Is Ripple a Worth Investment in 2021?

Sep 16 17:18 2021 James Irvin Print This Article

In this article, we have covered an overview of Ripple (XRP) and it will be a good investment in 2021.

In this guide we are going to talk about Ripple - what will Ripple be Worth in 2021,Guest Posting and why you should consider investing in it.

By the end of this guide, you’ll have a greater understanding of Ripple — and you will be able to answer the questions “is Ripple worth buying this year?”, and if so, "what is the best exchange to buy ripple in India?".

What is Ripple (XRP)?

Ripple has stood out as the go-to blockchain platform for cross-border transfers that are fast and affordable, from its inception. For the longest time, XRP was the third-largest cryptocurrency in the market. However, it was overtaken by Tether (USDT) and later lost several positions due to the uncertainty caused by the ongoing lawsuit.

The international transfer token was designed to solve the problem currently being faced by leading fiat transfer systems like SWIFT. Therefore, Ripple roared into existence in 2013 as a worldwide system supporting payments, international settlements, and a trading instrument. The token XRP is native to the blockchain, the XRP Ledger.

It is essential to keep in mind that Ripple distinguishes itself from Bitcoin (BTC) and Ethereum (XRP) as the bridge between the fiat and the digital worlds. Moreover, Ripple believes that it is capable of solving real-world problems. Note that XRP is not a mineable coin like BTC and ETH because all its 100 billion tokens were created at the beginning of the project.

The only impediment is that XRP comes out as a centralized cryptocurrency and not decentralized like its peers, mostly because 55 billion of the total supply is under Ripple Labs' ownership.

Why Should you Invest in Ripple in 2021?

There are all kinds of reasons why you might want to invest in Ripple today — Probably some you've never considered.

Ripple continues to grow in popularity in a gradual manner.

Interestingly, there was a rise in the number of new users joining the network in late 2020, and this has given crypto experts a positive impression of Ripple’s future.

And only in January 2021, the rise of user engagement in the network increased by 240%.

Ripple’s XRP token was never intended to be used as payment; it was only intended to be used to facilitate transactions on Ripple’s exchange. In any case, there are some online merchants that accept payment in XRP tokens. 

The essential use case for XRP is for the movement of different monetary standards (or assets and commodities like gold or oil) over the Ripple network.

Moreover, investing in Ripple in 2021 might be a good move as XRP’s price is low at the 

What Will Ripple be Worth in 2021?

Since the price of Bitcoin peaked at $62,000, some crypto traders prefer to invest smaller figures in cryptos with higher returns, such as Ripple. This could help Ripple increase in value as there is more demand.

The Economy Forecast Agency is optimistic when forecasting Ripple price in 2021, predicting that it could reach as high as $1.69 by October. Digitalcoin, which is known for a more conservative approach when forecasting prices, predicts that Ripple could reach 1.89 as early as March, and then drop to $1.86 by December 2021.

Is XRP a good investment in 2021?

XRP has delighted traders with some sharp gains in 2021 so far. While the token reached its lowest price of $0.20 per coin in January, it managed to rally up to $0.61 in mid-February for a short time.

However, there are many assumptions and speculations taking place when it comes to the investment in XRP during 2021.

Aside from The Economy Forecast Agency’s prediction mentioned above, there is another prediction made by Nigel Green, the CEO of the deVere Group, that Ripple could hit $1 and reach parity with the US dollar.

Though the prediction was actually made in 2018, Green’s reasoning behind his prediction still resonates. He referred to both the attention the XRP token receives and the token’s handiness. If correct, this would make the coin highly attractive to invest in.

Where to buy Ripple (XRP) in India?

Do you want to buy Ripple in India? Are you looking for the best exchange to invest in Ripple? Then, you have landed at the right place. I would suggest "Koinbazar", India's leading cryptocurrency exchange where you can buy ripple with INR instantly at the lowest trading fee. And also they have recently launched the cryptocurrency exchange mobile app for both Android and iOS platforms. With this app, you can buy, sell, and trade your favorite cryptocurrencies instantly. Users who download and sign in to the app will get FREE 10,000 SHIBA INU tokens instantly gets deposited into your koinbazar account.

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About Article Author

James Irvin
James Irvin

I am James Irvin, Working as a technical content writer with having more than 3 years of experience. My interests are blogging, traveling, and photography.

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