Should you forget Bitcoin and buy XRP (ripples)?
Stars seem to be consistent with cryptocurrency investors. The election of the Secretary of the Ministry of Finance and the Chairman of the Securities and Exchange Commission (SEC) (SEC) is nominated after the election, and the recent administrative order has clearly stated to the market that the U.S. government is transferring to a more pro -Cytto position.
Buzzing Bitcoin For the new high, the real winner has always been XRP (Encrypted: XRP)Essence In the past few months, the price of cryptocurrencies has increased by about 500 %, most of which have occurred in the past few months. For more exciting things, you can dump Bitcoin (the largest, most well -known cryptocurrency) may be very tempting.
Therefore, investors should continue from Bitcoin, and the momentum of riding XRP?
This is what you need to know.
The price of cryptocurrencies eventually relies on supply and demand. Coins can spread and enjoy temporary peaks, but the adoption in the real world is the key to promoting the stable demand for long -term prices to support token. XRP is the token of Ripple Ledger. Ripple Ledger is a blockchain technology for cross -border transactions.
At present, from one country to another country, it involves an international banking network (SWIFT), which may take several hours (even a few days) to verify and transfer funds. Using Ripple, someone can replace its currency with XRP, transfer it and exchange it to another currency within a few seconds. This is a powerful case with significant realistic value.
In 2020, the Securities and Exchange Commission sued the XRP developer, Ripple Labs, to sell XRP token, accusing the company that violated the securities law. Ripple Labs won a favorable ruling last year, but the continuous appeal procedure threats to float Ripple Labs and XRP in uncertainty, which suppress the price of token.
With SEC's new leadership and potential transfer to intimate monetary policy, investors are buying XRP, and SEC is expected to try to end its battle.
Chasing the shiny objects is very attractive. If XRP can be integrated into global payment more, it has reasonable long -term potential. However, investors should not rush to give up Bitcoin.
Under the leadership of the new US government, Bitcoin can take major steps. President Donald Trump's recent administrative order on digital assets shows that federal stocks may be established. The order does not specify Bitcoin, but so far, it is still the largest cryptocurrency, with a market limit of $ 2 trillion, about 5 times EthereumSecond. It is difficult to imagine the government strategy that does not include Bitcoin's digital assets.