yeoboseyo guys,
I was watching cryptocurrency videos the other day mainly to see news and stuff, but in the process I found Youtube channels dedicated all there videos to this altcoin called 'XRP'. Channels like Rob Art have made dozens of videos about XRP coin and how it is the best altcoin or price predictions that make me laugh watching them. So this article is my views and thoughts on XRP.
In 2018, many partnerships were made with XRP, one of these partnerships had the coin go up 70%! But after what the CEO of Ripple Inc. Brad Garlinghouse showed many that he is firstly optimistic about XRP, confident, and he claims many partnerships to come which seems he is too optimistic and always having that attitude in business will just destroy the business because sometimes you need to be cautious, learning, trying to learn what you are not seeing in your business. I believe XRP should focus more on securing positions not only banks.
I see that many cryptocurrencies today have there own discord communities or even on Reddit its much bigger. What worries me about these people that they are too biased to any other coins or even Bitcoin, some claim that it will overtake Bitcoin which is a bit far fetched. Importantly most of them only invest in XRP, in what world do people put all there eggs in one basket, are they really investors or just an over hyped crowd waiting for 500$ XRP coin?
Now back when I invested in Bitcoin in 2016, there were no price predictions as we see today, maybe because people changed overtime or its a new community thing I don't know. But these XRP price predictions I saw are a bit too good to be true in this market, don't get me wrong. I don't want to be like people who missed out on the FANNG or the Stock Market crash, but 500$ XRP? Like I would see in 5 years XRP at 10$ or 20$, but 500$ per coin?
I don't want to break it too many XRP fans, but in old days XRP was already the 2nd rank on coinmarketcap, its that in 2017 the hype for ICOs and coins going 1000% increase made Ethereum's price inflated and that what caused it to surpass XRP. In the future, we might see projects going from rags to riches since any innovative idea and blockchain makes money innovative+blockchain+capital= To the moon.
Now the true potential of XRP in the future is one that stands out a bit from the already dense crypto crowd, XRP could go back to 3$ or even 5$ per which is possible if they keep up there development, connections, partnerships, real world use application, and host events on teaching people what XRP is and that will open doors for adoption of both Xrapid and XRP as a means of sending money around the world in seconds.
Now I don't hate XRP, if anything, having some 5% in it makes some diversification in an already volatile and speculative market, but its that this hype that makes it seem like a short term lottery ticket, only those who keep money in it for a little while makes them a quite bit of profit. I see XRP like a small tree in a garden, if there is a storm coming it waters it and let it grow it roots and leaves but sometimes in the summer in might be hot thus it leaves might experience dryness and feeling dehydration, in autumn all its leaves fall and its attractiveness goes with the wind but in the spring the true investors of XRP will earn the rewards of there prolonged patience. As a Chinese proverb once said,
