I'm being careful not to pass this off as financial advice as I'm not a financial adviser but am happy to give my reasoning as to why I personally believe that XRP is the cryptocurrency to watch.
I first invested in XRP at the end of 2020 on the advice of a friend who had a far greater knowledge than myself of the currency at that time. He had and still has an eye-watering amount invested in XRP and this ignited my initial interest in this crypto 'dark horse'.
The media has relentlessly covered the ongoing legal case between Ripple (XRP) and the SEC and this fact may have blind-sided some potential investors into believing that XRP may be a 'riskier' investment than other cryptocurrencies. Those of us watching closely may beg to differ.
Ripple (XRP) boasts partnerships with an enviable percentage of the world's top banks and is believed by many to be the the future 'bridge currency' of choice in moving large amounts of finance around the globe.
At the time of writing this, I have enjoyed a 300% gain on my original XRP investment DESPITE the aforementioned SEC legal case and the suppression XRP suffers by being de-listed and unlisted on many crypto exchanges but here's the thing that really provokes my interest and why I'm incredibly 'bullish' on XRP...
Should the SEC case be settled with a 'smack on the wrist' fine for Ripple then not only will XRP be re-listed on many exchanges but also CRYPTO TRACKER ETF's such as Bitwise will be throwing investor's money at the currency as mentioned below.
Do I personally believe the SEC case settlement will be a 'slap on the wrist' and that investment will be pouring into XRP at a future date?
Again, I'm not a financial adviser and this is not financial advice but Yes and Yes to the above.
Allied to the above, Ripple have made some very high profile appointments to its ranks and this leads me to believe that they fully intend to be going all out to service their impressive banking partnerships and I believe that XRP, after missing out on the all time highs that other crypto's enjoyed in the last ball run, will see some pretty impressive gains.
Be Careful Who You Talk To About Your Crypto Interests
My Favorite Free Crypto Collecting Faucet And Why
How To Calculate The Tax Due On Cryptocurrency Investments Easily
Join Us Here On PUBLISH0x And Receive Free Cryptocurrencies For Simply Reading Or Publishing Posts: Invite Link