Several people have asked me what cryptocurrencies I'd go long on. My answer is Ripple's XRP.
Here's why: First, I believe XRP is undervalued because it is currently heavily held/used in Asia - particularly in South Korea, and I believe it will eventually develop a similar footprint in the US. For example, I think it's a strong contender as the next coin to be added to CoinBase.
Second, I think XRP has an advantage of being managed by an established tech company (Ripple) with a top notch board of directors and senior leadership team. For some, a crypto which is managed from the top is unattractive - it takes away from the sense that crypto currencies represent a populist aspect of a financial system, which is largely controlled by banks and other institutions. However, top-down management means that XRP will be better able to adapt to changes in the market.
To illustrate my point, consider Bitcoin's segwit2x conundrum. The community was divided about whether to adopt the software change. The loggerhead sowed confusion and doubt and probably caused the ensuing drop in BTC's price.
These issues can be averted when a coin is controlled by a board of directors, and is not reliant on the support of legions of miners and freelance developers who volunteer their time. Rather, the company can unilaterally make a decision and execute it. This could have a downside, but in my opinion, this means XRP will be better able to adapt to crises, and better able to quickly and efficiently pursue opportunities.
Finally, XRP's tech is generally thought to be pretty good. It's transaction times are very fast, and they are CHEAP. Consider the following comparison:
(Note: This comparison was produced by Ripple, so keep that in mind)
I'll end this post with a disclaimer: I do not claim to be a crypto currency guru, and readily acknowledge that my points are subject to challenge.
