Is Ripple A Good Investment?

Posted by admin on January 24, 2021



Is Ripple A Good Investment?

Is Ripple A Good Investment?

Ripple just might be the missing piece in your investment portfolio. Here’s why you might consider investing in Ripple, the pros and cons, and what exactly to look for.

Before investing in Ripple, it’s vital that you understand what it is that you’re getting into. Ripple is not just another form of currency, like Litecoin or Bitcoin, but a new kind of payment protocol intended to streamline international and cross-border payments around the world.

Ripple isn’t your average cryptocurrency. Instead, it offers something entirely different from every other type of digital currency. And while this presents a solid investment opportunity, it’s vital that you understand what Ripple is, what it does, and any potential red flags to look out for as a speculator.

If you want to buy or invest in Ripple XRP quickly and easily, with 0% commission, check out eToro Exchange!

The Pros of Investing in Ripple

pros of ripple

What are the benefits of investing in Ripple?

Lots of crypto-analysts and speculators think Ripple has a big future, making it an attractive option for new and established traders. So here’s a quick look at the pros of investing in Ripple.

✅ It’s Affordable

Ripple is currently trading at $0.26 per coin. In other words, it’s cheap compared to its previous high level in 2018! You can pick up a serious amount of Ripple for less than a few hundred dollars. while even a smallish punt of $50 would get you more than 200 coins.

Ripple hit an all-time high of above $3.10 in 2018, but some market analysts believe it will push beyond the $1,000 barrier within the next 10 year. Other predictions are far more optimistic. So given its low price and increasingly mainstream appeal, snapping up some Ripple is a relatively low-risk option with the potential for a big return on investment.

✅ It solves problems and creates opportunities

Ripple solves problems for large financial institutions. It also speeds up the flow of capital, which is excellent for the economy. But Ripple could work for small business owners, too. If it becomes widely adopted, the Ripple platform will provide millions of sole traders and entrepreneurs with access to the global economy.

✅ Market Cap of Ripple

With a market cap of $25.9 billion., Ripple is the world’s third-biggest cryptocurrency. A large market cap is a strong sign of investor confidence and makes the asset more resistant to volatile market cycles or dips.

✅ Ripple isn’t just another cryptocurrency

Ripple is more than a cryptocurrency or technology; it’s a fully-fledged company. Ripple Labs Inc has over 500 full-time employers, including public relations and marketing specialists who promote the technology to banks, investors, new users , and the public.

The Cons of Investing in Ripple

cons of ripple

 

Like any investment, putting your money into Ripple isn’t risk-free. So here’s what you should know about the risks of investing in Ripple.

❌ There won’t be any more new Ripple

There will only ever be 21million Bitcoins. And while the amount of Ethereum is limitless, the production will slow down over time. This limited supply could push up demand in the future, leading to big price increases and bigger profits for early investors. Ripple is different. All the XRP coins are pre-mined and already in circulation.

❌ Ripple owns a massive share of XRP

 Ripple Chairman Chris Larsen owns around a third of all XRP. Ripple CEO Brad Garlinghouse also holds a significant amount, as do other senior board members. With so much XRP concentrated in just a few hands, there’s a chance the price may be overinflated.

❌ It’s not decentralised

For blockchain purists, XRP isn’t a ‘real’ cryptocurrency.  Many argue that it goes against the principles of decentralisation and economic autonomy. Unlike Bitcoin, which is mined and then exchanged anonymously between users, Ripple was specially designed for the banking and finance industry. Its primary purpose is to solve issues within the banking industry, rather than revolutionise the way ordinary people exchange or store value.

Allocation of Altcoins

Unlike Ethereum and Bitcoin, all of Ripple’s XRP coinage is premined, meaning that no more coins will be released to the market. This has resulted in its developers owning a substantial percentage of them (Ripple chairman, Chris Larsen, currently holds almost a third of all XRP), which is a concern, as it runs counter to the idea of decentralisation which is core to the cryptocurrency philosophy.

❌ Strong Rivalry

Ripple’s biggest rival is SWIFT, currently the largest international payment network and the preferred choice of some 11,000 financial institutions. Ripple will need to convince the notoriously Luddite banking sector that its payment protocols offer a better, quicker, and safer solution than SWIFT.

Conclusion: So is Ripple a Good Investment? 

Most investments come down to the risk vs reward factor. In other words, do the potential rewards outweigh the possible consequences of the risks?

Ripple certainly has some risk factors. The founders hold a large number of coins, it’s still a long way from challenging its main market rival, and it’s not the most popular technology for blockchain purists.

Have you considered investing in Ripple?

On the other, Ripple is becoming more and more mainstream and has the backing of some major financial institutions.

Plus, the current price is a low barrier of entry for crypto newcomers, as well as a good opportunity for established investors to diversify their portfolio without taking a large amount of value out of other assets.

Put simply, Ripple is low-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding it to your portfolio.

The real Ripple investing question then, does it really work? If you’re willing to invest the time and energy, then for you, it could well do.

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Is Ripple A Good Investment?

Posted by admin on January 24, 2021

Ripple


Is Ripple A Good Investment?

Is Ripple A Good Investment?

Ripple just might be the missing piece in your investment portfolio. Here’s why you might consider investing in Ripple, the pros and cons, and what exactly to look for.

Before investing in Ripple, it’s vital that you understand what it is that you’re getting into. Ripple is not just another form of currency, like Litecoin or Bitcoin, but a new kind of payment protocol intended to streamline international and cross-border payments around the world.

Ripple isn’t your average cryptocurrency. Instead, it offers something entirely different from every other type of digital currency. And while this presents a solid investment opportunity, it’s vital that you understand what Ripple is, what it does, and any potential red flags to look out for as a speculator.

If you want to buy or invest in Ripple XRP quickly and easily, with 0% commission, check out eToro Exchange!

The Pros of Investing in Ripple

pros of ripple

What are the benefits of investing in Ripple?

Lots of crypto-analysts and speculators think Ripple has a big future, making it an attractive option for new and established traders. So here’s a quick look at the pros of investing in Ripple.

✅ It’s Affordable

Ripple is currently trading at $0.26 per coin. In other words, it’s cheap compared to its previous high level in 2018! You can pick up a serious amount of Ripple for less than a few hundred dollars. while even a smallish punt of $50 would get you more than 200 coins.

Ripple hit an all-time high of above $3.10 in 2018, but some market analysts believe it will push beyond the $1,000 barrier within the next 10 year. Other predictions are far more optimistic. So given its low price and increasingly mainstream appeal, snapping up some Ripple is a relatively low-risk option with the potential for a big return on investment.

✅ It solves problems and creates opportunities

Ripple solves problems for large financial institutions. It also speeds up the flow of capital, which is excellent for the economy. But Ripple could work for small business owners, too. If it becomes widely adopted, the Ripple platform will provide millions of sole traders and entrepreneurs with access to the global economy.

✅ Market Cap of Ripple

With a market cap of $25.9 billion., Ripple is the world’s third-biggest cryptocurrency. A large market cap is a strong sign of investor confidence and makes the asset more resistant to volatile market cycles or dips.

✅ Ripple isn’t just another cryptocurrency

Ripple is more than a cryptocurrency or technology; it’s a fully-fledged company. Ripple Labs Inc has over 500 full-time employers, including public relations and marketing specialists who promote the technology to banks, investors, new users , and the public.

The Cons of Investing in Ripple

cons of ripple

 

Like any investment, putting your money into Ripple isn’t risk-free. So here’s what you should know about the risks of investing in Ripple.

❌ There won’t be any more new Ripple

There will only ever be 21million Bitcoins. And while the amount of Ethereum is limitless, the production will slow down over time. This limited supply could push up demand in the future, leading to big price increases and bigger profits for early investors. Ripple is different. All the XRP coins are pre-mined and already in circulation.

❌ Ripple owns a massive share of XRP

 Ripple Chairman Chris Larsen owns around a third of all XRP. Ripple CEO Brad Garlinghouse also holds a significant amount, as do other senior board members. With so much XRP concentrated in just a few hands, there’s a chance the price may be overinflated.

❌ It’s not decentralised

For blockchain purists, XRP isn’t a ‘real’ cryptocurrency.  Many argue that it goes against the principles of decentralisation and economic autonomy. Unlike Bitcoin, which is mined and then exchanged anonymously between users, Ripple was specially designed for the banking and finance industry. Its primary purpose is to solve issues within the banking industry, rather than revolutionise the way ordinary people exchange or store value.

Allocation of Altcoins

Unlike Ethereum and Bitcoin, all of Ripple’s XRP coinage is premined, meaning that no more coins will be released to the market. This has resulted in its developers owning a substantial percentage of them (Ripple chairman, Chris Larsen, currently holds almost a third of all XRP), which is a concern, as it runs counter to the idea of decentralisation which is core to the cryptocurrency philosophy.

❌ Strong Rivalry

Ripple’s biggest rival is SWIFT, currently the largest international payment network and the preferred choice of some 11,000 financial institutions. Ripple will need to convince the notoriously Luddite banking sector that its payment protocols offer a better, quicker, and safer solution than SWIFT.

Conclusion: So is Ripple a Good Investment? 

Most investments come down to the risk vs reward factor. In other words, do the potential rewards outweigh the possible consequences of the risks?

Ripple certainly has some risk factors. The founders hold a large number of coins, it’s still a long way from challenging its main market rival, and it’s not the most popular technology for blockchain purists.

Have you considered investing in Ripple?

On the other, Ripple is becoming more and more mainstream and has the backing of some major financial institutions.

Plus, the current price is a low barrier of entry for crypto newcomers, as well as a good opportunity for established investors to diversify their portfolio without taking a large amount of value out of other assets.

Put simply, Ripple is low-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding it to your portfolio.

The real Ripple investing question then, does it really work? If you’re willing to invest the time and energy, then for you, it could well do.

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