Press "Enter" to skip to content

Why Ripple {XRP} is a rotten investment when paired against Bitcoin {BTC} and Ethereum {ETH}


Ripple is ranked at #3 on coinmarketcap. The price of XRP is at $0.330281 according to the latest available data. XRP dropped by 0.15%, and the trading volume recorded is $999.250 million. It will soon cross the $1 billion mark in a matter of minutes. The circulating supply houses 42,832,704,971 XRP tokens. The total market cap of Ripple is $14.146 billion.

There is a recent article penned a short while back that has been making rounds on the Internet. It lists XRP as a valuable investment opportunity. The reasons involved in such conclusions made by XRP enthusiasts include high adoption rates, involvement of banks, abiding by regulations, and other factors that makes stand far apart from its competitors.

But we musn’t forget something crucial in the process, the token cannot be mined. This is because the whole supply was pre-mined at the start of the initiative, by those responsible. So whatever money goes into the project from potential investors and HODLers, ends up in the pockets of these powerful individuals.

You know, its absolutely fine if you disagree with me. I am not here to change your mind. I just wish to let you know if you are looking for freedom from the authorities, you can always go for Monero and Ethereum, both of which can be mined profitably.

Also, it should be noted that Ripple has not recorded an impressive boost rate since the beginning of January 2018. The price at that time had exceeded the $3 level, but since then this prized cryptocurrency has not been able to establish a proper growth.

Meanwhile, keeps unveiling new solutions, as xRapid gains more followers. It is rumored that Indian Banks may consider the DLT network offered by Ripple in order to carry out faster cross-border transactions at nominal costs.

While BTC transactions times can be slow [Lightning Network has since been released, and transfers can now be instantaneous] , both Bitcoin and Ethereum has grown in the span of the last two years.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.