Ripple Xrp is one of the most popular cryptocurrency in the world, it's one of the top 10 cryptocurrencies by total market capitalization, ripple the parent company of XRP coin have millions of followers on social media platform like Twitter, XRP is also one of the hottest topics these days in cryptocurrency communities because of SEC and ripple case, so many XRP supporters and investors think ripple is going to won the Case against SEC and XRP will become one the most popular and used cryptocurrency around the world and XRP coin price will go up $5 to $10 per coin
well If this happens XRP will definitely overtake ethereum and Bitcoin or may become number one cryptocurrency in the world which I don't think a good sign for over all cryptocurrency industry, you may not agreed with me but if these centerlized cryptocurrencies won or overtake decentralized cryptocurrencies how it's good for overall growth of crypto industry?
Let's take a look on another side of the picture means what will happen if ripple lose the case against SEC, in the short term Bitcoin and other cryptocurrencies prices may go down but in the long run its good for overall growth of cryptocurrency industry especially decentralized cryptocurrencies
because if XRP officially becomes a security all other same projects which are not fairly lounched and distributed also not totally decentralized will be eliminated from the market and only truly decentralized cryptocurrency projects will able to servive
I am just trying to share my personal thoughts about this may be I am totally wrong but I think eliminating centralized projects from the market is very very good development for the crypto industry it will bring more clarity about a centralized cryptocurrency which is considered as security or a decentralized cryptocurrency which will not be considered as security by default due to its totally decentralized censorship resistant nature
Let's see what happens what's your opinion about this please shere with us
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