There have been lots of things happening around XRP for the past few months. Initially, there was a FOMO for the new airdrop that happened on 11th December. Till then the price of XRP tokens pumped and as expected after the snapshot date was reached, the price dropped slowly. Then came the Ripple drama. Honestly, I did not pay enough attention to what happened exactly. But I came to know that there were lots of dumping happening.
There are so many misconceptions around Ripple and XRP. Again, I'm not going to go deep into those things right now. Yesterday I read an interesting piece of comparison between Ripple and XRP which gave enough clarity that Ripple is not XRP and the decisions made by Ripple will not destroy XRP. This gave me enough confidence to hold the tokens for another few years. There have been lots of changes in the price of XRP tokens in the last few years.
I bought XRP when the price was at its peak. I guess I bought it when the price was almost 1 to 2 USD. Since then, I have been holding my XRP for the past 3 years. My intention is not to get some quick bucks out of it but to just hold them until it reaches a considerable value. When I bought the tokens my intention was to hold them for at least a minimum of 5 years. I held them already for 3 years and 2 more years to go. Today my heart is saying that I should hold them for another 5 more years even if there is no change in the price or if there is much drama around it.
When people create lots of false hopes around so many cryptocurrencies, I believe XRP has a decent potential to be a good profitable currency in the years to come. I also inspired some of my friends to purchase XRP and hold them for a decent period. When we all started investing the price was at its peak. The expectation was heavy and people thought it would be a great investment. I still stick to that thought considering the use cases XRP has.
From what I read recently Ripple is not XRP and the decisions made by Ripple will impact the price of XRP but it will definitely not destroy XRP completely. Ripple is just one use case for XRP and on the big picture many experts see great potential on XRP tokens and we all know that it is one of the top traded cryptocurrencies, if we look at the market cap.
Posted Using LeoFinance Beta
