Access is everything, especially in the world of cryptocurrency, which hinges, at least in part, on supply and demand. This year will be totally focused on the crypto world because of demand & growth of cryptoassets.
Bitcoin’s value grew by more than 1,200% in 2017, but that wasn’t enough to even place it among the 10 best-performing cryptoassets of the year.
One of the biggest and most popular exchanges begins to trade in altcoins, it becomes significantly more accessible in an instant. And if it’s more accessible, there will be more demand. And if there is more demand, the value will go up.
In a breakout year for cryptocurrency trading, the biggest winners were Ripple, which is touted as a new kind of payment system for banks, along with less familiar names like NEM, Ardor, and Dash. Here are the top 10 cryptoassets of 2017—plus bitcoin, which came in 14th place:
This future is looking highly likely now for Ripple (XRP), the most talked about cryptocurrency of the moment. Its market cap recently surpassed Ethereum, placing it second only to the mighty Bitcoin. Its price reached an all-time high of $2.50 (USD) in late December after having exited November at just $0.22 (USD). It’s been the subject of supposed leaks and also of heated debates as the market begins to consider what will be the biggest mover in 2018.
Now comes word that Coinbase, one of the most popular exchanges, servicing some 32 countries (including Australia), is looking to add Ripple trading to its dashboard as early as this January. This has been discussed for a while, with a number of hints and leaks, but no official confirmation. The strongest of these came from Coinbase CEO Brian Armstrong himself. He confirmed that new coins would be joining the currently traded currencies of Bitcoin, Bitcoin Cash, Ethereum and Litecoin in 2018.
The remaining question then becomes when? When will we see Ripple on Coinbase? We’ll keep you posted.