The stars seem to be in line with cryptocurrency investors. After the election of the Ministry of Finance and the Securities and Exchange Commission (SEC) chairman (SEC), the recent presidential orders have revealed to the market that the US government has shifted to the attitude of parental authority.
Buzz promoted bitcoin to a new high, but the real winner was XRP. (Crystal: XRP)。 Crypto Token’s price has risen about 500 % in the past year, mostly occurring in the past few months. It is attractive to discard Bitcoin, the largest and most widely known encryption for more exciting ones.
So, should investors go ahead of Bitcoin and take the XRP momentum instead?
This is what you need to know.
The price of cryptocurrency ultimately depends on demand and supply. Coins become viral and enjoy temporary spikes, but recruitment in the real world is the key to promoting stable demand to support the long -term price of tokens. XRP is a token of Ripple Ledger, a blockchain technology used for transactions across borders.
Currently, sending money from a country to another country includes an international bank network (or a few days) to verify and transfer funds. Using a ripple, someone can exchange the currency with the XRP, transfer it, and exchange it for another currency in a few seconds. This is a powerful use case that is important in the real world.
In 2020, the Securities and Exchange Commission complained of Ripple Labs, an XRP developer to sell XRP tokens, and argued that the company had violated the securities law. Ripple Labs made a significant advantage last year, but the ongoing appeal process threatened the price of tokens, threatening Ripple Labs and XRP, threatening the shroud draud lab and XRP.
Investors have purchased XRP in hopes that SEC will end the battle due to the new SEC leadership and the potential shift to the currencies policy of the custody conference.
It is attractive to chase a glossy object, and XRP has a legitimate long -term possibility if it can be deeply integrated into global payments. However, investors should not hurry to abandon bitcoin.
Bitcoin takes important measures under the new US government, and President Donald Trump’s recent presidential orders on digital assets have shown potential creations of federal stockpiling. The order was explicitly named Bitcoin, but it was the largest cryptocurrency, a market capitalization of $ 2 trillion, and then a market capitalization of about 5 times the larger Ethereum. It is difficult to imagine the government strategy of digital assets that do not include bitcoin.
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