Ripple (XRP) investors can expect a sharp price increase in XRP’s valuation in the immediate aftermath of being listed on Cobinhood. Analysts believe the listing could trigger a bullish trend considering the wider reach of Cobinhood exchange.
Cobinhood Listing could push XRP to 2nd position
Ripple (XRP) is the world’s third largest crypto coin by market cap behind BTC and ETH. However, the cryptocurrency isn’t mined like other virtual currencies since it is owned by Ripple Lab. The controversial token has triggered lots of interests in the cryptocurrency space. And most people speculate that it could overtake Ethereum in the next few days.
It is set to be listed on the Cobinhood exchange that considers itself to be a next-gen crypto platform. The exchange also touts itself as the world’s first zero fees cryptocurrency exchange. The platform was founded by a serial entrepreneur Popo Chen – who earned his Master’s Degree in Electrical Engineering at the age of 22. Cobinhood has more than 5M active users.
Besides Cobinhood listing, XRP has proved itself much cheaper and faster than Bitcoin and Ethereum. Ripple’s CEO Brad Garlinghouse reaffirmed this during the Swell 2018 Conference in San Francisco last month. He said that XRP is 1000 cheaper and 1000 faster than Bitcoin (BTC). He said:
I really don’t think about the price performance. I do think about the technical performance. And I think about the fact that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive than a Bitcoin transaction. XRP has demonstrated it is the most efficient digital asset to solve a payment problem.
Considering the recent strategic partnerships between Ripple and financial giants, there is no doubt that XRP is the next big thing. The Cobinhood listing may lead to a huge increase in the number of individuals investing in XRP.