Published
5 years ago on
September 24, 2018
Hot Topics
Is XRP Becoming A Serious Investment?
XRP, the native token to the Ripple project is often seen as a less serious investment opportunity. Limits within the build, the market cap and the design of XRP mean that as an investment opportunity, it is unlikely to break a value of over $10.00. Therefore, many investors don’t see XRP as a viable investment opportunity, as simply put, in order to get a huge return on your XRP investment, you need to put a lot of money into it from the start. This doesn’t make XRP a bad cryptocurrency, actually it’s probably a good thing. By being less volatile and by holding a steady value, XRP is more serious as a project for an adoptive cryptocurrency future. It’s something that has been designed to assist banks and therefore, it needs to be something the banks can handle with ease. Until recently then, XRP investment wasn’t seen as a totally serious game. The Ripple community are far more focused on what XRP can do, as opposed to how much it’s worth. Is this changing?We are sensing some change in the direction of XRP as an investment. Over the past few months, the currency hasn’t really moved past a value of $0.30, this is a stark contrast from it’s all time high of $3.00. With this in mind, after looking at the sudden spike in XRP last week, we could well see $3.00 back on the cards as a realistic prospect once again. Whilst we are a little way off yet, finally, the Ripple community does seem to feel that XRP could become a more serious investment once again. After $3.00, will XRP continue to grow?If (indeed, it’s a very big if) XRP does hit $3.00 then a new wave of investment could come into the currency, a wave that will continue to push the price up. Overall though, I don’t think this is entirely beneficial to XRP, as a matter of fact, I believe XRP is best at a value of around $1.00. $1.00 is an optimum price because it will encourage more banks to jump on board. By being reflective of the value of the dollar, XRP will be easier to use, easier to handle, easier to manage and most importantly, easier to integrate into current mainstream financial systems. So, is XRP becoming a serious investment?It always has been serious. It’s a solid cryptocurrency built upon a solid project backed by a solid community. Although, in terms of its use as an asset for holding in order to generate big returns I think we are past this now. Those who bought XRP (or Ripple as it was known) at the very start will see a huge return one day, but for those who wish to invest now, the return might be limited by the simple fact that XRP will do better in achieving its long term goals if it retains a reasonable value.
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