Ripple (XRP) vs Bitcoin (BTC)
Ripple (XRP) vs Bitcoin (BTC)
It would be an interesting way to compare XRP and BTC based on the maximum amount mined and current price in US dollars.
Bitcoin – A decentralised cryptocurrency:
Founder: Satoshi Nakamoto
Description: Decentralised cryptocurrency used in a peer to peer network
Founded: January 2009
Maximum amount: 21 million Bitcoins
Transactions made via: Blockchain / mining
Transaction time: 10 minutes
Hashing Algorithm: SHA-256
Mining: Processor intensive
Price per USD: BTC/USD: $14,800.00
Ripple (XRP) – A Digital Currency and Real Time Gross Settlement Payments System:
Founder: Chris Larsen & Jed McCaled
Description: Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple
Founded: 2012
Maximum amount: 100 billion Ripple units
Transactions made via: Ripple Labs issued currency
Transaction time: 4 seconds
Hashing Algorithm: Ripple Protocol Consensus Algorithm (RPCA)
Mining: Not mined
Price per USD: XRP/USD: $2.39
Based on today’s price of XRP with total amount of 100 billion max mined and BTC with total amount of 21 million max mined the price of bitcoin should be at around $11,381.00.
Of course in reality you should not compare the price of crypto this way, otherwise the price of Bitcoin Cash would have to be the same as the price of Bitcoin itself.
You can’t predict if XRP or Bitcoin or any other cryptocurrency will be around here in the next 5 or 10... years or to predict the price of each one of them, it all is just a speculation. You can at least have a little piece of XRP, Bitcoin or any other currency you believe in that will be the future of money. Of course, you should be prepared to loose all the money you invest in any crypto.
One thing is for sure, with all the fiat money printing that’s happening all over the world, the future of fiat money is not so bright.
We should expect the prices of goods, groceries... to eventually skyrocket and crypto could be one of the investments where you can protect yourself against inflation.