The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.
From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.
Why Fans expect an increase in value
Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP
Many people have raised arguments about Ripple’s position. Some believe that digital currency should be number two instead of Ethereum. Others are saying that XRP should be above Bitcoin on the ladder and take over the first position. Also, there are some who argue that the CoinMarketCap are usually wrong in their market cap calculations.
So, the two questions to ask are if CoinMarketCap gives a wrong market cap by placing XRP at $13billion while Forbes places it at $30,000. Secondly, if the Coin Market is wrong in their calculations, why does the cryptocurrency remain stagnant not minding the number of fans?
Reason for the stagnation
To answer the second question, the reason for not increasing lies in the operations of Ripple & XRP. This digital currency is a “pump and dump” asset. As a result, it will not surge to the level fans expect because of its short life span. Experts argue that the company focus more on pumping XRP price and lags in innovation. As a result, the digital currency does not have a long-term focus. Also, the so-called customers of Ripple are not into paying but are more into advertising it. So, critics state that this kind of operational tactics will not improve the XRP value.
Apart from the two reasons given above, the 200 institutional clients Ripple claims to have is a lie. According to one writer, even the partners of Ripple such as SendFriend is a fake company. The proof is that some websites of these companies have only signup pages.
Although the fans of the cryptocurrency claim that the customers are companies who provide remittance services, we don’t know yet. However, the ongoing arguments lead to yet another question which we should ask ourselves. Is the market cap calculations for XRP wrong or is it the faulty system that is causing the stunted growth?
Ripple Community Tweets Bullish XRP Forecasts, Voicing Price Surging Scenarios
The community of XRP investors is voicing bullish price forecasts while some wish the coin would stay under $0.3 longer –
The Ripple community is one of the most loyal ones in the crypto world, which constantly posts news about Ripple and XRP in the social media and watches the price of XRP hoping it would recover the ATH of January 2018.
Below are some bullish forecasts from the community and some other tweets that show how much true XRP lovers value their ‘crypto idol’.
Going bullish on XRP
Ever since the XRP price spiked to get near $3 in January 2018, the Ripple community has longed for it to surge even higher.
Some analysts believe XRP is going to catch a bullish trend very soon due to FOMO (the fear of missing out).
Recently, the XRP liquidity on the Mexican exchange Bitso, which works directly with Ripple and its partner MoneyGram, soared to reach another all-time-high. The community has taken this as a bullish sign too.
‘Impatient overnight wanna-be millionaires’
It seems that the XRP community has not only those wishing to get a Lambo when crypto spikes but merely people who truly care for the industry. One of those enthusiasts has tweeted that he prefers to see XRP below $0.3 for another year just to get rid of all those ‘impatient overnight wanna-be millionaires’ .
Women are being active regarding XRP too. A member of the XRP community suggests they should change their lives on a large scale, adopt a different attitude to men and get more XRP.
Oxford Joins Ripple’s UBRI As Kyoto University Fires Up XRP Validator
An entrepreneurship center at the University of Oxford says it’s joining Ripple’s University Blockchain Research Initiative (UBRI).
On its LinkedIn page, the Oxford Foundry announced its plans to join the initiative.
“The Oxford Foundry has announced its plans to tackle the growing technology skills gap in the UK with a new partnership with leading blockchain technology provider Ripple and its University Blockchain Research Initiative (UBRI).
Through the Foundry’s new Tech Series, up to 1,000 University of Oxford students from across all Oxford colleges and divisions will be given the opportunity to gain new skills in blockchain, AI and machine learning across different industries. Students will also be given the opportunity to learn how to code in Python and build smart contracts.”
The Foundry was created by the University of Oxford’s Saïd Business School to give students a way to “co-create, collaborate and build solutions to global challenges.”
It includes a startup accelerator that offers pre-selected startups a place to build their projects and collaborate.
Ripple formed the UBRI in June of 2018 to collaborate with top universities around the globe to accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
Kyoto University, which joined the initiative this summer, launched an XRP validator last week that will help the network verify and process transactions on the ledger.
Oxford Foundry Joins Ripple’s UBRI for New Tech Series Aimed at Blockchain Learning
The Oxford Foundry, which serves as an entrepreneurship center at the University of Oxford has announced the news about its strategic partnership with globally reputed blockchain technology services provider Ripple and its University Blockchain Research Initiative (UBRI). The team-up has been focused on rendering fruitful solutions for tackling the widening technology skills gap in the UK region.
With the new Tech Series, the Foundry aims to give a golden chance to nearly 1,000 students of the Oxford University hailing from across all the colleges and divisions of the world-class institute to immerse themselves in the attainment of new skills of the blockchain niche, AI technology, and machine learning across various industries.
The students will gain knowledge through Foundry’s experimental learning model during the new Tech Series program. The series will include informative workshops and boot camps which will be governed by mentors, academicians, and student experts from Oxford’s enriching network and widespread intellectual capital. These camps will impart knowledge through peer-to-peer learning and the Zone of Proximal Development. This is the theory that encourages students to learn from those who are just one or two steps ahead of them. This allows students to delve into new disciplines and team-up with new people coming from different domains to find creative solutions.
Foundry’s Tech Series will also have a Tech Talent Networking Series to give the students a chance to get in touch with leading firms belonging to the blockchain and AI industry.
The series is aimed to fulfill the ultimate commitment of the Foundry that allows it to make available equal opportunities, networks, and resources to talented people with a view to help them build strong ventures.
The Foundry was created by the University of Oxford’s Saïd Business School and was aimed to benefit the whole ecosystem of the University of Oxford. The founding donors of the Foundry were Reid Hoffman, Co-founder of LinkedIn and philanthropist Mohamed Amersi.
Leading blockchain network Ripple formed UBRI in June 2018 with the prime objective to enter into strategic collaborations with global universities for boosting academic research operations, technical development, and innovation in new-age technologies like blockchain, digital currencies, and digital payment pedagogies. In summer this year, Kyoto University became a member of the initiative. Last week the University unveiled an XRP validator that would aid the system in the verification and processing of transactions on the decentralized ledger system.