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The stars seem to have aligned for the cryptocurrency investors. The post-election candidacies for the secretary of the Treasury and the Commission of Securities and Exchange (Sec), in addition to a recent executive order, have made it clear to the markets that the United States government is changing to a more pro-crypt position.
While the buzz has been propelled Bitcoin To the new highs, the true winner has been XRP (Crypto: XRP). The price of token Crypt has increased by about 500% over the past year, most of which have occurred in recent months. It can be tempting to pour the bitcoin, the largest and most well -known crypt, for something more exciting.
Then the investors should go from Bitcoin and lead the time of XRP?
Here is what you need to know.
Cryptocurrency prices are based on supply and demand. A currency can viral and enjoy a temporary increase, but the adoption of the real world is key to promoting the constant demand that supports the long -term price of token. XRP is the testimony of LED LEDGER, a blockchain technology used for cross -border transactions.
Currently sending money from one country to another involves an international banking network that can take hours (or even days) to verify and transfer the funds. Using Ripple, someone can change their currency to XRP, transfer -and change it for another coin in seconds. This is a case of strong use with a real value of the real world.
By 2020, the Commission of Securities and Exchanges South Ripple Labs, the developer of XRP, to sell XRP tiles, claiming that the company violated the laws of securities. Riple Labs won largely Last year’s favorable ruleBut the ongoing resource process threatened with the laboratories of Roud Ripple and the XRP in uncertainty, which deleted the price of the testimony.
With new dry leadership and a potential change in pro-Cryptocurrency policies, investors buy XRP in anticipation that the dry may try to end their fight.
It is tempting to pursue the bright and XRP object has a long-term legitimate potential if it can be more deeply integrated into global payments. However, investors should not be eager to leave Bitcoin.
Bitcoin could take significant steps under the new administration of the United States Government and the recent executive order of President Donald Trump on digital assets pointed to the potential creation of a federal stock. The order did not explicitly call Bitcoin, but it is still the largest cryptocurrency from afar, with a $ 2 trillion market lid, approximately 5 times the size of Ethereumthe next larger. It is difficult to imagine a government strategy for digital assets that does not include Bitcoin.
