Ripple Is Eyeing Bitcoin’s #1 Spot — It Is Closer Than Any Other Coin — But Other ALT Coins Are Making The Climb

in #blog7 years ago (edited)

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In the last few weeks, Bitcoin has been trying to find itself. After a huge run up, we saw prices drop and rise back and forth. It appears BTC price has finally settled down around $15,000 possibly suggesting that its steady uptrend will continue once again.

But its not BTC that has most people talking. It’s not even Ethereum. It is the alt coins which are having a field day in the midst of BTC’s indecisiveness, specifically Ripple (XRP). BTC’s dominance in the crypto market has dwindled down to around 35%. Now sure, you can point to the fact that more coins are entering the game, but you cant deny Ripple’s recent run to #1.

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Ripple has increased from about $.25 two weeks ago, to about $3.05 today. At peak performance, Ripple’s market cap was half of Bitcoin’s.

This points to a revolutionary trend within crypto: BTC will be replaced. Crypto investors have identified the issues of BTC which include slow transaction speed, high fees etc. BTC also has one major issue: IT BRINGS NOTHING NEW TO THE TABLE!

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Bitcoin did one thing, and that was to introduce blockchain technology. This WAS revolutionary, but other coins are building on that concept and bringing new things like smart-contracts, increased privacy, platforms like Steemit, etc etc. New coins are creating innovative functions that has BTC looking boring.

I believe many coins are more exciting than BTC and i think this is refelcted in other coins rising. Let me know what you guys think about BTC’s decreasing dominance and the rise in ALT coins. Which coin do you see replacing BTC this year?

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While I do believe BTC will be passed in market cap some time soon, it could be one of many coins, no necessarily Ripple.

Check out the visual I made on the growth or Ripple in the past 30 days https://steemit.com/ripple/@vismonkey/visualization-the-rise-of-ripple-s-xpr-market-cap

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Cheers!

I like it! I dont think Ripple should be the one. But it could be. I think steem should. But i really believe something like ethereum could surpass BTC because ETH has smartcontracts so it will continue going up. Which coin do you think has the highest probability of beating out BTC?

Banks are using Ripple to manipulate BTC prices!! Proof is here: https://steemit.com/ripple/@llball/banks-using-ripple-to-manipulate-btc-beware

I would believe it. But in that case, people can buy Stellar Lumen. It is a fork of Ripple that is decentralized. While Ripple is centralized, Stellar Lumens is not and has an open ledger. I urge people to look into that instead of Ripple. But i dont provide expert advice lol

God, how I hate Ripple ...

Get into stellar lumens then. Same concept but decentralized. It’s an open ledger instead of being centralized like ripple. Read this post:

https://steemit.com/ripple/@ginquitti/ripple-vs-stellar-lumens-why-stellar-may-be-the-better-pick

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