Ripple News and Price Chart: Investors Uncertain About Price Predictions. Ripple Push to Become A Big Player In Smart Contract Sphere. Wednesday, June 20
Important Ripple News
Ripple Push to Become A Big Player In Smart Contract Sphere
Aside Bitcoin, Ethereum is the most popular coin despite the fact that Ripple came aboard the coin market before Ethereum, the company obviously didn’t think along the smart contract line. Ripple Chief Technology Officer, Stefan Thomas, speaking about the reason the smart contract solution wasn’t on the table then said “We just didn’t feel like smart contracts was a very mature industry at that point…. Frankly, the use cases seemed somewhat dubious in value.”
All these will soon change as the company is launching its own smart contract solution known as Codius. According to Thomas, Codius will be the solution the industry is expecting that takes care of the scalability and high cost for which Ethereum has been criticized.
Josh Williams, a crypto investor described the Ripple foray in smart contract saying “Teams in games and elsewhere are building on Ethereum and running into the cost and scalability issues we’re all familiar with. Codius has great potential in addressing these concerns, and we are eager to work with it.”
Uncertainties Around XRP price Predictions
In December, most crypto enthusiasts were confident that they would double or triple their holdings in a few months. Price predictions were rising as astronomically as the coin prices. This is possibly why Ripple has been slapped with lawsuits from disappointed investors whose XRP have dipped with the coin market.
Recently, the predictions have started flowing in again as prices as high as $10 has been predicted. The reason for the optimism is the news that SBI would launch their crypto exchange. The effect of the launch is yet to be felt as Ripple continues among the biggest hit coins due to the downturn in the coin market.
This is why experience crypto traders have been cautioning investing what one can afford to lose.
XRP Price Analysis
XRP/USD Price Chart, Wednesday June 20th:
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