Brad Garlinghouse, Ripple’s CEO, has again hinted that Ripple may launch an IPO. While Garlinghouse said it is not a priority, it is possible, and it could be announced by year’s end. The XRP price has been on an uptick this year, but it has not really given investors cause for excitement. However, an IPO for Ripple could do miracles for the XRP price, with some citing that XRP could reach as high as $10.00. The question is, however, whether a newer token like Remittix can steal some of XRP’s thunder.
Good news for the XRP price part 1: SEC resolution steadies the ship
After being tied down in a lawsuit for the last four years, the SEC and Ripple Labs have finally shaken hands on a resolution. While it was not absolute vindication for Ripple, the SEC lost face and when the gavel came down, a precedent was set for what crypto can do. Naturally, the XRP price responded positively, rising 11% on the news. It was ‘only’ 11% because it was expected, and the prodigious rise in the XRP price in November anticipated this resolution. Ripple is now free to trade, and the IPO could mean great things.
Source: Coincodex
Good news for the XRP price part 2: IPO could push price beyond ATH
XRP’s price reached its ATH in January 2018 and has been struggling ever since. The SEC settlement saw XRP claw a lot of lost value back, but even though XRP has been one of the best-performing cryptos of the year, it is still 35% below its ATH. The use case for XRP is great, as a solution to cross-border payments is sorely needed, and if Ripple can finally implement what it has been trying to do, XRP may get a massive uptick in value.
Adding an IPO on top of that will only bolster the price. But Garlinghouse is not entirely enthusiastic about an IPO, speaking in vague terms and indefinite timelines. In the lack of any clear direction, Coincodex’s XRP price prediction shows the token relatively flat until the end of the decade, with a positive spike raising hopes in the 2029 halving cycle.
Source: Coincodex
Remittix (RTX): Stepping into XRP’s realm with superior service
While XRP was fighting for its right to exist in the courts, Remittix came along and quietly solved the cross-border payment issue XRP has been tackling for years. And it did so with no mess or fuss, and provided such a simple and elegant solution that analysts are wondering what took the cryptosphere so long to come up with this solution.
Remittix allows its users to use cryptocurrency and blockchain tech to make direct-to-bank payments in almost any fiat currency across the globe. Using Remittix to make payments means transactions clear faster, costs are a fraction of traditional bank fees, and regulatory hoops are eliminated. This means faster service delivery and high profits.
Remittix has solved the greatest financial stumbling block of modern commerce, and its potential is massive. And so is its investment potential. Remittix stands a chance to hit the $10.00 mark way before XRP does, and this token can stand next to the established names.
Conclusion
While an IPO for Ripple Labs would see the XRP price go up, even at $10.00, it would only be a 4x return on XRP. Considering that Remittix is now in presale for only $0.0757, a $10.00 Remittix price is not only more likely but also much more profitable than XRP, and even YouTube bloggers agree.
Remittix is now available directly from their website.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io
Socials: https://linktr.ee/remittix
