Post
Topic
Board Speculation (Altcoins)
Re: XRP - yes or no?
by
Abiky
on 17/04/2024, 17:45:46 UTC
With this kind of action for how many years now? is this what we can call a currency that has a better future?

https://coinmarketcap.com/currencies/xrp/

have seen this growing in the past , but with all the issues have this team facing? i don't know if this is still worth a trust for long term , because why should I choose this over better functioning project now?

no i will not let my funds stock and be at risk this long.

The problem with XRP is that it's too centralized. Maybe if it was decentralized, it would've been a huge success by now. The current state of the XRP Ledger, allows the US government to enforce regulatory action at will. Ripple, Inc. is going to have a hard time battling against "Uncle Sam", unless it decides to step down from the XRP project. By leaving it in the hands of the community, the cryptocurrency can reach new heights. Otherwise, expect market prices to stagnate for as long as it lives. Not even a bull market will save it.

You can see how the recent BTC "pump" had little to no effect over XRP's price. The coin is struggling to reach $1. It reached a little more than $3 a few years ago, but hasn't gone back ever since. There are far better options on the market. Instead of XRP, why not choose a decentralized alternative like XLM? Grin