Ripple (XRP) -vs- Raiden Network (RDN)
Comparison between Ripple and Raiden Network
How Raiden differentiates between other payment tokens is that Raiden allows all ERC20 (and ETH) tokens to move instantaneously and with some modifications (contract wrapping) non-ERC 20 tokens too. Whereas XRB, XRP, BTC, etc can only move their own respective assets and within their own respective network.
The main idea behind Raiden is that it wants to create a massive network of payment channels that links everyone; it can operate almost entirely on it's own and without any banking system (that's the goal). However, it is very likely that a banking system will integrate Raiden into their own network (good or bad... you decide).
We urge people to look into the Raiden Network (RDN) soon. With a marketcap of $300 million it will easily 7x within the next 6 months for a target of $2.2 billion marketcap assuming no further press updates or releases.
Raiden Network - https://coinmarketcap.com/currencies/raiden-network-token/
100% agree. RDN is completely undervalued. Once people realize the speed and the entirely unique function of converting ERC 20 tokens - this could be a game changer providing a stable currency made up of the average price of a particular group of currencies. Very exciting with cutting edge tech.
Fantastic chart, thanks so much.
Interesting.....
I don't like the wording of that last statement though....
I can almost guarantee that XRP will increase 10x within the next 6 months also assuming no further press updates or releases. Now what are the odds that there will be no press updates or releases in the next 6 mos? Almost Nil. There most likely will be, so saying that it will do one thing or the other like that is basically worthless. Plus it says "it will easily 7x within the next 6 months..." easily what? Increase 7x? Decrease 7x? Very unprofessional.
If Ripple has a 10x increase, the marketcap will be $1.1 Trillion - greater than (nearly double) all crypto combined.
If Raiden Network has a 10x increase, the marketcap will be $2.8 Billion. Far more likely to happen.
Ripple has made great progress with many companies and is currently in 'trial phase' testing to determine if true utility exists . Many mistake this as 'companies adopting Ripple tech' which is inaccurate. Also companies weary if they can trust the founder which owns $70 Billion+ USD worth. Further, CoinBase opted not to list Ripple as it is violates their first requirement - it is not decentralized.
Must Read:
https://cryptoyoda1338.wordpress.com/2018/01/04/the-truth-about-ripple/