Lot of Bitcoin investors were thinking that the price of the Bitcoin is going to touch the moon. However, nothing like that happened. Several investors are switching back to XRP as they realize that XRP is a real asset. The Bitcoin hype many feel was a distraction.
Ripple tweeted: “Our data team crunched the numbers, and evidence shows that users are shifting to #XRP for exchange balance transfers to avoid network congestion on #ETH and #BTC.”
XRP Bridges the gap between the cryptocurrency space and the traditional fintech sector. This is a real utility. The functionality will be that which will ultimately rule. It is important for the long-term survival of any cryptocurrency.
It is true that speculative investment can do a long way; however, for any asset to survive the long trends, it should function.
Sydney Ifergan, the crypto expert, tweeted: “Ripple XRP continues to play a major role with ODL. The momentum is sustained. Though not to moon in the immediate run, it is very practicable.”
XRP is ideal for institutional and business use. Sometimes it seems like it is dropping hard in terms of price, but the important thing to note is that the functionality is sustained. Some of the major pain points in the payments industry is solved by XRP. The low fees is welcomed by several businesses.
The fundamentals are good, and the technology is cutting edge. This is one reason for why investors are interested in XRP. There are some investors who are not happy about the price, and they opine that XRP can do well.
Ripple (XRP) Cannot Deny Community Fuming
We cannot deny the community fuming about “We buy XRP, and the CEO dumps.” Well, the functionality is the process that adds true value to the token. Price trends cannot be artificially pumped. It should be natural. Ripple XRP are being natural and real about the transactions. The lack of rise in value, may be they need to be doing more work to increase value. The current value is what the real value is.
The potential of value increase is different from the actual kinetized value of the token. XRP should back something more functional to bring some decent profits to investors. It looks like the investors are having to bear the cost of making things cheap with ODL, but without any reasonable profit. These are the views from the community side. Pure organic growth, however, does not happen in a day. It definitely takes real people acknowledgement.
Credit: Source link