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      "body": "![ripple-predictions.jpg](https://steemitimages.com/DQmZKDejiuhh7Sd1L2Zzpr4yz65WxsaAoLCD3fopVgeA9kZ/ripple-predictions.jpg)\n\nIt has been a roller coaster 24 hours for Ripple. \n\nFollowing a meteoric rally, prices crashed 30% from the previous day \nand more than 40% from all-time highs, shaving tens of billions\noff XRP’s market cap.\n\nXRP/USD Price Levels\n\nAt its lowest point Monday, Ripple’s XRP token hit $1.92 a unit, \naccording to Barchart.com. \n\nOver the next 12 hours, the cryptocurrency would rebound to \n$2.41 for a daily loss of roughly 10%.\n\nEven with Monday’s reversal, Ripple has added 15% over the last five days.\n\n\nThe coin’s sharp drop combined with Ethereum’s recent gains pushed XRP \nback down to the no. 3 spot in terms of market cap. \n\nAt current price levels, Ripple is capitalized at $95.5 billion, \naccording to CoinMarketCap.\n\nNearly $3.4 billion worth of XRP tokens changed hands on Monday, \nwith South Korean exchanges driving more than 40% of trade volume. \n\nBithumb processed more than 30% of Ripple transactions via the XRP-won currency pair. \n\nThe same cross on Coinone accounted for more than 7% of all transactions.\n\nPrice Trajectory Remains Firm\nIt took Ripple until December to become one of the world’s most talked \nabout cryptocurrencies. \n\nOver the next month, it would cement itself as 2017’s best performing digital asset, \nbeating out the likes of bitcoin, Ethereum and Litecoin. \n\nLast week, prices peakedat $3.84 during one of the \nbiggest-ever rallies for altcoins.\n\nEven with its latest correction, Ripple could very well become \nthe world’s biggest cryptocurrency. \n\nAt current price levels, XRP would only need to get to $7 for \nits market capitalization to exceed bitcoin’s. \n\nThis assume’s the token’s current circulating supply of roughly 38.739 billion. \n\nMeanwhile, bitcoin’s dominance has fallen to record lows, \nwith roughly one-third of the $750 billion crypto market cap \nallocated to the original blockchain.\n\nUnlike bitcoin and privacy-focused altcoins, \nRipple works within the financial system, \nwhich may give it more room to grow. \n\nThe Ripple company, which owns the majority of XRP tokens, \nhas announced several high-profile partnerships with financial \ninstitutions aimed at solving liquidity challenges \nand boosting cross-border flows.\n\nThe latest drop in value accompanied a broader correction in the market \nafter several altcoins raced to new all-time highs. \n\nSome analysts have described the slide as inevitable given \nXRP’s explosive growth in the first week of 2018.\n\nThe correction may have also benefited South Korean traders, \nwho routinely pay a 50% or higher premium on XRP tokens. \n\nAt last check, the cryptocurrency was priced at a 53% premium on Bithumb.\n\nHope you enjoyed reading..\n\nThanks And Regards",
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      "body": "Over the past 12 months, year-to-date, bitcoin has fallen behind Ripple, \nLitecoin, and Ethereum in terms of price growth.\n\n\nBitcoin’s Year-to-Date Return\nBitcoin still has recorded a massive price increase of 14-fold, \nfrom $1,000 to $14,000. \n\nBut, other cryptocurrencies in the market such as Ripple have \nrecorded a staggering 163.5-fold increase in value. \n\nMerely a $1,000 dollar investment in Ripple in the beginning of 2017 \nwould have led to a profit of $162,500, while an investment in bitcoin \nwould have led to $14,000.\n\nThe top three cryptocurrencies in the market bitcoin, Ethereum, and Bitcoin Cash \nhave less potential to increase by large margins in comparison to cryptocurrencies \nwith market valuations of less than $10 billion. \n\nUnless the entire cryptocurrency market surges exponentially and the valuation \nof the market grows to many trillions of dollars by the end of 2018, in the short-term, \nit is unlikely that leading cryptocurrencies including bitcoin, Ethereum, and Bitcoin Cash \nwill record an astronomical surge in value, by more than 100-fold.\n\nBillionaire hedge fund investor Mike Novogratz, Fundstrat’s Tom Lee, and highly respected \nfinancial analyst Max Keiser have established an interim price target of bitcoin at around $50,000, \nwhich would place the market valuation of bitcoin at $1 billion. \n\nSolely in terms of price growth, a $50,000 target would be a 3.5-fold increase in \nvalue over a 12-month period.\n\nConsequently, many investors in the market have started to diversify their investments \ninto other cryptocurrencies, and the trend has been evident in the decline of the \ndominance index of bitcoin. \n\nThree cryptocurrencies at the top of the market are considered as reserve assets or \nsafe haven assets. \n\nThey have low risk but low returns. \n\nThat is, a low return relative to other cryptocurrencies in the market. \n\nBitcoin, Bitcoin Cash, and Ethereum have drastically outperformed all of the \ncurrencies and assets in the traditional finance sector year-to-date.\n\n\nInvestors like CNBC analyst Brian Kelly and cryptocurrency-focused hedge funds \nspread out their funds across many cryptocurrencies with strong technologies, \nactive developer communities, solid markets, and applicability.\n\nJohn McAfee for instance, has emphasized the necessity of private or anonymous \ncryptocurrencies like Dash, Monero, and Zcash, as in the future, more investors \nwill seek out for cryptocurrencies that are capable of providing \na high level of confidentiality.\n\nCombination of Low-Risk and High-Risk Cryptocurrencies\nA healthy portfolio of cryptocurrencies would be a certain amount of funds spread \nacross both strong low-risk cryptocurrencies like bitcoin, Ethereum, and Bitcoin Cash, \nand high-risk cryptocurrencies with lower market caps like Monero, Zcash, and Dash.\n\nSqueeze, a prominent cryptocurrency trader, noted that price is not an accurate \nrepresentation of the size of a cryptocurrency. \n\nRather, investors should consider the market valuation of a cryptocurrency \nto decide its potential and space to grow.\n\n\n“For new investors in crypto, think in market cap. Not price per coin. Market cap gives an estimate of the potential growth. Price per coin doesn’t mean anything as the supply for each altcoin differs $0.1 per coin doesn’t mean it’s cheap $100 per coin doesn’t mean it’s expensive,” said Squeeze.\n\nAn example of a high market cap but low price cryptocurrency is Ripple. \n\nThe market valuation of Ripple is at nearly $40 billion but its cryptocurrency remains at $1. \n\nMeanwhile, Dash, Litecoin, and Monero have tokens valued at more than $300. \n\nYet, their market valuations are substantially lower than that of Ripple.\n\n\nFor investors and bitcoin holders that have seen significant returns over the past few years, \ndiversifying funds across unique and potent cryptocurrencies could \nlead to better returns in the short-term.\n\nHope you enjoyed reading",
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  "timestamp": "2017-12-21T13:27:15",
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{
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      "delegation": "57000.000000 VESTS",
      "extensions": [],
      "fee": "0.500 STEEM",
      "json_metadata": "",
      "memo_key": "STM5EKDwWVX5TsVrivJr5DJPEw5YvqH2VuuMi8Qcx8zEJm5q9KATU",
      "new_account_name": "andersonbitcoin",
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  "timestamp": "2017-12-21T13:20:57",
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}