Ripple update: Psychology and XRP
Forget everything about adoption, trade volume, and use cases. XRP will rise in value because of psychology. That’s right, psychology.
When the next Bull Run sets in for the cryptocurrency market, assuming there isn’t a global crackdown on cryptocurrencies (highly doubtful), XRP will rise in value for the following reasons:
1.**FOMO** – Good ol’ FOMO…human beings like making money. Everyone believes that they can be crypto millionaires because of what happened in 2017/beginning of 2018. If they missed their opportunity to buy last time because they didn’t have the funds or couldn’t get their accounts cleared they will certainly rush in this time.
2.**Psychological Pricing** – Sometimes referred to as “Charm Pricing” it’s the reason things are priced at $9.99 instead of $10. Humans are bad at math and they tend to round, I know my girlfriend does this all the time, if something cost $5.97, she says it costs $5. Ripple has retail advantage here because people would much rather buy **6,901 XRP** vs 7 ETH or .5 BTC.
Beyond the purely psychological reasons Ripple has been signing up **xCurrent partners who will hopefully transition over to xRapid**. **Codius** is back up and will help XRP give ETH a run for its money on that front. Finally, **Hyperledger** will help make the whole cryptosphere reach mainstream commercial adoption.
**Bottom line – Good things are coming.**
edit 2: Grammer/typos
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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