Ripple update: How can XRP remain dominant?
So the obvious question to me is, that despite the foreseeable wide-spread adoption by banks of ripple’s technologies to hasten cross-country transactions. Isn’t it very possible banks may choose to abandon the ripple ship in favour of another cousin of ripple? Hence, plummeting the value of this coin we’re so heavily invested in?
For me, I have around 4300 xrp currently at an average price of 57c USD. I hope to lower my average acquisition cost further if ripple goes below 20c. I want to hold till 2020, because BTC is projected to lift off again which may cause XRP to grow too (as XRP is currently dependent on bitcoin’s fluctuations like many other coins).
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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