Why XRP Is one of the best coins to right now.
l believe that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Robert peters has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17btc lately
Ripple’s target customer base could grow
When Ripple was created along with XRP, investors already knew it was a top cryptocurrency to buy, given the problems it was trying to solve in international banking.
Right now, sending a wire transfer can be quite costly. In addition, it can take days for the money to be sent across the world. So, the Ripple network and XRP could easily solve a lot of those problems.
But its potential goes far beyond massive banks. As it becomes more popular over the long haul, Ripple could also start appealing to smaller businesses as well, which would create massive growth potential.
XRP is already the eighth-most valuable cryptocurrency, as investors are optimistic about its potential today. But if the cryptocurrency can realize this mainstream adaption, it could have years of growth potential ahead of it.
Ripple is constantly working to refine its product
A lot of other cryptocurrencies that were created weren’t founded by a company, but rather by a few individuals. And while these cryptocurrencies generally have a fund that continues to work on developing the technology, it’s unlike Ripple, which has a team of over 500 employees to continue building and expanding its network.
This is a huge advantage, especially as Ripple and XRP start to become a lot more mainstream. It also means the company can send salespeople out to banks and other financial institutions to promote their technology and explain the advantages, which could be a major advantage in helping Ripple to grow, another reason XRP is one of the best cryptocurrencies to buy now.
Ripple is expanding into central bank digital currencies
With the rise in popularity of cryptocurrencies over the last decade, governments and central banks around the world have been scrambling to create digital currencies that are created and controlled by central banks.
And although no country has necessarily launched a successful central bank digital currency yet, they could become huge in the future. And Ripple announced in March of 2021 that it is creating private ledgers, which would be able to address these.
Ripple also claimed that the technology can handle tens of thousands of transactions per second and has the potential to reach hundreds of thousands of transactions per second.
So, with the company working on these private ledgers, and many central banks looking at creating and launching their own cryptocurrency, Ripple could have another major avenue of growth ahead of it.
Although Ripple has a tonne of potential, and XRP is a top cryptocurrency to buy now, it’s not without risks. So, it’s crucial to ensure that you’re buying for the right reasons and taking a long-term approach. This way, you can help mitigate a tonne of that risk for yourself.
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