Ripple And Stellar Growth With Almost 50% Can Indicate A Shift Towards "Utility" Tokens (From "Hype" Tokens)
The list above is surprising in so many ways.
First, Ripple just overtook Ethereum as the largest second currency in the world by market cap.
Second, Stellar just made it to top 10.
And third, crypto veterans BTC, LTC and ETH are all in red.
If one would speculate over these numbers - I'm not saying I am, I'm just talking about a hypothetical person that would speculate over this - he would probably correlate the influx of value into Ripple and Stellar with the exit of value from crypto veterans.
Another correlation that he will make would be about the function of the two winners: they are both helping banks with their intercommunication processes, speeding up transfers.
In other words, money seem to be flowing out of "hype", into "function". Investors seem to become more and more educated and "just because it's on the blockchain" is not enough of a reason anymore to support a token. It has to do something real, useful, measurable.
If this piece of speculation turns out to be true, then brace yourselves, because the next target of "functional money" will be appcoins like Steemit.
Just sayin'...
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
In my country, India many banks are adopting ripple as a mode of payment to make it faster. This will surely increase its price.
The crypto world is definitely full of surprises. I do not think anyone would have imagined ripple overtaking ethereum to be the second largest coin by market cap. I agree with your speculation and I'm very positive 2018 will be a massive year for steem.
I still think Korean pumping has something to do with it...
Stellar is a surprise, cuz it's not listed on Korean exchanges
And wow, China pumps things too
hi @dragosroua,
informative assessment about the rising of Ripple and Stellar day by day. you are right we should see the trend of market. predictions are only 50/50. i have only interest in Steem, so i love it.
Token with incredible use cases are getting investors interests now.
i try to diversify my coin intake just to be on the safe side, you should also try it . dont rely on just steem alone
that is so true, and steem in my own opinion,is the most functional cryptocurrency there is right now.
+1 steemit to the moon
i think 2018 will be a testing period for most coins, some will go bust while the important will survive, i think the app coins and utility coins will be the biggest winners
Really? To what end do you form your opinion? No disrespect; but, sounds like 'hype'. Forgive my inner cynicism/caution.
Let's be honest; STEEM is a very volatile crypto; and, the 'infighting' makes its usefulness/purpose questionable.
Of course I'd love for your opinion to be on point; but, without data to support your opinion....hmmm....
Best regards for 2018!
Peace.
yes steem is very volatile and at the same time its very versatile. check out all the apps and other platforms on the steem blockchain, from dsound to dtube to steepshot to dmania to zapple, these are all functional platforms and it takes just one of them to be greatly successful and then steem will moon, with all these its bound to happen, steem is already a blockchain with functional implementations psreading its tentacles to capture everything internet not like some blockchains that investment is based on promising future projects.
Aha! Very valid points; very well stated!
Many thanks @darkerhorse. Your points are well taken and deserving of a tip!
Peace.
for ripple to reach this status was a long time coming , eventually the banks were going to cave in, for stellar to do what its doing is another story, had my doubts but alas . if your prediction is true then 2018 we should brace ourselves for for steem and SBD to rise from the ashes
They both cater to banks it just to what banks is the question
Only time will tell if this is fact or over-optimistic fiction. ;+)
Best regards for 2018!
Peace.
Your writing is very interesting.
But I want to ask you, what do you think about the development of 2018 bitcoin price in the future?
I just want to survey some people
Unless it goes up, it will go down. There are only two directions :)
Sorry, but I don't do predictions. I can sometimes identify some trends and talk about them, but other than that I just follow the market. Market is always right.
Everyone seems to be asking this question, nothing is certain in this game. The only one that can answer this question with certain degree of certainty is a trader who is in control of 70% of world's bitcoin. Then you can dump and pump at will.
Bitcoin has always got better. The biggest and the first with support from the worlds best. Just give it time. New ways and forks would make the dared Bitcoin better again. We all know that the ripple effect will still happen again
This similarity between stellar and ripple is striking
steemit is our very own favorite cryptocurrency. And in 2018 I'm looking steemit in top 20 list of Market cap.
Ripple is looking in very aggressive mood. I predict it would be at least $5 in 1st week of January, 2018.
ADA & XLM will remain under $1 but their Market Cap will grow. But obviously this is a big day for XLM to come in Top 10.
Excellent post and very nice analysis on the recent ups and down in the world of cryptocurrency. Keep sharing your experience and research @dragosroua.
Ripple Ripple Ripple everywhere for past a few days show it's potential according to the current scenario of the market :P
As far as the Steem is concerned i have noticed one thing that people are very much satisfied to this currency and there is no hustle among them.
Thanks @dragosroua for making the picture more clear about Ripple.
Keep updating and stay blessed :)