Dash Price Prediction 2020: Can Dash Surpass Bitcoin, Ethereum Valuation?

Dash has beaten Litecoin to become the sixth most valuable cryptocurrency in the world, after Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), and IOTA (MIOTA) in that order. That leaves us wondering if Dash is set to dethrone another cryptocurrency and move higher on the …

dash price predictonDash Price Prediction 2020: Where Is Dash Heading Next?

Dash has beaten Litecoin to become the sixth most valuable cryptocurrency in the world, after Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), and IOTA (MIOTA) in that order. That leaves us wondering if Dash is set to dethrone another cryptocurrency and move higher on the leaderboard. To find an answer to that, read on for what makes Dash to special, followed by my Dash price prediction 2020.

In the southern African country of Zimbabwe, political tensions recently peaked after a military coup ended President Robert Mugabe’s 37-year-long rule. The country, which is marred by high poverty and unemployment rates, is facing a serious economic crisis. The biggest economic challenge the new government faces is finding a monetary unit.

Wait, why am I discussing global politics here? I’ll tell you why.

In case you’ve been living under a rock, Zimbabwe is one of the few countries in the world that doesn’t have a currency of its own. Zimbabwe ditched its own currency back in 2009 after hyperinflation in the country turned it worthless. It took up the U.S. dollar as its official currency, but even that is now in short supply.

Meanwhile, political tensions in the country are now forcing Zimbabweans to look for safe-haven investments. Believe it or not, cryptocurrencies are turning out to be the prime options.

The world’s most famous cryptocurrency, Bitcoin, is leading the way as Zimbabweans pay high premiums to secure these crypto coins. On Zimbabwe’s most popular cryptocurrency exchange, Golix, one bitcoin is now selling for nearly double its U.S. dollar price.

All of these developments hint on one thing. The current economic conditions in Zimbabwe are becoming perfectly conducive to an alternative currency taking over as the country’s basic monetary unit.

Enter Dash.

Dash has just launched a pilot program in Zimbabwe to promote itself as an alternative store of value and medium of exchange (in other words, money).

In a partnership with KuvaCash, the program is being touted as an initiative undertaken to “fight inflation in Zimbabwe with cryptocurrency.” (Source: “Dash Forms Partnership With KuvaCash to Fight Inflation in Zimbabwe with Cryptocurrency,” CrowdFund Insider, November 21, 2017.)

This brings us full circle to where we started. Dash prices have skyrocketed after the news, giving it a lead over other popular altcoins like NEO and Monero.

In fact, this whole year has been remarkable for Dash. The Dash to USD price, which ended the prior year at roughly $11.00, recently touched its all-time high of around $650.00.

Believe it or not, but Dash’s year-to-date performance beats Bitcoin’s by a significant margin. Take a peek at the Dash price chart below.

Say, you had invested a meager $1,000 in Dash at the beginning of this year. You would have turned it into $50,000 by now!

dash price chart

Chart courtesy of TradingView.com

The quadruple-digit gains in Dash coin prices are certainly tempting for new cryptocurrency investors.

But how exactly did Dash make this possible? Well, you have to give it up to the team of developers behind it.

Dash is hailed for its unique marketing. The team behind Dash has actively promoted this cryptocurrency as a faster, cheaper, and more efficient alternative to Bitcoin.

So although the average cryptocurrency investor doesn’t see much difference in Dash and other altcoins, he/she feels tempted to put his/her money on Dash.

Just in case you don’t have the slightest idea what I’ve been talking about so far, here’s an express crash course on Dash cryptocurrency—without all the crypto-jargon, I promise. Stay tuned for my Dash price prediction 2020, which follows right afterwards.

What Is Dash?

Dash is a peer-to-peer cryptocurrency that allows users to conduct financial transactions directly without the interference of a central authority.

Dash users can buy and sell Dash on a cryptocurrency exchange, use it to send what is dashand receive payments for products and services, or mine it for a reward. (More on mining shortly.)

If you have been following this coin for longer than two years, you may still remember it for its old name. Dash was known as “Darkcoin” up until 2015 when its founders decided to shed that shady name.

The rebranding, followed by Dash’s ingenious marketing, has lent it a huge following in the cryptocurrency world. Some crypto bulls now view it as an alternative to the more popular Bitcoin and Ethereum.

But is it really worth it?

To answer that, a quick comparison of the three is imperative before we turn to Dash price forecast 2020.

Dash vs. Ethereum vs. Bitcoin

Although all of these cryptocurrencies are built on blockchain technology, the three are fairly different.

I find Dash to be closer to Bitcoin in spirit, than to Ethereum. Unlike Ethereum, dash vs eth vs btcwhich promotes itself as a platform for cryptocurrency-based customized “smart contracts,” Dash only bills itself as a basic alternative currency to fiat currency.

Thus, Ethereum offers better incentives to businesses and financial institutions to move to its platform. Not only that, but it also boasts better rewards for miners. Ethereum rewards miners on the basis of “proof of stake.” So whoever has a bigger stake in the game (that is, a higher number of coins) gets a higher reward. This creates a community of trusted and dedicated Ethereum users.

On the contrary, like Bitcoin, Dash miners are rewarded for their “proof of work,” which means the more computing power they have and the more complex problems they solve, the higher their reward. In other words, Dash mining may disproportionately favor new miners over old miners. That’s because any new miner with a superior hardware and the ability to bear higher power costs can beat older miners at winning better rewards. This can leave dedicated miners disgruntled.

In case you don’t know what mining is, it is the process of solving the mathematical problems that underlie the blockchain code over which these cryptocurrencies are built. The owners of these cryptocurrencies are incentivized to solve these mathematical puzzles and earn rewards, in turn, providing power to the system.

But not everybody is a computer geek, so it’s okay if you don’t know how to mine these coins. You can just stick with investing and using them.

As for Dash and Bitcoin, I would place Dash above Bitcoin merely because it can process more transactions at a faster rate than Bitcoin.

So cutting to the chase; if I were to put them in order of their incentives and serviceability, here’s what the order would look like:

Ethereum > Dash > Bitcoin

Dash Price Prediction 2020: More Upside Possible?

Dash has had a neat run in 2017 and has now reached giddying heights. Yet, I would say that there are chances that its upward strides would continue through this year and the next.

But before we hit 2020, I’m foreseeing the Dash price heading for a correction. Yes, a correction. Dash coin has already entered “overpriced” territory, so a correction looks likely. I would suggest new Dash investors consider all options before they take the big leap.

Although there are some positive tailwinds working in its favor, like the Zimbabwe bet, Dash investing still misses one critical aspect. There is no strong distinguishing factor that sets Dash apart from most other cryptocurrencies.

While it’s true that its marketing team may pull off another big rally in prices in 2018, it’s only a matter of time before investors come asking for more.

Analyst Take:

To answer the question of whether Dash can ever surpass Bitcoin and Ethereum in market valuation, I can say with full conviction that I highly doubt that’s possible—unless Dash can offer a distinguishing utility to its users or something that can warrant its mass adoption.

Until then, Bitcoin will likely enjoy the top spot for having the first-mover advantage. That said, Ethereum will give it a tough time holding that spot. Dash may eventually manage to surpass Ripple’s market cap, but hitting the top two spots seems unlikely right now.

All in all, my Dash price prediction for 2020 is conservatively bullish.

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The Next Ripple – Connectjob.io brings the “Uber” Gig Economy to the Blockchain

It is not often that one gets a chance to ride a bolt of lightning like the stunning rise of Ripple from obscurity to $10 billion market cap. For holders of Ripple from release that rise is now just over 50x the original investment. To put another way, $500 invested in Ripple (XRP) at launch is now worth $25000.

It is not often that one gets a chance to ride a bolt of lightning like the stunning rise of Ripple from obscurity to $10 billion market cap. For holders of Ripple from release that rise is now just over 50x the original investment. To put another way, $500 invested in Ripple (XRP) at launch is now worth $25000. We should all be so lucky.

The gig economy is a phrase thrown around and reference the temp job market or as Uber has coined – the side hustle. We now have commercials about side hustles or ways to make money outside of our “real job” like driving for Uber or Lyft. While year end numbers are not yet released, Uber is expected to have near 3 million side-hustle drivers world-wide by years end.

It is not often we hear about the next Amazon or the next Microsoft. The next Bitcoin (BTC), Litecoin (LTC) or the next Ripple (XRP) but Connectjob.io offers a chance to say just that. Connectjob.io is looking to use Ethereum blockchain technology to do for the gig economy what Uber has done taxi economy. It has already launched a smooth looking app on the Applestore and Playstore which anyone can view. It has been tested in Europe for three months successfully (per the company, details not available). And in just 3 days after launch of the Initial Coin Offering it has raised nearly $1 million to propel the launch.

What is Connectjob.io?

Imagine you are looking to raise some extra money without committing to a full second job. What if there was a geolocating app that would let you set up a profile including skills and jobs you were qualified to perform? By setting up an account it would take you to a map with local jobs looking for “jobbers”. You could view the jobs and specific terms and pay for each job and choose which jobs you were interested in performing. The poster could then hire you to complete the job and when completed you were paid automatically to a digital wallet per the terms of the contract. No muss, no fuss, no HR department. No Bill Lumbergh telling you to work the weekend.

Or maybe you need a babysitter, the car washed, or maybe someone to mow the lawn. You want to pay a certain amount and don’t want to chance finding a babysitter from Craigslist. Connectjob.io allows you to post the job for jobbers to apply to. You can read reviews from previous jobs and agree to a contract all in the app. When the job is complete, funds are released automatically so no worries about having cash on hand.

The App

For the apple fans, sorry, I use Android so I cannot say what the Apple version looks like but I assume it is very similar.

App still in Demo mode

Lots of new blockchain companies launch ICOs everyday without a glimpse of the actual product. Connectjob.io has a real app already on the App store and Playstore which we got a chance to play with for this article. The links above are to the actual app so you can check it out and contain no affiliate links and we get no compensation if you download the free app. Downloading the app first presents this screen to the right. The app is for demo purposes and is not functioning in most markets. Please don’t hire Tim who seems to be in all the job listings.

From the app you can see the menu but the coolest feature is the map which looks great and even has a day or night feature which dims the map based on time of day. It works by geo locating the user via phone location or allowing search by city, landmark, or other feature to center the map.

Once centered on the desired location the available jobs populate and you can select each job to get further details. There are jobs populating in the demo app but the jobs are not real and cannot be booked. Some of the sample jobs listed are babysitting, car wash, gardening, and personal trainer.

A Search for Times Square

The Initial Coin Offering ICO for Connectjob.io

You did not come here though to download and play with an app although it is a very nice app for just launched. The Initial Coin Offering is the earliest one can participate in raising funds to help a company launch a product in the new blockchain business economy. Connectjob.io uses a coin called CJT or Connect Job Token. Launched December 1, 2017 Connectjob.io ICO has already raised over $900,000 in 3 days. They have a real time tracker at the ICO link with details if you are interested in investing. In full interest of disclosure, we get zero money from any investment in Connectjob.io and are not part of any bounty program. All details for the ICO are available at the ICO link with information on discounts for the earliest investors.

The Launch

Found this Apple version screen shot online.

With the app already in demo mode the developers are already looking forward to the launch of the real app to major markets. London, Paris, New York, Moscow, Hong Kong, Seoul, Tokyo, Madrid, and Rio de Janeiro are the set first launch cities and together make up markets over 100 million people. Paris, London and New York are palnned for 2018 and should give a clear indication of how successful Connectjob.io could be going forward. They have lofty goals to have 20 million monthly users in the next 5 years which they lay out in the whitepaper.

The website has all the typical links to the App, the whitepaper, roadmap and the ICO. Missing from the website though is the new thread on bitcointalk which has not had much interest yet. As the coin just launched we expect it to get busier in the coming says. We an unsure if that is the official thread or not as it leads with a sponsored article which we are not affiliated with.

Conclusion

The next Amazon, microsoft, Ripple (XRP) or Litecoin (LTC) is hard to predict. IOTA is up over 40% in just the last day, 400% in the last month and now sits at #5 on coin market cap at $6 billion. Like Ripple, IOTA is working to revolutionize legacy systems with the blockchain to improve supply chain management, capital management, customer service, and increased productivity. Uber is private and hard to value but it is rumored to be worth $51 billion and only focuses on the Taxi market. Imagine the value of a company that focuses on ever other “side-hustle” type job. In that sense Connectjob.io could be the next Ripple (XRP), Uber, Litecoin (LTC), or Microsoft. Check out the ICO, the App (apple or android) and most important do your own research.

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5 Bitcoin Rivals That Are Rapidly on the Rise

Cryptocurrencies provide a digital alternative to government-issued fiat currencies and can be used in online marketplaces to buy everything from a cupcakes to plane tickets to cyber pets. While bitcoin remains both inconveniently slow (transactions can take upwards of 10 minutes) and risky (buyers …

Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory.

Today’s prevailing digital currency was worth just $12 in 2013, and has at times been dismissed as an internet fad favored by nefarious wheelers and dealers trying to circumvent taxes or the law.

Like it, love it, or confused by it, bitcoin and other cryptocurrencies have become impossible to ignore. Chicago’s two main exchanges, the Chicago Mercantile Exchange and the Chicago Board Options Exchange have announced plans to launch bitcoin futures contracts, and the U.S. Commodity Futures Trading Commission has already given them the green light. Nasdaq may be jumping into the bitcoin futures race as early as second quarter next year, Bloomberg reports. Bitcoin advocates are hoping the exchanges can help stabilize the highly volatile currency.

Cryptocurrencies provide a digital alternative to government-issued fiat currencies and can be used in online marketplaces to buy everything from a cupcakes to plane tickets to cyber pets. While bitcoin remains both inconveniently slow (transactions can take upwards of 10 minutes) and risky (buyers cannot set a price until the day of the transaction, leading to wide fluctuations), some say it’s already safer than certain foreign currencies, such as Venezuela’s bolívar.

That’s because Bitcoin is protected from fraud and counterfeit by technology called blockchain — an encrypted ledger system that records transactions accepted by consensus of asset managers. The Atlantic‘s Derek Thompson summarized bitcoin as a “frankly terrible currency built on top of a potential transformative technology,” one that could have the power to change our conventional understanding of money.

Others are more concerned by possible financial risks than potential benefits. Investing pioneer and Vanguard Group Inc. founder Jack Bogle reportedly advised avoiding bitcoin and “like the plague,” joining other investors in similar criticism. “There is nothing to support Bitcoin except the hope that you will sell it to someone for more than you paid for it,” Bogle said, according to Bloomberg.

For more on bitcoin, watch Fortune’s video:

Despite the growing number of detractors warning of a bubble, bitcoin mania shows no sign of abating and its competitors are also gaining traction, all rushing to become the main purveyor of a future cashless world. Here’s the low-down on five of the most popular bitcoin rivals, all of which had a market value of over $5 billion Monday according to coinmarketcap.com.

Ethereum (ETH)

Like bitcoin, ether “tokens” are underwritten by a blockchain network, in this case called Ethereum. Pioneered by a former Bitcoin Monthly writer, Ethereum was launched in 2014 with an aim to pursue further decentralization. It differs from bitcoin primarily in application: Ethereum is an open, decentralized software platform where ether is used to pay for transaction fees and services. As of Monday, it was trading at a rate of more than $472 with a market cap of about $45.5 billion.

Ripple (XRP)

Launched in California by former bitcoin developers in 2012, Ripple is considered by some industry experts to be bitcoin’s logical successor, according to the New York Times. It’s already catching on among banks as a worldwide payment and remittance system. Unlike bitcoin, Ripple is not just a currency but a system through which any currency can be transferred or traded. The Times advised to think of it as a Western Union without the heavy fees. As of Monday, Ripple was trading at a rate of more than $0.25 with a market cap of around $9.82 billion.

IOTA (MIOTA)

IOTA, with the tagline “Next Generation Blockchain,” is one of the newest contenders in the increasingly crowded cryptocurrency field. Unlike its rivals, IOTA is not reliant on an underlying blockchain network, but uses an alternative, distributive ledger system called Tangle. Partnered with Microsoft, Fujitsu and several other companies, IOTA considers itself the first marketplace powered by the Internet of Things. As of Monday, it was trading at a rate of $2.43 with a market cap of around $6.75 billion.

Dash (DASH)

Dash ran through a ringer of names before settling its current epithet. There was XCoin (XCO), the original, in January 2014. Then there was the dubious-sounding Darkcoin. Then finally, there was “Digital Cash” and its portmanteau Dash. Dash differs from its competitors with a focus on privacy and anonymizing transactions, and by operating on a two-tired system: coin “miners” are are overseen by “masternodes,” a decentralized, volunteer network that signs the transactions. As of Monday, it was trading at a rate of $777 with a market cap of around $6 billion.

Litecoin (LTC)

The brainchild of a former Google employee, Litecoin has been called the silver to bitcoin’s gold, that is, a slightly cheaper, more readily available option. Litecoin was launched in 2011, as a faster alternative to bitcoin, processing a bloc every 2.5 minutes as opposed to every 10, according to Ars Technica. Instead of focusing on hefty transactions, Litecoin targets merchants who need a large volume of small transactions to be processed relatively quickly. As of Monday, it was trading at a rate of $101 with a market cap of around $5.47 billion.

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Ripple (XRP) – Why BTC Might Want To Start Getting a Little Terrified

In July, however, a Change.org petition was started to have Ripple XRP also listed on Coinbase. What is more, this petition has already received over …

Our recent article ‘Could Ripple XRP Be About to Hit Mainstream Retailers,’ was received with some controversy. In that article, however, we simply looked objectively at how over 2017, Ripple (XRP) executives have been positioned in a way which is suggestive of a future attempt to dominate various world retail payment markets.

Fast forwarding just 24-hours and it looks like this might already be happening.

After initially partnering with Singapore bank Standard Chartered and UEA Rakbank on November 22nd, Axis bank in India has begun rolling out Ripple based instant retail payment channels. What should perhaps be of more concern to Bitcoin, however, is the fact that Ripple (XRP) isn’t satisfied with just monopolizing the Indian retail market. To top that, Ripple XRP now also wants a slice of cryptocurrency exchange Coinbase.

Will a Change.org Petition Soon See Ripple be Given the Spotlight on Coinbase?

At present, people looking to buy Ripple XRP can only do so by either buying Bitcoin and exchanging this via Changelly, or by using internationally scattered exchanges such as Kraken, Gatehub, and Bitstamp. In July, however, a Change.org petition was started to have Ripple XRP also listed on Coinbase. What is more, this petition has already received over $10,000 signatures, at least 6,000 of which just came out in support of the petition after it was featured on Ripple’s own Twitter feed.

The Difference Between a Bitcoin Breakout and a Ripple Breakout will be that the Latter is Planned to Precision

As it stands, it is starting to look like Ripple has something very big planned for 2018. Much more importantly, what people need to understand is that a Ripple break out won’t look anything like a Bitcoin break out.

At present, Ripple is sat in the corner of the cryptocurrency classroom like the odd one out who everyone suspects will turn out a bit odd when he grows up. What people don’t realize, though, is that while the limelight of popularity is falling at the center of the stage on Bitcoin, Ripple XRP is planning.

On November 1st, 2017, while all eyes were glued to a $5,000 Bitcoin, Ripple was hosting a Fintech cross-border payments conference at the Carnegie Hall in New York, attendees of which included IMF representatives. Much more importantly, while Bitcoin has spent 2017 arguing about segwit 2x and forking three different ways, Ripple has simply sat quietly and became the first ever digital currency to become compliant with most worldwide monetary standards and regulations.

In short, when Ripple breaks out, it could very well tear Bitcoin to shreds in a matter of hours. In fact, it could well be like putting a shark in a Koi pond.

Why Bitcoin & Altcoins Like Litecoin Need to Start Competing More Against Ripple

At present, Litecoin is the only digital currency on the cryptocurrency market which seems to be striving toward anything like a real-world vision of mass market adoption. This is because at being able to process 56 transactions per second, Litecoin is the only top market cap (and decentralized) digital currency which can compete with anything like Ripple XRP and its 15,000 transactions per second.

Of course, many digital currency enthusiasts still refuse to acknowledge the growing threat and potential of Ripple, simply out of principle. While, however, Bitcoin and others might have pioneered the future, it is important to remember that if Bitcoin really wants to continue to play a part in the future as it envisions it, it will need to start innovating at some point.

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5 Reasons Why Ripple (XRP) Should be Added to Coinbase

Ripple (XRP)–Coinbase, a web and app-based marketplace for buying and selling cryptocurrency, is one of the largest companies in the financial …
Coinbase add Ripple XRP

Ripple (XRP)–Coinbase, a web and app-based marketplace for buying and selling cryptocurrency, is one of the largest companies in the financial world. As of Sunday, the company reported having a user base of 13.3 million, up 300,000 new registrations from the previous week alone. To give those numbers perspective, the world’s second largest stock brokerage, Charles Schwab, boasts a customer base of only 10.6 million. Despite commanding a fraction of the capital of larger brokerages, Coinbase has managed to build a following that looks to challenge Fidelity for the world’s top investment platform. However, at present, Coinbase offers only three options for buying and selling cryptocurrency: Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).

Ripple (XRP) provides significant advantages as the next coin to be added to their marketplace.

It’s Not a Derivative of Bitcoin

Coinbase has been hesitant in the past of adding the hard-forked offspring of Bitcoin to their exchange. While it’s true the company was planning to add Segwit2x (under the label of Bitcoin2x) prior to the failed adoption, they have neglected to add Bitcoin Cash or Gold. Instead, they have recognized the value of simplicity. Coinbase is by far the most user-friendly exchange for newcomers to the crypto market and those who want a simple method for buying Bitcoin. The introduction of hard-forked coins is not only confusing for the user base, but injects uncertainty into their market. Ripple is neither a derivative of Bitcoin or a direct competitor, but offers something different altogether. Combining the same principles of decentralization and blockchain security, Ripple exists as a solution for fast and cheap transfers of money across borders and currencies. The technology is targeting banks as its primary customer, but average investors can benefit from buying and trading the XRP coin.

High Volume = More Fees

Ripple is the fourth largest cryptocurrency in terms of total market cap value and consistently in the top ten for total trade volume. This alone presents a positive financial incentive for Coinbase, which charges a hefty 2-4% transaction fee (depending upon Credit Card or ACH deposit). While the trade volume is still a far cry from the near $10 billion-per-day volume of Bitcoin, the profits from newly added Ripple transactions would be worth the cost of adding another currency. At this point, it seems Coinbase’s greatest fear is losing their newcomer-friendly appeal. Each coin added to the exchange has the effect of watering down the simplicity of their interface. Imagine explaining to your grandparents the difference between Bitcoin, Litecoin, Ripple, Dash, etc. and you start to get the point. But Ripple has intrinsic value and appeal as a technology that makes it unlikely to go anywhere in the near future. Couple that with a low price, and you have a coin that seems increasingly appealing on any exchange, let alone one geared to beginners.

Lower Price-Per-Coin Provides a Psychological Alternative

As stated above, Ripple’s current price of $0.25 per coin is an attractive proposition for investors in cryptocurrency. Regardless of the gains that Bitcoin has been making, a sub-$1 coin is a psychologically appealing price-point for newcomers, and a reprieve for veteran investors who have already poured thousands into Bitcoin. For $150, a customer can deposit 600 XRP coins into their wallet. Compare that to Bitcoin, which would produce 0.015 BTC. Now we all understand the power of fractionation in Bitcoin and that 0.015 BTC could just as easily be called 1.5 million satoshis. But think about the average investor. Think about the general public coming to the cryptomarket, or a person with a hundred bucks from their paycheck to invest. How satisfying is 0.015 coins going to feel? If BTC goes to 50,000 USD next year, they will be ecstatic for the gains. But the psychological hurdle of getting people to buy into Bitcoin and hold for the long term is going to be an increasingly large problem as the price increases. Ripple offers a low cost alternative with significant upside. It would be in the interest of Coinbase to start offering customers high-supply, low-price cryptocurrencies that allow for significant coin ownership.

Ripple Is Entrenched in the Banking Institution

Coinbase has done a commendable job in improving the visibility of cryptocurrency. They have created a system for the average person to start buying and transferring coins with nothing more than a phone app and a credit card. Their endgame appears to be recognition as a legitimate financial institution in the world of cryptocurrency. While this contradicts the decentralized ethos that started Bitcoin, the ultimate goal of Coinbase has value in the cryptomarketplace: to establish a safe and secure platform for people to store their coins and make transactions. Yes, every investor in crypto should be aware of the dangers of holding coins on an exchange. And yes, one of the greatest achievements of cryptocurrency is the ability to hold a private key and wallet. But think of the average investor. For crypto to reach mass appeal, particularly in the short-term, we need exchanges like Coinbase. We need a place where people can start buying and holding coins without having to be proficient in blockchain. We need a method of simplifying the long wallet addresses and dangers of losing money in errant transactions. Coinbase provides simplicity, which is the most valuable commodity a nascent technology like cryptocurrency can have at this point in its development. People will figure out the usability in the long-term if crypto becomes the future of money. For now, having Coinbase function similar to a bank is not all that bad.

Adding Ripple, a coin designed to improve the world of bank to bank transfers, would further legitimize the Coinbase project and add to their image for investors looking for centralization, or at least simplicity, in the marketplace. With a user-base topping all but one brokerage firm, Coinbase doesn’t need approval from the banking conglomerate to legitimize its stake. But it does send a positive message to people looking for substance to back their investment. Its absurd in 2017 to see the mainstream media publishing articles about cryptocurrency and its connection to illegal activities. However, there is still a significant number of Americans, with large sums of money waiting to pour into crypto, that have trouble thinking past Silk Road news stories when they hear the word “Bitcoin”. Ripple is not going to make that moniker go away overnight, but it’s a step in the right direction for helping the image of crytpocurrency and it’s legitimization as a financial tool.

Ripple Isn’t Going Anywhere

Two weeks ago American Express announced it would begin using the Ripple technology to conduct U.S.-U.K. money transfers. Two months ago, Cuallix made waves as the first international financial institution to use XRP for liquidity in cross-border transactions. Just this past week, Michael Arrington became head of the first hedge fund to operate completely in XRP. These announcements are just the beginning. Ripple is gaining popularity with both independent investors and large banking institutions as the future of money and money exchange. With the support of legitimate billion-dollar banks and multimillion-dollar hedge funds, Ripple is building a base of support that assures its future in the cryptocurrency marketplace.

Coinbase has the rare opportunity to get in on the ground floor before Ripple takes off in 2018 and beyond.

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