XRP (RIPPLE) JUST HIT $1, NOW WHAT?
If you’ve been following cryptocurrency for the last 10 years then you would’ve heard the name Ripple or XRP for short. During these last few months, we have seen the explosion of meme investing and the influence it can do to the market. After the event with robinhood and gamestop, people started looking for other ways to invest their money.
Similar to what happened in 2016, crypto have exploded in popularity at the beginning of 2021. Now more then ever, young people and adults alike is looking to get in on the cryptocurrency action.
What is RIPPLE (XRP)?
Ripple is a payment platform that claiming to settle transactions within 4 seconds, and handles 1,500 transactions every second.
There’s claims saying that XRP could rival bitcoin with how similar their networks are.
WHY DID RIPPLE HIT $1 AND WHAT HAPPENS NOW?
XRP has a market cap of $100B and almost half of it have been mined. This means that the value of the coin will increase because of its scarcity. The same is happening with bitcoin and all other popular currencies.
Notable coins such as enjin and tron is making a huge come back, along with litecoin and the infamous dogecoin.
XRP hitting $1.00 is a huge milestone because it signifies that the volume of people trading the coin has increased, and that the coin has potential to rival even bitcoin in terms of pricing.
With US institutions getting there hands into the cryptocurrency market, there a chance that we may see big changes as digital currencies start to make their way into our daily lives.
Remember, it pays to hodl.
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