Having the 4th highest market capitalization in the crypto ecosystem, XRP is one of the most controversial projects. Contrary to the majority of cryptocurrencies, XRP adopts a B2B (business - to -business) model for its main services. Since 2018, the project has been seen as the trojan horse in the ecosystem by being against the ideology of shaping a peer - to - peer future.
Though the project has many haters, it is also one of the few ones with real world use cases. The company behind XRP, Ripple has established several partnerships with banks and companies for the transactions on the chain. Currently, the services available are stretched from crypto custodial to stablecoin, too.
Having the worst era of its entire time, XRP has found the light at the end of the tunnel with the new crypto friendly approach in the U.S. The project was mocked severely during the long time when the value of XRP was stuck between $0.4 - $0.6 for ages. However, it might be the best time for the project to shine brighter!
The primary selling pressure on the coin was the SEC case and the FUD around Ripple. Now, Ripple cross appeal wth the SEC and the only reason why XRP ETFs were not introduced can be over.
The institutional investors' approach will be quite welcoming to the new ETFs for a B2B project with 4th highest market cap in the crypto ecosystem. If Ripple can maintain the good relationships with policymakers and governments around the world, we may see unimaginably high valuations of the project in an altseason.
The stablecoins might be the most essential crypto party in the market after Bitcoin. The governments have realized the most contemporary method to sell their bonds via blockchain. Crypto is here to stay and the growth is likely to be exponential.
USDT, USDC, and their young brother RLUSD will be a great tool to have automatic customers who are expected to hodl a certain percentage of government bonds as collateral. As far as what we have seen, the stablecoins will have a brand new duty to support both the growth of crypto and the government funds in the near future.
XRP will definitively be one of the main characters in the crypto revolution. Once the regulatory ground is prepared, we may find ourselves in a new crypto world with different dynamics.
What do you think about the updates on XRP's side?
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