XRP has been one of the most talked-about coins in the crypto world. Apart from Bitcoin (BTC), Ethereum (ETH), and possibly TRON (TRX), XRP news has been receiving the most attention. This goes for various media outlets, as well as for potential investors.
Now, it is true that Ripple has had its fair share of troubles and challenges, some of them going as far as to become federal lawsuits against its parent company. However, the most of Ripple-related questions are concerns about whether this coin is a good investment or not. People wish to know if the coin is trustworthy and if it has a future.
Well, we believe that it is. In fact, we think that XRP is an excellent investment, and in this text, we will provide some of the reasons why this might be the case.
XRP on its way to adoption
Ripple is one of the most well-accepted cryptocurrencies around. The platform has spent the last year and a half securing numerous partners that were drawn to it by the strength of its protocol. Additionally, Ripple can also brag with its high scalability, low costs, and very fast transaction speeds.
Numerous banks and financial institutions around the world have taken into adopting its technology, and some reports claim that Ripple’s products can save up to 70% of the transaction costs. Apart from that, it is also known that Ripple is capable of making cross-border transactions in a matter of minutes, or maybe even seconds, while the old systems often took hours, if not days.
While Ripple’s price is currently relatively low, its value is bound to go up as its adoption increases, and its other products become massively accepted as well.
Ripple’s use cases are expanding
While Ripple products are passing all kinds of tests, and are doing pretty well at the moment, chances are that its use cases will expand even further. One of its initiatives, called xPring, might be the key to this growth.
The team has been seeking more and more entrepreneurs in the recent months and providing them with funding. All of this is done in order to reach the limits of the coin’s true potential. Ripple’s potential actually has a chance of being literally limitless. The coin might reach numerous industries, like media, gaming, real estate, trade, identity, micro-payments, virtual goods, and more. If it achieves even half of what it is expected to reach, this will still mean a serious boom for the coin.
Will Ripple’s price grow?
Truth be told, Ripple’s price has been very disappointing, especially recently. The coin lost over 90% of its all-time high, all thanks to this year’s bear market. According to CoinMarketCap, its current price is only $0.336124. However, its advanced technology and ever-expanding use cases are almost a guarantee that this won’t always be the case.
At the moment, the market is not really favorable, and almost all cryptos are suffering from it. However, this will not always be true, and as soon as the situation changes, Ripple’s price will change as well. The important thing to understand about XRP is that investing in it means investing in the future. It is a long-term thing, and the results will not be seen immediately.
This is something that a lot of investors do not understand, and when they experience losses, they choose to sue Ripple for fraud, instead of educating themselves on the coin and how the market works.
While Ripple is currently not at its best, it is also holding up pretty good, considering the situation and all it had to endure. And, with its all-time high being $3.86, it is definitely possible for the coin to not only reach those heights again but to grow even further up.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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