logo

Is xrp a good investment

Share on facebook
Share on twitter

Is XRP Ripple A Good Investment In 2021 | Cryptocurrencies

135 views | 7 Feb. 2021

Our number 1 recommended

Our number 1 recommended product for earning with crypto:

https://bit.ly/36PF9ZC

Is XRP ripple a good investment in 2021

XRP (also known as Ripple, its parent company) may not be close as common to the average citizen compared to Bitcoin, but by market cap, it is currently the third-largest cryptocurrency.

What is XRP?

In the case of XRP, Ripple, an open-source protocol, is their network (developed by Ripple Labs, more commonly also known as just Ripple).

The primary reason XRP was developed is for it to be used as a token via the Ripple network to enable cross-border currency transfers.

So Is XRP a good investment?

Its low price makes it a great opportunity for investment, and its use as a token for ultra-quick currency transactions with ultra-low fees through the Ripple network has seen its use grow among multinational banks.

Although XRP is a good investment overall, it might not be acceptable for everybody to invest in any investor who really needs to weigh up the pros and cons for themselves.

It does this through RippleNet, an XRP liquidity solution built to make these long and costly transactions a thing of the past.

XRP functions on the network as a token of currency.

If this payment was made on the Ripple network using XRP, however, the result would be slightly more beneficial for Tom.

Instead, at a fraction of the time and expense, the bank could convert USD to XRP, then XRP to GBP.

How is XRP Different From Other Cryptocurrencies?

XRP doesn't run on a blockchain, unlike Bitcoin and other cryptocurrencies.

However, XRP is solely owned by its parent company, Ripple.

XRP is also not mined, unlike Bitcoin and other cryptocurrencies.

XRP Price History.

Any link between the price of XRP and other cryptocurrencies has been pointed out by industry analysts.

During the advent of the COVID-19 pandemic, when stocks collapsed in March 2020, so did the prices of several cryptocurrencies, including Bitcoin and XRP.

The price of XRP plummeted to about $0.15, but after that, prices recovered.

There are other factors that can also affect XRP’s price, which we’ll look at in the next section: the pros and cons of investing in XRP.

The Pros of investing in XRP.

Also, you're not just investing in the currency when you invest in XRP.

It has been claimed that the very fact that Ripple cooperates with financial institutions runs counter to the reason why Satoshi Nakamoto first developed Bitcoin, a decentralized currency free from bank control.

Ripple unveiled its decentralization plan in May 2017 in response to centralization issues, with the goal of making Ripple's XRP Ledger more decentralized than Bitcoin.

Ripple itself has since re-emphasized XRP's decentralized existence, saying:

It definitely looks like a promising future for the cryptocurrency might be on the horizon, with financial institutions requiring more and more liquidity to complete financial transactions, and XRP could continue to provide some of the solutions to the issues associated with that, as discussed in the article.

Interestingly, at the 2019 Future of Fintech Conference in New York, Ripple CTO David Schwartz said that financial institutions are "extremely conservative" and "slow-moving," which may go some way to understand that while there has been a great deal of interest in XRP, actual adoption has been a slow process, and the price has remained very static for some time as such.

#amazingmojo #cryptocurrency #xrpripple

Is xrp a good investment

Share on facebook
Share on twitter

Is XRP worth investing?

2 646 views | 6 Aug. 2020

Support the Channel On

Support the Channel On Patreon

https://www.patreon.com/OzCrypto

Protect your crypto with the Ledger Nano - X (affiliate Link helps to support the channel)

https://bit.ly/2X0Rl1R

Pure VPN: (affiliate Link helps to support the channel)

https://bit.ly/2TIc9h4

Sign-up for a Coinspot account for $10 AUD in bitcoin FREE (affiliate Link helps to support the channel)

https://bit.ly/2V3nCEO

Create your own USB Wallet:

https://youtu.be/UyFaoLRM03A

-------------------------------------------------------------------------------------------------------------

If you enjoy the channel please like, subscribe & share

Follow us on Twitter @ https://twitter.com/OZCRYPTO2

Email us @ [email protected]

If you would like to support the channel

Xrp address

rKfzfrk1RsUxWmHimWyNwk8AoWHoFneu4m

Xrp destination tag

1961789721

-------------------------------------------------------------------------------------------------------------

Neil John

Good to have you back!!

Maurice

#0doubt

JR

Long time no see, thanks.

Aspartico Glutamoche

so happy to ear you again!!!

Ioannis Gatos

Worthless investment? yes it is for sure.....

shaun lloyd

Hi OZ, i was just asking Jungle inc last week about you, good to see you back,

Stan Ley

You got any vet

nk41967

A simple answer: NO

Support Admin

Nice room bud !
Better than the prev setup.

Christopher Guleff

Always glad to hear your perspective . . . thank you.

V Dan

Hey Oz, can you please explain the following? Once xrp has been used for the transfer of liquidity, the receiving end would have cashed out and will no longer need it. Will the xrp just go back to the market? And since the transfers literally only take seconds, xrp will be used and sold quickly. Why would the coin be in demand? There's plenty of supply

DigitlInfrmr

Thanks Oz good to see you back friend

Evan Tyler

I started off 2 months ago. Btc is the most profitable token and dwarfs all the altcoins. I'm leveraging off the copy trading strategy for beginners. On the platform, Mr. Giovanni is my host. You can connect with him for more valuable insights and assistance on trading and investing.

Crypto MAVERICK

Jed Mcaleb burns a 16mil XRPs a quarter holds the price down

Bengt Petersson

Welcome back :)

Specul8r

Welcome back Oz!!

Sac Towner

Btw, your insight around 10:00 in regarding the comparison of the US housing crisis to today is spot on.

Steve Crypto

Welcome back cobber!

d b

Great info - thanks ?!!

JR

I've been blindly throwing in all my money into BTC, XRP, Link, BNB, OMG, ETH, for over 3 years. I would be OK if it went to zero as I've already taken some profits, bought a new car etc.

Cstewart1022

??Nice to see you again!!! TY!!!??

Thomas Snipes

Good to have you back!!

Robert Pemberton

I remember the 12" floppy disks

Huey

Looking clean and sharp!
Hope all is well and thank you for your Efforts!

Alan Dunstan

?

1Bigtree

Holy moly, was wondering just the other day what oz is doin now, thanks for gracing us with your presence , missed ya cheers!!

Sac Towner

Hey OZ! Great to hear from ya, hope all is well. And the answer is YES ?

steve leblanc

Glad you're back sir.

Sean Gregory

Good to see you're thriving!

Evan Tyler

BTC to the moon?

MAC theLion

Good day mate

Stan Ley

Were you been lol

The Scope

{ mid August 2020 } anyone else get their hands on any 'LINK' coins (ChainLink) managed to get about 1,200 LINK coins at an average of about AUD$12.50 / AUD$13.00 per 1 coin , planning to hold long term (until November 2024 and maybe even November 2029 or maybe even November 2034)

Hussam Almerzen

You are the best YouTuber . You seem that u did lot of research. Thank you man

Larry santos

FYI: That “up there in the cloud” comment > there is no cloud...it’s a server ( maybe in some guys basement for all we know, lol) I am totally serious!

Thor Bellamy

Great to have You back !

Kon Tiki

long story short - is XRP worth investing? Yes. Do your own research.

Mark Boesen

Yes it is worth it I have xrp

XR People

Great video from a sensible perspective. No hype just facts, happy to see you making videos again

Santi Prastiwi Komariyah

I find the greatest platform for investating glad to hear that XRP is the one of good platform
Now the time to know that Velas will have a big update on their project as soon as possibble
But its still a secret

Ali G

Great to see you back OZ ?
Cheers to your new home ?

JayKillXRP

Miss your vids.

Holley Molley

Wheres ur bin, good to see you back

Burnzie

G'day Oz. hope your safe and well

Is xrp a good investment

Share on facebook
Share on twitter

Is XRP really Bullish? Is Bitcoin Bearish? Is Voyager a great investment?

108 views | 30 Jan. 2021

In this video, we cover

In this video, we cover how to trade as if you're going to 100% lose and what are key price levels for XRP, Voyager and Bitcoin. We have some exciting times ahead of us. We must be level headed and patient. Be safe, stay focus, and continue working your plan. #xrp #voyager #bitcoin #btc #bullish #bearish #trade

Wealth Mindset AAA

Everything you do matters. In 2012, I applied to a US exchange program. I got in, but not at my preferred school. I was the only German going to that particular school. I went. Unlike the other participants, I had lots of time after finishing my assignments. I read a lot. A friend sent me a link. I clicked it. I fell in love with blogs. I kept reading. Two years later, I started my own. Random sequence or perfect order of events? Both. But everything you do matters regardless.