TOP 5 reasons to invest in XRP
Reasons to invest in XRP
TOP 5 reasons to invest in XRP
Have you ever considered invest in XRP?
Today, we are going to talk about 5 reasons on why to invest in XRP, and why we need to keep an eye on Ripple’s moves.
So, to start it’s important to mention that Cryptocurrencies are considered to be a high-risk investment. When you acquire a cryptocurrency with fiat money, you are now beginning on an investment that most personal financial advisors would warn you against; one that carries a great potential for return but also a high potential for loss.
Analysts like analytical tools that employ formulas to assess supply and demand, price resistance, trade patterns, and other indices; nevertheless, what is lacking in each of these techniques?
They overlook other critical factors in making an investment decision – intangible characteristics that are difficult to quantify, such as leadership and news reports. This missing piece is what contributes to the popularity of online forums dedicated to these subjects.
Individuals are gathering and exchanging information in the goal of determining which of these options offers the greatest potential for a “unicorn investment” — an investment that may repay original capital at extraordinary rates exceeding even 1,000 percent.
So where is the institutional money looking in crypto?
Despite crypto market volatility, XRP’s price uses to be more stable following the trends of Bitcoin and has remaining in the TOP10 market caps for years since its creation. This shows the gradual acquisition of vast amounts of XRP by either a big number of investors or a small group of extremely wealthy investors. Consider this pattern in conjunction with the fact that XRP’s average daily volume has been increasing over time.
So, these situations serve as an early warning indicator of impending market volcanism. While some may be considering a variety of cryptocurrency investment alternatives, I know exactly where I’ve put my hard-earned money: XRP.
Now, let’s discuss the TOP 5 reasons to invest in XRP
1.The SEC case will end but XRP won’t
Last year, the Lawyer John Deaton mentioned the implications in case of a Ripple win:
“IF RIPPLE WINS SEC LAWSUIT, ONLY BITCOIN AND XRP WILL BE SAFE”
He also mentioned: “There’s a way for the Ripple case to end and all parties win. It requires two things: 1) favorable rulings for Ripple on fair notice & on the deliberative process privilege; and an Altcoin Bull Market Chart with an upwards trend causing #XRP to surpass its all-time high (for example, hitting $5 dollars or higher)”
But let’s say in the worse case scenario Ripple loses the SEC lawsuit. Would it be the end of Ripple and XRP?
Definitely, No!
But let’s have a look into it…
In October 2020, Ripple co-founder Chris Larsen said that the firm might be moving its headquarters overseas.
“To be honest with you, we’re even looking at relocating our headquarters to a much more friendly jurisdiction.”
“[You] have the advantage of having the capital markets, the regulators, and the innovators all in the same city. That’s not the case in the US, where New York investors, Washington lawmakers, and Silicon Valley tech entrepreneurs “don’t understand each other”, he told Fortune.
In early April 2021, CEO Brad Garlinghouse told CNN the firm is ready to march on without the XRP if it loses the legal battle against the US regulator, which claims XRP is a security and the firm illegally sold the cryptocurrency to investors.
“We could do that. We’ve always thought about our product as ‘How do we solve a customer’s problem first and foremost?’ And I think that has served our growth. It’s a reason why we have seen so much activity now, billions and billions of dollars of transactions across Ripplenet, our network for payments”.
So, to answer the question ‘What if Ripple loses lawsuit?’: no one knows besides them, but relocating to a friendlier jurisdiction is most likely to serve the interests of XRP holders in such a scenario.
In addition, Brad Garlinghouse, has recently told CNBC’s Squawk Box
“there’s a misunderstanding of how these technologies can be applied”.
“In the United States, there has been a lack of regulatory clarity. Other countries, G20 markets, they have invested the time and energy, either through legislation or rulemaking, to provide that clarity and certainty, which allows investors to participate, entrepreneurs to build.”
“XRP is an open-source technology very analogous to bitcoin, but the SEC is making the assertion that these are investment contracts … that Ripple sales of XRP to our customers is actually an investment contract. That isn’t true. If you buy XRP, you don’t have ownership of Ripple and ironically you have XRP owners who have tried to sue the SEC for even bringing the case.”
So, considering all Ripple structure, political connections, institutional partnerships all around the world, and positive news dropping every week it is reasonable think that XRP won’t end if Ripple loses the SEC lawsuit in the U.S.
2- NFTs built on XRP Ledger just getting started
Ripple is introducing a 250 million fund to investigate innovative applications for non fungible tokens NFTs on the XRP ledger XRP the fund, which was announced last year as part of Ripple’s XRP developer symposium
David Schwartz, Ripple CTO mentioned
“We were a little late to the party, but not too late. If NFTs are successful, then we are all still early. We initially started to look at how people wanted to use NFTs and realized that a lot of the challenges people were facing were due to the technology being very primitive.”
He also concluded: “On the XRP Ledger, the cost is a lot lower, so if you are building an NFT on Ethereum it would have to be worth at least $500, and even then the fees would be close to $100. The fees are much less on the XRP Ledger and that allows for a broader range of use cases.”
3- CBDCs built on the XRP Ledger just getting started
Ripple is piloting a private version of the public opensource XRP ledger that provides central banks with a secure, controlled, and flexible solution for the issuance and management of digital currencies. With over 80% of central banks, actively exploring some form of sovereign backed crypto new central bank, digital currencies, CBDCs are bound to emerge.
Each new CBDC will have unique goals driven by the specific market challenges and opportunities of its country, unavoidably leading to different technologies and implementations. Leaving the world with an array of CBDC solutions.
The CBDC private ledger is based same blockchain technology that powers the XRP ledger XRP, which means that the CBDC private ledger is built for payments. This also means the CBDC private ledger is designed for issuing currencies with over 5,400 currencies issued on the XRP over the past eight years, including its native digital asset XRP can be leveraged as a neutral bridge asset for frictionless value movement between CBDCs and other currencies.
Related read: CBDC: What Will Be The Consequences Of Central Bank Digital Currencies?
4- ISO 20022 Compliant
Ripple claims to be the first blockchain based payments company to join the ISO 20022 standardization committee, which will help it be ready for the arrival of the data rich messaging protocol.
In the future we expect in the wake of tent talks between swift, central banks, and Ripple over decisions to move to ISO 20022 migration for cross border payments probably using XRP Ledger features.
According to Ripple’s website, the world is coming together on a new global standard ISO 200022, the de facto global data standard for modern payments. This is a big step for the industry. XRP is a coin on the select list of the ISO 20022 standards, which helps make things easier for financial institutional adoption all over the world.
So, remember Ripple is the first member who focuses on distributed ledger technology DLT.
Related read: ISO 20022 Crypto List – 5 Compliant Coins (XRP, XLM, XDC, ALGO, IOTA)
5- Its fast, scalable, and inexpensive for transactions (BTC & ETH are not)
Ripple (XRP) was created to be a speedy, less costly, and more scalable alternative to other digital assets and existing monetary payment platforms like SWIFT. It is a global open-source public blockchain that focuses on payments as its core use case. XRP boasts 1,500 transactions per second, costs $0.0003 per transaction, and settles in 3 seconds.
To conclude, XRP delivers transaction speed and throughout that is above and beyond what BTC and even ETH were designed to do. With a settlement time of about 3 seconds, XRP almost eliminates price volatility in its entirety. XRP also solves a problem with on-demand liquidity for cross-border payments.
Another thing to consider is that climate change and the environmental impact from energy usage is at the forefront of many political agendas. The backbone of BTC is proof of work and mining, which utilizes an extreme amount of power. Many mining farms have been established to facilitate mining BTC and conducting proof of work. The larger-scale mining farms look like full-blown data centers with racks upon racks of equipment. I think as digital assets increase in popularity, we’re going to see more attention shift to the scalability and efficiency of digital assets, such as XRP, rather than power-intensive digital assets like BTC.
And for the end, the quote that David Schwartz speaks at The North American Bitcoin Conference:
“Imagine… every major institution in the World able to settle every major FIAT asset with every other institution in seconds for less than a penny.”
Reasons to invest in XRP
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Disclaimer: This article is provided for informational purposes only.
It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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