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XRP occupies a special position in the world encryption ecosystem. Crypto assets are known for their cost-effective infrastructure and are popular among financial institutions around the world. Although the digital currency lags behind other major altcoins in terms of price increases in 2021, XRP has received full support from large investors in the past 12 months.
XRP is one of the oldest crypto assets. Cryptocurrencies have experienced extreme price fluctuations in the past 4 years. In January 2018, XRP hit a record high, exceeding US$3.50. During the crypto market sell-off in 2018, the digital currency hit a low of nearly $0.20. Until December 2020, the trading price of XRP was between US$0.20 and US$0.70. However, the biggest challenge for cryptocurrencies came in the second half of December last year, when the SEC filed a lawsuit against Ripple and its executives. XRP lost nearly 60% of its value in the last two weeks of 2020.Even in the most difficult circumstances, long-term investors have invested billions of dollars in it Digital assets.
Year-to-date, XRP has risen by approximately 280%, and it is still one of the best performing digital assets in the top 10. Crypto whales played an important role in the price increase of XRP in 2021.In the past three months, the XRP Whale accumulation Up to 200 million coins. Addresses holding 1 to 10 million coins now have a staggering 3.31 billion XRP. Although digital assets are expected to close at a market value of US$40 billion this year, the price increase and market value of cryptocurrencies such as Solana and Cardano have surpassed XRP. So why do long-term investors still support XRP? Finance Magnates asked crypto experts about their views on digital assets.
XRP discount?
Many investors believe that XRP is currently trading at a steep discount, and the price of digital assets seems to explode in 2022. , And the most prestigious coin today. Many people think that the current price of XRP is a huge discount compared to its $3.84 ATH, and the current community believes that it will surpass it in the near future. In addition, an important factor affecting the price of XRP/USD is Ripple’s monthly XRP sales. If they do not, the price of XRP will exceed $5. “OneBoost executive chairman Ilman Shazhaev explained.
Ripple and the Securities and Exchange Commission
U.S. Securities and Exchange Commission Lawsuit against Ripple In the past 12 months, this has caused several problems for crypto assets. Although prices have jumped to pre-litigation levels, the settlement agreement will provide a significant boost. “In terms of community diversity, XRP is one of the oldest and most mature tokens. The token is currently negatively correlated with the strength of its price, which can be attributed to a court duel with the US Securities and Exchange Commission’s Ripple. The case is expected to end in 2022, and many investors believe that the token will gain new growth drivers,” said Sven Wenzel, co-founder of Castello Coin, based in Switzerland.
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The global adoption of XRP has played a key role in the confidence of its long-term holders. Johnny McCamley of CryptoClear believes that XRP is bridging the gap between CBDCs. “In the long run, XRP is an excellent investment. Due to the team, technical maturity and practical use cases, we at CryptoClear include one of the 15 projects in our dollar cost averaging plan (DCA plan) for a long time. We are considering investment Time, real-life use is our main focus: in the case of XRP, there are many, we will focus on the one that is highly relevant to today’s environment [that] XRP is an ideal crypto asset that bridges the gap between various central bank digital currencies (CBDC). The digital asset industry has finally matured to the point that CBDC is now a question of when it is not IF,” he commented.
“Since the SEC filed a lawsuit against the company in December 2020, Ripple has been punished. However, large companies and financial entities still believe in the direct application of XRP and Ripple,” said Joaquim Matinero Tor, Blockchain Assistant at Roca Junyent.
XRP occupies a special position in the world encryption ecosystem. Crypto assets are known for their cost-effective infrastructure and are popular among financial institutions around the world. Although the digital currency lags behind other major altcoins in terms of price increases in 2021, XRP has received full support from large investors in the past 12 months.
XRP is one of the oldest crypto assets. Cryptocurrencies have experienced extreme price fluctuations in the past 4 years. In January 2018, XRP hit a record high, exceeding US$3.50. During the crypto market sell-off in 2018, the digital currency hit a low of nearly $0.20. Until December 2020, the trading price of XRP was between US$0.20 and US$0.70. However, the biggest challenge for cryptocurrencies came in the second half of December last year, when the SEC filed a lawsuit against Ripple and its executives. XRP lost nearly 60% of its value in the last two weeks of 2020.Even in the most difficult circumstances, long-term investors have invested billions of dollars in it Digital assets.
Year-to-date, XRP has risen by approximately 280%, and it is still one of the best performing digital assets in the top 10. Crypto whales played an important role in the price increase of XRP in 2021.In the past three months, the XRP Whale accumulation Up to 200 million coins. Addresses holding 1 to 10 million coins now have a staggering 3.31 billion XRP. Although digital assets are expected to close at a market value of US$40 billion this year, the price increase and market value of cryptocurrencies such as Solana and Cardano have surpassed XRP. So why do long-term investors still support XRP? Finance Magnates asked crypto experts about their views on digital assets.
XRP discount?
Many investors believe that XRP is currently trading at a steep discount, and the price of digital assets seems to explode in 2022. , And the most prestigious coin today. Many people think that the current price of XRP is a huge discount compared to its $3.84 ATH, and the current community believes that it will surpass it in the near future. In addition, an important factor affecting the price of XRP/USD is Ripple’s monthly XRP sales. If they do not, the price of XRP will exceed $5. “OneBoost executive chairman Ilman Shazhaev explained.
Ripple and the Securities and Exchange Commission
U.S. Securities and Exchange Commission Lawsuit against Ripple In the past 12 months, this has caused several problems for crypto assets. Although prices have jumped to pre-litigation levels, the settlement agreement will provide a significant boost. “In terms of community diversity, XRP is one of the oldest and most mature tokens. The token is currently negatively correlated with the strength of its price, which can be attributed to a court duel with the US Securities and Exchange Commission’s Ripple. The case is expected to end in 2022, and many investors believe that the token will gain new growth drivers,” said Sven Wenzel, co-founder of Castello Coin, based in Switzerland.
use
The global adoption of XRP has played a key role in the confidence of its long-term holders. Johnny McCamley of CryptoClear believes that XRP is bridging the gap between CBDCs. “In the long run, XRP is an excellent investment. Due to the team, technical maturity and practical use cases, we at CryptoClear include one of the 15 projects in our dollar cost averaging plan (DCA plan) for a long time. We are considering investment Time, real-life use is our main focus: in the case of XRP, there are many, we will focus on the one that is highly relevant to today’s environment [that] XRP is an ideal crypto asset that bridges the gap between various central bank digital currencies (CBDC). The digital asset industry has finally matured to the point that CBDC is now a question of when it is not IF,” he commented.
“Since the SEC filed a lawsuit against the company in December 2020, Ripple has been punished. However, large companies and financial entities still believe in the direct application of XRP and Ripple,” said Joaquim Matinero Tor, Blockchain Assistant at Roca Junyent.
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