XRP price forecast: Is Ripple about to end?

During the course of the day, the Ripple Coin fell again and was down almost 0.25%. The current Ripple price is €0.4629 per XRP. In the last 7 days there was a loss of over 6.60% and the monthly chart shows the XRP price with another loss of 0.84%.

Only the comparison of today’s XRP price with the first price per Ripple token at CoinMarketCap makes investors’ hearts prick up: Ripple has gained over 8,180% since the first trading. But now these values ​​are no longer enough to convince investors to buy and invest in the badly hit Ripple project.

These are the 5 best Ripple alternatives

The XRP forecast after the lawsuit – How bad is it for Ripple?

For a long time, Ripple investors have hoped for an early end to the dispute with the US Securities and Exchange Commission (SEC). But they were disappointed and initially had to hold out for over 2 years. During this time, many investors sold their XRP tokens. Understandable, because the outcome of the dispute over the question of whether XRP was a security or not was more than unclear.

A few weeks ago, a US court confirmed that the XRP tokens sold to private investors should not be classified as securities according to US standards. The entire crypto industry breathed a sigh of relief; there was a massive price explosion from which investors who had kept the Ripple Coin in their portfolio were able to benefit.

But the SEC did not want to be satisfied with this ruling and ultimately appealed the ruling. Not much has happened since then. Except that the XRP price fell significantly again and the hope of an early end to the SEC dispute is gone. It is currently unclear when or how things will continue and investors are increasingly looking for Ripple alternatives. The table above shows the best 5 Ripple alternatives in an overview.

Can Ripple rise again?

Ripple has been on the market since 2012 and, before the legal dispute in the USA, was one of the three most successful cryptocurrencies by market capitalization. After Bitcoin and Ethereum, Ripple was in third place and is primarily aimed at institutional investors from the financial sector. Ripple wants to replace SWIFT transactions in cross-border payments with a blockchain-based payment infrastructure to make the flow of money between banks and institutions more efficient.

But while Ripple’s market capitalization is now only around $26 billion, numerous new developments have been published that have also directly influenced Ripple’s plans. Not only that the SWIFT system has been digitally optimized and expanded. There are also other companies that have dedicated their projects to this task.

At one point or another you can read in the media that Ripple is involved in the further development of the previous payment system SWIFT. Unfortunately, it remains unclear what influence the Ripple developers still have in this sector and whether they will be involved in future milestones. It is therefore unclear whether Ripple can rise again, even if the coin basically has the potential to do so.

Ripple’s market capitalization was around $68 billion before the SEC dispute and was even over $108 billion at its peak. After all, Ripple remains in fifth place by market value, according to CoinMarketCap.

What Ripple alternatives are there?

From our perspective, there are currently only five real Ripple alternatives. Let’s start with Bitcoin Minetrix, a new type of mining coin that allows beginners to participate in Bitcoin mining without purchasing any hardware. The best Ripple alternative is particularly innovative and, in addition to participating in Bitcoin mining, offers locking of tokens in the smart contract, which brings in staking rewards.

XRP20 is another Ripple alternative. The coin has already completed pre-sales and uses the Ethereum blockchain instead of the Ripple blockchain. Thanks to the proof-of-stake, staking of the purchased tokens is also possible with this Ripple successor. Investors can participate in the further development by buying the token on well-known trading platforms.

TG.Casino is dedicated to online gambling, a rapidly booming industry. Integrated into the world’s first Telegram casino, investors can play completely anonymously. The user interface of the Telegram messenger service is ideal for real-time interactions between online casinos and players. Investors who purchase the token in pre-sales will gain access to the world’s first Telegram casino of its kind and receive personalized offers and crypto rewards via the Telegram bot.

If you already know a little about crypto trading, you may be interested in yPredict, another Ripple alternative. yPredict’s platform uses artificial intelligence to create reliable crypto predictions. These can be investors who have the native Utility token $YPRED shortly before the token launch Buy, either create it yourself or buy ready-made AI forecast models on the integrated marketplace.

Meme-Kombat is a Ripple alternative that goes into the realm of meme coins. The platform allows you to place bets on the outcome of interactive battles of the most popular meme characters. In the Meme Kombat Arena, numerous memes and their leading characters are ready to compete against each other in great battles. The native utility token $MK is available in pre-sales.

Conclusion: Thanks to the new Ripple alternatives, investors are currently not having a difficult time diversifying their portfolio. This makes sense if you either want to hold XRP tokens in your portfolio or completely exchange your Ripple holdings. There has been no new momentum in the years-long legal dispute with the SEC following the appeal by the US authority. The outcome is unclear, which has led many investors to choose one of the best Ripple alternatives. We have briefly presented some of them here.

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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and centralized financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/