Investors looking to venture into the cryptocurrency market may want to set their sights on buying alternative crypto assets as opposed to just buying Bitcoin. Bitcoin is coming off of an all-time high of just under $20,000 and currently trades at a price of $8,200. Should Bitcoin return to its previous all-time highs, investors that purchase today will receive an ROI of 140%. That’s not bad if you’re comparing this return to the average returns in the equities market, for example.
But there are many other crypto assets that have the potential for greater ROI should they return back to their original all-time highs. Investors may want to take a closer look at Ripple’s XRP, a blockchain solution that has the potential to revolutionize the banking system as we know it. Currently trading close to $0.70 coming off on an all-time high of just over $3.30, XRP has the potential to gift investors with a whopping 300% return, if the asset makes its way back to its peak. It’s very well possible!
Ripple makes many products backed by blockchain technology with an impressive lineup of clients ranging from big-name banks and well-known payment providers. The goal is to make cross-border payments more efficient for these large banks and payment providers that are sending billions of dollars around the world each and every day. XRP is Ripple’s cryptocurrency that can be used as a payment method, making it much easier for banks and other institutions to send money around the world. It can help reduce the cost of moving large sums of money on a global scale. According to Ripple, XRP should be thought of as a bridge currency between various fiat currencies. The idea is for a person, for example in the United States to convert his/her USD into XRP and send it to the recipient to be converted back to the currency of their choice. This can massively reduce the time and cost of having money stuck in different currencies in accounts at many different banks. Ripple’s products adoption is quickly gaining ground among some major players in the industry. Perhaps the type of momentum XRP needs to once again reach a new all-time high.
The post Bitcoin Is The Religion, But Ripple Would Pack Higher Return appeared first on Statii News.
source http://news.statii.co.uk/bitcoin-is-the-religion-but-ripple-would-pack-higher-return/
No comments:
Post a Comment