Industry experts predict that Ripple will increase in value as the market sees more projects being coded using other algorithms like XRP.
Another CEO in blockchain technology stated that there are several reasons why Ripple will not increase in value in the world of cryptocurrency. The first reason is the dollar amount of volume that distances each of the top currencies with regards to market cap. Ripple is in the third position, with less than half of the volume of Ethereum.
The second reason is that Ripple is mainly spent on assets and not used for everyday spending. In the upcoming years, consumers will want to use cryptocurrency as a currency, and not just for transactions that involve investments.
The third reason is that it cannot compete with Bitcoin because Ripple cannot be purchased using fiat currencies, only other cryptocurrencies
, and this is a limiting factor.
An associate director at a university believes that it is only a matter of time before Ripple allows the exchange of fiat currency on its platform.
A CSO of an international fintech believes that although it is not truly a cryptocurrency, Ripple will naturally increase in value because of the declining markets of 2018.