Community Forex Questions
Is XRP good option for 2022?
What is the best cryptocurrency to buy in 2022?
XRP's current price of $0.76 is considered a good entry point, so now is a good time to buy.
Due to its real-world utility as a less costly and more scalable payment, with transactions occurring every three to five seconds, it is a better crypto compared to others in terms of intrinsic value. Over the past month, it recorded 17 of 30 green days, one of the highest totals for February.
A huge factor to consider, however, is its legal case against the US Securities and Exchange Commission. Any update on the case that favors SEC triggers a massive sell-off which makes it a highly volatile investment.
Also, for XRP coin price to multiply by 20x from the current value of $15 a token, it needs to have a $70 billion market cap which is likely not happening even in the next five years.
XRP's current price of $0.76 is considered a good entry point, so now is a good time to buy.
Due to its real-world utility as a less costly and more scalable payment, with transactions occurring every three to five seconds, it is a better crypto compared to others in terms of intrinsic value. Over the past month, it recorded 17 of 30 green days, one of the highest totals for February.
A huge factor to consider, however, is its legal case against the US Securities and Exchange Commission. Any update on the case that favors SEC triggers a massive sell-off which makes it a highly volatile investment.
Also, for XRP coin price to multiply by 20x from the current value of $15 a token, it needs to have a $70 billion market cap which is likely not happening even in the next five years.
May 02, 2022 02:35