The GMO internet Group in Japan is a firm that provides several services in relation to the internet. They have recently released the results of a survey they conducted which showed that nearly half of all the respondents said that they expect Ripple to see the most gains throughout 2019 compared to the other coins and tokens.
The survey was conducted from 30th January - 20th February with around 11,000 people taking part with some very interesting results.
Around 70 percent of the participants believe that cryptocurrencies are long-term investors and that there is a lot of potential for the future of these assets.
Although the main reasons for investment are partially down to the potential of making money when it comes to crypto as well as the concerns had to do with market volatility and exchange security. There is also a big implication that the potential for high returns has a big home in the mind of the investor. The report claims that 90 percent of the participants entered the market after the highs of late 2017.
The GMO Internet Group has started up its own crypto exchange called GMO via its subsidiary GMO Coin. Moreover, the firm has a brokerage and margin trading service which CMO Coin has dubbed as the Sales Office and Virtual Currency FX, respectively.
In the crypto community, you either love or hate Ripple, there doesn’t seem to be an in between. When it comes to Japan though, XRP is a very popular asset. The country’s financial services firm, SBI Group is a big supporter of Ripple and the CEO of the firm believes that the token has a lot of potential. In fact, Yoshitaka Kitao is expecting every bank in the nation to use Ripple’s XRP token by the 2025 Osaka Expo.
Japan is also making some ground when it comes to the regulation of cryptocurrency as the Financial Services Authority is currently reviewing whether it should hand licenses to about seven exchanges. On top of this, it is also planning to amend two acts and change the name of digital currencies to cryptographic assets in order to accommodate the new asset class in the existing legal framework.
When it comes to price, XRP is currently in the red with a 0.53 percent decrease over the past 24 hours leaving it a price of $0.31 and as the third largest cryptocurrency in the market.