XRP (Ripple) vs. Bitcoin

Better Buy: XRP (Ripple) vs. Bitcoin

• XRP-USD
• NVDA
• BTC-USD

Bitcoin (<a href="https://xpertsstudio.com/trump-crypto-empire-faces-scrutiny-49-saudi-linked-stake/” title=”Trump Crypto Empire Faces Scrutiny: 49% Saudi Linked Stake”>CRYPTO: BTC) is the better buy than XRP (CRYPTO: XRP), in my view. XRP has real utility and a far stronger case than many cryptocurrencies, but Bitcoin’s value proposition is clearer and less dependent on one company turning product growth into lasting demand for its token.

Now, admittedly, this is not the same as comparing two stocks, and valuing crypto is extremely subjective. There aren’t really fundamentals to work from. At the end of the day — much more so than stocks — narrative is what matters.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

XRP Ledger has moved $1.7 trillion since 2012

The bull case for XRP deserves to be taken seriously. Sending money across the globe can be a headache — an expensive one. High fees and delays are commonplace — whether you’re an individual or a major financial institution. The reality is that much of the technology that underpins the modern banking system is outdated and inefficient.

Ripple, the company behind the XRP token, is trying to disrupt that system and make things faster and cheaper. The company also reports that the XRP Ledger (XRPL) has processed more than 4 billion transactions, representing more than $1.7 trillion in value since 2012. 

The basic bull narrative is that as Ripple’s payment technology is adopted throughout the banking industry by more and more clients, XRP’s price will rise.

XRP tokens burned total less than 15 million tokens since 2012

The catch is that growth across Ripple’s business and the XRP Ledger doesn’t necessarily create all that much demand for XRP itself. That’s because the token is increasingly being sidelined by Ripple’s stablecoin, RLUSD.

For banks moving money globally, the choice comes down to basic risk management: Why use a volatile cryptocurrency that can drop in value mid-transfer when a dollar-pegged stablecoin does the job just as well? Ripple’s own website makes it clear that they realize this and see RLUSD as the future for its institutional clients — the ones that really matter.

Now, the obvious question here is whether it matters that banks use Ripple’s stablecoin rather than XRP directly. RLUSD transactions happen on the XRP Ledger, and every transaction burns XRP. So, shouldn’t mass RLUSD adoption still lead to XRP appreciation?

Not really. The gas fees that result in the burning of XRP are so minimal, they don’t have a meaningful effect. It’s kind of the whole point of the XRP Ledger. If gas fees were higher and more XRP were burned in every transaction, it would undermine half of the ledger’s core value proposition: that it’s fast and cheap.

Source: finance.yahoo.com