XRP Token Wins Investors’ Sympathy
Main page Analytics, Ripple, Crypto Market, Cryptocurrency
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Oct. 15, 2018
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According to a recently conducted survey by Weiss Ratings, the leading provider of autonomous, impartial, and confided crypto ratings and stocks, a decent number of voters had vouched for XRP as the best shoddy crypto to put resources into. It turned out that the Twitter community considers investing in a digital currency such as XRP from Ripple as the best investment in virtual tokens, worth less than $1.

Time to Focus on Ripple & XRP?

Among 5,726 twitter users that took part in the survey, 64% preferred XRP cryptocurrency, which indicates a clearly positive attitude to the digital token, which until recently was not accepted by the crypto community because of its centralization.

Twitter users preferred to choose XRP among four digital currencies. So, the XRP token won 64% of the vote, while only 25% chose a Cardano (ADA) coin to invest in. At the same time, Stellar Lumen (XLM) became the third most popular token with 8%. IOTA became the last cryptocurrency, with only 3% of respondents voted for it.

Meet Ripple CEO Brad Garlinghouse

This result is a sign of a great work done by the Californian blockchain startup aimed at promoting the digital currency XRP, which is currently of interest both to companies and to private investors.

Recently, the market capitalization value of XRP several times was overdoing the total market cap of the Ethereum, moving temporarily from the third to the second position in the cryptocurrency rating.

It is worth noting that the latest data from the Weiss Ratings report shows that the XRP token rating also increased, moving from C+ to B-.

Currently, XRP is trading at a price of $0.45, while just a month ago the cost of the token did not exceed $0.28. The market capitalization is above $18 billion, with a daily trading volume of $920 million. Over the past 24 hours, the price of digital currency has raised, gaining about 7% to its value.

Ripple Unleashes xRapid Transaction Solution

Among the recent factors that helped XRP to stand upright on its positions are the launch of xRapid - Ripple’s new solution for real-time cross-border transfers using XRP as a binding currency. The platform was designed to speed up international payments. Due to the liquidity and technological features of XRP cryptocurrency, the service allows you to make transactions faster and cheaper than it happens in traditional payment systems.

Ed Metzger, the Head of Innovation at Santander, leading Spanish bank that among the first started to adopt blockchain into their system, praised Ripple’s technology on how it has effectively improved the lives of their customers. Earlier, Santander Bank conducted the transaction beta tests using RippleNet. In the early stages of testing, Santander Bank discovered a significant increase in the speed and transparency of payments, in contrast to the traditional banking system. Currently, the bank plans to use Ripple Net as an alternative payment method for future transactions.

Ripple supporter has even created a petition on Change.org, to collect signatures, so that the International Olympic Committee (IOC) would make XRP the official cryptocurrency of the next summer’s Olympics that will be held in Tokyo.

For the record, in a recent interview, Cory Johnson, Ripple’s new chief market strategist, says that Ripple is also a better choice for the current American administration, as no Chinese miners are controlling it.

“The White House, in particular, seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China,” he stated.

XRP cryptocurrency is not mineable, as the consensus is achieved with the Proof-of-Stake protocol. “There is no mining, so from a foreign-control aspect or from an environmental aspect, XRP is a very different beast.”

According to Johnson, the Trump administration understands that and thinks it’s important. Isn’t it another key to the future success of the company?

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