2019-3-1 11:46 |
Ripple (XRP) has left the cryptocurrency world in an absolutely wonderful time and time again. The impressive ability of the world’s 3rd most valued token by market capitalization has left CEOs like Zhao Changpeng of Binance confirming the very pronounced strength of the Ripple XRP fanbase with a tweet affirming that the XRP army is indeed powerful.
Meanwhile, CZ is not the only prominent cryptocurrency personality that thinks of Ripple XRP as a potential cryptocurrency in terms of overall value, last year it was reported that CNBC’s Ran NeuNer had urged cryptocurrency users to boycott both BCH and Bitcoin for Ripple XRP.
As of then, the hashing war had already begun deflating the value of the cryptocurrency market but impressively, Ripple’s XRP was able to pull through with gains that progressively landed it on the second position and pulled Ether to the third.
It is for this reason that many have placed so much value on the inherent value of this token, however, when profit is concerned, XRP seems to have very little to offer once the trading price is considered. This has left users questioning the “inherent value” of Ripple’s XRP and conclusively analyzing the factors surrounding the token’s inability to hit as little as $1.
Ripple (XRP) is living up to standardHowever, as with every other token, the network developers will have a significant effect on the usability and adaptability of the token. With Ripple’s goal to internationally overthrow Swift and become the go-to platform that restructures global banking payments, profitability may have a serious collision with individual traders as the Ripple network intends to make its profits from banks and financial organization.
With this in mind, the Ripple network moves at a centralized path, which further intensifies the disapproval of some cryptocurrency users who strongly oppose centralization and are turning to cryptocurrencies for control; decentralization.
The effects of Ripple’s vision is not as pronounced on traders as it is with exchanges and top organizations and this has consistently posed as a restriction in listing and regulation. Despite having been listed on Coinbase, the underlying question of Ripple as a centralized network still poses as a great hindrance.
In conclusion: The biggest problem Ripple (XRP) might be having, the one that might be having the most indirect effect on its inability to break out in trading price stems from the network’s centralized structure (Ripple Labs), however, with the increasing partnerships and recent Coinbase listing, Ripple’s XRP is headed for a much promising path.
The post What Is Behind Ripple’s (XRP) Inability To Hit $1 appeared first on ZyCrypto.
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