Can XRP Surpass $100? Insights from Industry Experts!

It has been a rough start to the year for Ripple (XRP) as its stable coin has lost almost 19% of its worth since the turn of the year. After the altcoin won its case against the SEC last year, if you were to tell us the price of XRP would be languishing around the $0.50 mark, we would have said you were crazy.

However, that is where we are now and the price has fallen so much that it is now close to its pre-pump price right before we got the SEC verdict. The fact remains, however, that XRP is still one of the biggest altcoins on the market. That means investors are still hoping it can someday surpass $100. We will get into what we think its chances are later on in this piece.

First, however, we want to look at a different up-and-coming altcoin that could steal a lot of business away from XRP. Bitcoin Minetrix (BTCMTX) has just hit a huge presale milestone as whales continue to buy BTCMTX in bulk. Let's check out how far it can go in 2024.

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Bitcoin Minetirx- Not much time to get the best price before listings begin

The Bitcoin Minetrix (BTCMTX) presale has just hit another massive milestone as it has just surpassed $10 million raised. At the moment, it looks like it could reach its hard cap of just under $11 million sometime next week. That does not give investors much time to get involved at a price that likely won't be there once listings begin.

Why is there so much hype about this coin that seems to just be for Bitcoin miners? The main reason is that it has a chance to be so much bigger than that. In fact, Bitcoin Minetirx could revolutionize how we mine crypto for the better. Of course, investors can also make a lot of crypto from the project as well, which helps.

That is why whales have been so interested in this presale, Bitcoin Minetrix may become a household name very soon as it could help Bitcoin itself reach new highs. Its aim is to fix the mining problem that currently is coming at Bitcoin from all angles.

The mining of Bitcoin is a much-maligned process, environmental groups protest how much energy the data centers that mine Bitcoin burn through, while the process also has its critics within the crypto world. After all, crypto is supposed to be a decentralized movement that gives individuals total autonomy over their assets.

What happens then when most individuals can't afford to mine the market's number one token? It is more like the traditional banking system crypto is supposed to oppose, where the very rich control everything. These data centers are where Bitcoin is now almost exclusively mined and they cost so much money to run only the uber-wealthy can afford to.

Amazingly, the Bitcoin Minetrix solution is both a greener and cheaper way to mine Bitcoin. This satisfies both the environmental protestors and the critics from inside the crypto community. The solution revolves around cloud mining.

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The genius tweak to cloud mining that makes Bitcoin Minetrix so valuable

Cloud mining was the original idea to save Bitcoin mining and make it a process available to everyone once again. The idea is that whoever wishes to mine Bitcoin can enter into a cash contract with a company with the ability to do so and then the individual gets to mine Bitcoin.

However, the mining companies have shown their greed, and the deposits now being charged are much too high, not to mention that they also demand a share of whatever the person mines. The worst of it, however, is the cloud mining sector is full of scammers, so it makes the process not even worth undertaking.

Bitcoin Minetirx, however realized that the theory behind cloud mining is solid; it just needed tweaking. They found that adding staking to the mix puts the power back in the individual's hands. The process is known as a stake-to-mine system. 

The staking is the backbone of the ecosystem and over 620 million BTCMTX tokens have already been staked, which ensures the project should pump once listings begin. Investors can let these tokens sit and appreciate so they earn rewards over time. Or they can exchange them for mining credits.

These are non-transferable, secondary, ERC-20 tokens that have just one function; to be burnt in exchange for mining time or a share of mining yields. This whole process is a step-by-step one that always leaves the investor in control.

As we mentioned, it is a greener and cheaper way to mine Bitcoin. This means that it could contribute to the success of the market's number one token. It might not stop there, even, as other proof-of-work projects might adapt the stake-to-mine system. You can see why we think it should easily outgain XRP in 2024.

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No promising signs that XRP will even reach $1 dollar soon, let alone $100

A look at Ripple's (XRP) performance since the turn of the year is pretty bleak viewing. The price is down nearly 18%, and unfortunately, there are not any good signs that this is going to get better anytime soon. As experts have noted, not only is there a bearish continuation pattern for XRP that indicates dark days are coming, but the whales are also starting to jump ship.

There are more underlying statistics that also show XRP is not likely to pump anytime soon. What could save the day is a future XRP ETF, but analysts have already ruled that out from happening anytime soon. Unfortunately, there is no good news at the moment for XRP investors.

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Conclusion 

To finish up, I think it is pretty clear that XRP is not the clever investment choice at the moment. On the other hand, Bitcoin Minetrix sure looks like it is. The new altcoin looks like it could be a game changer and getting it at its presale price before its listings begin could be the difference between some gains and a lot of profit.