It’s been a while since we’ve seen XRP make significant gains, but the recent months have been very kind to the altcoin. XRP has more than doubled in price since December 2020 and shows no signs of slowing down. The increased price begs the question: could XRP continue its pump and bring investors 10x returns in 2022? Let’s take a look at the possibility.
XRP: Performance In 2022 So Far
The XRP market is expected to continue its pump in 2022, with x returns on investment. The prediction is based on the current trend of increasing prices and demand for XRP. Additionally, more exchanges are listing XRP and supporting its use. As a result, one could see even more growth in the XRP market in 2022.
XRP Price Action: A Historical View of Price Action
XRP’s price action over the year has been quite impressive. The digital asset started the year off at a low of $0.24 and slowly climbed to its all-time high of $3.84 in December. This represents a return of over 1,500%.
While some may have expected XRP to pull back after such an incredible run, the digital asset has continued to climb in January. XRP is currently trading at $4.16, which is a growth of 6% from its price at the start of the month.
With XRP’s strong performance in recent months, many wonders if the digital asset could continue to produce gains in 2020. While anything is possible, it seems unlikely that XRP will be able to match its returns from 2019. Still, XRP could potentially deliver significant gains for investors in 2020 if it can maintain its current momentum.
XRP Price Prediction: A Long Overview
What the future holds for XRP is still very much unknown. Cryptocurrency has seen a lot of ups and downs over the past year, and it’s hard to predict where it will head next. That being said, some positive indicators suggest that XRP could see serious growth in 2020.
One thing that’s working in XRP’s favor is the increasing adoption of its underlying technology, RippleNet. More and more financial institutions are beginning to use RippleNet for payments and other transactions, increasing demand for XRP.
Another positive sign is that many significant exchanges have listed XRP recently, including Coinbase and Binance. Therefore, it gives investors more options for buying and selling XRP, which could help boost its price.
Of course, no one can say for sure what the future holds for any cryptocurrency, and there’s always the possibility that XRP could face more challenges in 2022. However, if things go well, the investors could see investment returns in the coming year.
Are There Any Better Options Than Xrp That Offer 10x More Than XRP?
There are a few different options that offer 10X more than XRP. Some of these include:
1. IMPT
There is no doubt that the cryptocurrency world is constantly evolving. New coins and tokens are being created daily, each with unique features and capabilities. One coin that has been gaining a lot of traction lately is IMPT.
IMPT is a new coin designed to make it easier for people to send and receive payments. The coin is based on the Ripple protocol but has some significant improvements. One of the most considerable improvements is that IMPT transactions are much faster than Ripple transactions.
Another benefit is that IMPT is much more decentralized than Ripple. So, if you are looking for a new coin to invest in, you should consider IMPT. It has a lot of potentials and could become one of the top coins shortly.
2. Tamadoge
Tamadoge is better than XRP as it is faster. When it comes to transaction speed, Tamadoge is way ahead of XRP. Tamadoge can handle up to 1,500 transactions per second, whereas XRP can only handle around 50. Moreover, it is more efficient. Tamadoge is more efficient than XRP because it doesn’t require much energy to mine. Tamadoge can be mined with computers, whereas XRP requires special mining rigs.
Tamadoge is more decentralized. Tamadoge is more decentralized than XRP because no central authority controls it. Tamadoge is distributed evenly globally, whereas XRP is controlled by a handful of banks and financial institutions.
3. Chainlink
Chainlink is a platform that allows for the creation of decentralized applications powered by smart contracts. These apps can connect to real-world data sources, making them far more useful than traditional decentralized apps.
Chainlink is also more scalable than other platforms, as it can handle millions of requests per second. This scalability is because Chainlink is built on a network of nodes rather than a single blockchain.
XRP, on the other hand, is a cryptocurrency used to power the Ripple network. While XRP is faster and cheaper than other cryptocurrencies, it is not as decentralized as Chainlink.
4. Shiba Inu
If you’re looking for a reliable cryptocurrency with a strong community behind it and a pleasure to use, then you can’t go wrong with Shiba Inu (SHIB).
Shiba Inu is a truly decentralized cryptocurrency, while XRP is controlled by a single company (Ripple), and its transactions are broadly lower in cost than those of XRP. In addition, the Shiba community is much more active and engaged than the XRP community, which is much smaller and less engaged. As a result, the transaction fees are also broadly lower than XRP’s, making them fairer and more sustainable.
The Bottom Line
There’s no doubt that XRP has been on a roll lately, and many investors wonder if the digital asset could see even more gains in the years to come. While it’s impossible to say for sure what the future holds, it’s certainly possible that XRP could see returns of 10x or more over the next few years.
So, if you’re considering investing in XRP, now might be a good time. However, considering that the crypto winter is already in for the long haul, we suggest you invest wisely.
