Published
5 years ago on
November 06, 2018
“Ripple’s recent buzz around [XRP] it has thrown its investors into another state of uncertainty, asking the question that, is the Digital coin’s sudden rise, another adventure which at the end will prove to be hopeless as they’ve witnessed in the past. The Digital currency entered the crypto market with a bang, and the coin within a short period amassed quite some number of investors. It’s smooth sailing into the top further endorsed its notion as the next Bitcoin.â€Why doubt XRP? As touched upon earlier, many are losing faith in XRP because they are only seeing this asset from an investment point of view and, let’s face it, XRP hasn’t proven to be a great investment over 2018, apart from a few short spikes in the value of the token:
“Many investors have doubted any coin which didn’t have the same traits and qualities as Bitcoin, as it is considered to be the father of all cryptocurrencies. XRP doesn’t have the regular standard cryptocurrency features and focuses much on making its blockchain as strong as it could be. Ripple is not mined like Bitcoin and many other cryptocurrencies, which is a very big deal for many crypto investors.â€What’s our take? You should check out the piece by ‘Mr Oak’ as it raises some interesting points. Even so though, we don’t believe XRP is deceptive and frankly, Ripple hasn’t been lying to investors, because there’s nothing to lie about. Ripple doesn’t waste time telling people to buy XRP or put money into it, instead the goal for Ripple is to promote their technologies across banks and the financial sector. Yes, it benefits Ripple when people invest in XRP but overall, as I have stated, this is a side-quest and is a small part of something far bigger. A money transfer revolution that promises to be led by Ripple and their revolutionary technologies.
