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wild-1

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01/01/18

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Post #: 29966114
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Originally posted by wild-1 ↑

Ripple or Cardano: Which surging coin should you buy?

XRP and ADA prices are both going through the roof right now, but which has the best potential?

Over the last 48 hours both Ripple and Cardano have surged over 30%. Ripple is now the second biggest cryptocurrency based on market cap taking over Ethereum, while Cardano is now the fifth biggest cryptocurrency after passing Litecoin.
Cardano's recent spike has come due to the next major update for the platform being due for release next week, as it hopes to become the next Ethereum.
While Ripple has seen incredible growth after announcing new partnerships in Asia that could lead to XRP being used in card payments.
Why Ripple has potential

Ripple's potential lies on whether it can get banks and financial institutions on board to replace the old SWIFT system which is currently used by banks for international transactions. Ripple can process transactions much faster and cheaper than SWIFT, processing in seconds - not days - and with far lower fees.
List of exchanges that allow you to buy Ripple
In the USA Ripple announced in late November a partnership with American Express, opening up American Express’ business customers on its FXIP platform to route payments through Ripple’s blockchain network. Ripple added that XRP will be used with American Express to speed up payments "later on". This partnership also links with UK bank Santander to allow instant US to UK payments.
SBI Ripple Asia, a joint venture between Ripple and Japanese financial service company SBI Holdings, announced earlier this week that it is creating a consortium to look into the role distributed ledger technologies such as Ripple can play in card payments. This consortium has already developed technology which enables payments through Ripple using phone numbers or QR codes.
Asian businesses are going nuts over it too, with 75 large groups already signed up to support Ripple. 15 of the world's top 50 banks have also worked with Ripple in some form.
If rumours of Coinbase and other mainstream cryptocurrency brokers picking up XRP are true, we could continue to see the price rise at a decent pace. Likewise, if more banks continue to partner with Ripple for international transactions and it starts to take over from SWIFT it could spike even further. If the right partnerships are made and banks continue to adopt the technology, it could reach US$5, US$10 or even US$20 by the end of next year. However that all depends on its partnerships.
Why Cardano has potential

If you think of Bitcoin as a first generation crypto, Ethereum as a second generation, Cardano is pitched as the third generation cryptocurrency. It wants to solve the three biggest issues with current coins - sustainability, scalability and interoperability.
Choose an exchange to buy Cardano
The biggest advantage of Cardano is that unlike Bitcoin, it's built with two layers. You have the first layer called the Cardano Settlement Layer which works as a more efficient bitcoin, handling the balance ledger and basic transaction side of things.
It has a second layer though, called the Cardano Computation Layer. This is where decentralised apps and smart contracts built on Cardano will be based and can operate separately to the CSL layer.
These multiple layers also mean that changes can be made to the platform without a fork.
Cardano itself was developed through peer reviewed academic research and is based on the Haskell programming language, which is viewed as extremely secure and uses mathematical proof of correctness to verify code.
Cardano has the potential to be the new default for decentralised app development and smart contracts, thanks to its ability to scale and handle transactions in a faster way. The platform will also support smart contracts written in Ethereum's Solidity language too.
Which one will have a bigger 2018?

It's hard to work out whether Ripple or Cardano will be larger in the long term, however over the next 12 months, we should see Ripple outpace Cardano.
Ripple's technology is already developed, and the rate in which it is signing on new partnerships across the globe should increase in 2018, also increasing the XRP value. The succes of its deal with American Express and Santander will be critical, as financial institutions across the world watch to see if it could also be a viable solution for them. With its price currently sitting a touch above US$2, it wouldn't be crazy to think it could reach US$5 or even US$10 by the end of 2018.
Cardano, while it has a bucket load of potential is still not a finished platform. It has a few big updates due throughout the year, however it still needs to prove itself in the real world. It's currently sitting around $0.70 per ADA token, and has potential to go past $1 in the next month, however it's not quit clear how much higher than that it will go until Cardano's platform is live and performing.
This article should not be interpreted as a recommendation to invest. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Historic performance is no guarantee of future returns. Before investing you should obtain advice and decide whether the potential return outweighs the risks.

https://www.finder.com.au/ripple-or-cardano-which-should-you-buy

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Ripple: cryptocurrency enjoys end-of-year surge – but will it endure?
Ripple, also known as XRP, peaks at more than $100bn and surpasses Ethereum to become second most valuable cryptocurrency after bitcoin

Ripple CEO Brad Garlinghouse said: ‘Proud to be ending 2017 with incredible momentum on a number of fronts!’ Photograph: Getty/CNBC
Edward Helmore in New York
Mon 1 Jan ‘18 06.35 AEDTFirst published on Mon 1 Jan ‘18 06.34 AEDT

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If 2017 was the year of bitcoin, the pioneering cryptocurrency that neared $20,000 in December, will 2018 be the year of Ripple?

From the future of bitcoin to Facebook, 2018 in technology

Read more
The market value of Ripple, also known as XRP, rose more than 50% on Friday, to a record $85bn. Ripple continued to climb over the weekend, peaking at over $100bn, and now surpasses Ethereum ($72bn) as the second most valuable cryptocurrency after bitcoin ($237bn).
Friday’s sharp run-up puts the currency on track to have risen in value by more than 35,000% over the course of 2017. It began the year trading at around $0.006 and now sits at $2.25, according to coinmarketcap.com. Just three weeks ago, the currency was trading at 25¢.
According to Bloomberg, Ripple’s gains in 2017 have far outpaced the gains of Ethereum and bitcoin, which have gained roughly 9,000 and 1,400% year-to-date, respectively.
Ripple CEO Brad Garlinghouse said on Twitter on Sunday: “Proud to be ending 2017 with incredible momentum on a number of fronts! A huge, heartfelt thank you to the amazing @Ripple team, our great partners and an incredibly supportive $XRP community.”

The gains come as Ripple has made steps to establish itself as a coherent currency used by institutions. Established in 2012 and designed for interbank payments and settlements, Ripple has articulated a vision to ease the intense volatility experienced by other cryptocurrencies by establishing the structured sale and use of its currency.
The company has more than 100 banks signed on to its platform, RippleNet, and was recently accepted for testing by a consortium of Japanese banks. Global banksincluding Bank of America, RBC and UBS are also customers.
The company initially created 99bn XRP, and has released around 38bn. In May, Garlinghouse announced the company would place 55bn of its XRP into escrow and will unleash up to 1bn into the market each month.
Garlinghouse, formerly a senior executive at Yahoo and AOL, and CEO of the file transfer site Hightail (formerly YouSendIt), told the Wall Street Journal that the recent gains are a reflection of confidence in the coin’s development.
“We have real customers, really in production using this,” Garlinghouse, 46, said, “not science experiments. Science experiments are not a business model.”

https://www.theguardian.com/technology/2017/dec/31/ripple-cryptocurrency-bitcoin-value
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