Ripple’s XRP Coin and Cryptocurrency Investors: What’s The Future Hodl?
The cryptocurrency market has taken a hard fall this year in 2018; Ripple has been hit harder than any of them. Now the cryptocurrency sphere is curious about what’s happening with XRP. It seems that investors are giving the tokens the proverbial cold shoulder, too scared to invest in crypto that is considered uncertain by some. The cryptocurrency market is volatile; everyone knows that – but what happens when it is seen as a massive opportunity by everyone? Once it happens, the market will explode, along with the cryptocurrencies still considered top dogs within it.
Even though some are scared to invest with Ripple, the currency is still considered to be the fastest crypto for transferring money. Ripple users can exchange funds instantaneously without the issues you find with Bitcoin or other cryptos.
Ripple’s speedy transaction time is why Weiss ratings are claiming it should be featured on Binance. It makes sense, as does their request to see the currency skip the hassle of going through another currency.
Even so, cryptocurrency has been stuck in a rocky patch. The market has been dropping by tens of billions in a matter of days. Even Bitcoin has not hit the record highs as predicted by many investors earlier this year. Ripple has dipped considerably as well; it has also been labeled a false cryptocurrency by some. It’s almost like panic has set in on the cryptocurrency market, and the downturn is hitting XRP the hardest. Ethereum took a heavy him as well, in a market that is run by people who sell on lows. As for Ether, the sudden decline may be due to the fact it has officially been judged not to be a security by the SEC.
Token labels are one of the problems haunting the industry. Until committees decide on what type of token each company is selling, it’s going to be hard for crypto to gain a solid footing. Still, the high-ups at Ripple believe the company has a solid road of success ahead of it. The company’s confidence in the token is also sound, meaning the team isn’t pulling any stops with the remainder of 2018. They are even looking to China for targeting purposes, seeing the power of the market in the country as one of the strongest.
Anyone who is investing in XRP should feel safe and secure; the currency is branching out from the American market. And even though there are some ups and downs, Ripple is taking a different approach than most other companies. Hopefully, their plan will help the XRP gain some value back before we hit the first quarter of 2019.