value to investors.
Conversely, Bitcoin continues to trade above the $10,000 mark, meaning that there is far less of an upside for investors who get on-board now.
Ripple is also benefiting from its faster transactions fees, which when aligned with lower fees, creates a compelling option for investors and early-stage adopters alike. Not only this, but the wider range of applications associated with Ripple and its potential to disrupt industry offers it more mainstream appeal than Bitcoin, which has historically struggled with controversy and its use on the black market.
Is Ripple the Only Threat to Bitcoin?
While it has yet to be seen whether or not Ripple can supersede Bitcoin this year, it is not the only cryptocurrency that continues to make waves. Ethereum is another diverse and growing currency, for example, and one that could be placed to achieve a higher market capitalization than Bitcoin during the next 12 months.
Ethereum is also the currency behind the concept of a revolutionary ‘zero house edge’ casino, which could create a level and transparent playing field within the online gambling sector.
Regardless, this year will be an exciting one for cryptocurrency, with Bitcoin no longer required to fly the flag for this marketplace alone.
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