Ripple fell all the way down from a great price point of $4.5. Experts have divided opinions whether the price will get back on its feet or would it be impossible for it to come back.
Those who think that ripple will jump right back believe that not only will it come back but also it will reach new highs as well. This is why ripple is considered to still be a great investment opportunity. There is a lot of room for improvement though. Ripple is growing its user base constantly and consistently and it’s not only gaining new single users but also is growing its bank user base around the world. Financial institutions around the world are very keen on the Ripple protocol in order to transfer money across the world. Ripple is still however pretty undervalued.
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If it continues to grow and add new users to its base, ripple will likely increase in market cap and value as well.
This is why some experts believe that Ripple can end the year around the $5 mark and it is considered to be 10 times increase from where it is today. Ripple is considered to be the investment option for this year in particular.
As far as price predictions are concerned, if Ripple stays true to its promises on scalability, low transaction costs and speed we can sure expect the price to rise. However, it is very unlikely that a very extreme, sudden jump in price will be healthy for this cryptocurrency but keeping a steady course and slowly development will bring the desired results.
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