According to the renowned investor and business advisor CryptoWhale, XRP is the most promising project for long-term investors, backed by its technology superior to Bitcoin and weight in enforcing digital asset regulations.
CryptoWhale, a company that provides unbiased and unemotional trading advice regarding cryptocurrencies and often criticizes the overvaluation of digital assets, has recently been trading XRP. According to one of his latest Twitter threads, his long-term investment and research on XRP have determined that it is better than Bitcoin and will be the alternative currency to defeat all others that are eventually doomed.
Compared to Bitcoin, CryptoWhale claimed that XRP’s 3 to 4-second transaction speed was 1000 times faster, cheaper, more scalable, and better for the environment, compared to Bitcoin’s 10-minute transaction speed.
“XRP is a digital asset that uses distributed ledger technology like Bitcoin, but that’s where the similarity ends.”In addition, CryptoWhale stated that XRP’s affiliate Ripple is continuing to make regulations to make the crypto money more affordable and is doing things right.
“Ripple is the only company on the market pressuring to actively regulate. They are also working closely with government agencies to ensure they are fully compliant. This gives XRP a huge advantage over other altcoins that will eventually disappear. ”
Why XRP Is not realizing the expected rise?
According to CryptoWhale, 79% of investors fell victim to FOMO in 2017, and many investors bought XRP at an inflated price of $ 2.50.“Many people started to hate XRP for losing money, which subconsciously created a negative bias for cryptocurrency.”
Along with investor losses, the cryptocurrency community strongly opposes XRP because of its high levels of centralization, which they think are harming the evolution of decentralized finance. In a previous statement, CryptoWhale also stated that Ripple is not trying to change the banking system, but only trying to integrate its technology into banks to facilitate the current banking process. For this reason, XRP has managed to survive despite its poor performance over the years and the prevailing opinions in the cryptocurrency community.
Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). XRP is the digital token that has a circulating supply of 45 Billion coins and a max supply of 100 Billion coins.
Ripple (XRP) plays dual roles as a payment platform and a currency. It is an open-source platform that was created to allow quick and cheap transactions. XRP remains the only crypto gaining traction among global banks as Japan-based Mitsubishi UFJ Financial Group, with assets of more than USD 2.8 trillion. Other leading global banks using Ripple include Europe’s banking giant, HSBC Holdings Plc, with assets of about $2.5 trillion, which disclosed in 2019 that it would use the XRP payment solution.
By: Jenson Nuñez.
