When picking a crypto asset for investments, it is crucial to consider the following factors:
- The emission of coins
- The technology and applications of a project
- The reputation of its founders
- The demand for coins
- The Crypto market cap
- The asset’s future prospects
In this article, we will talk about which crypto to buy in 2023, particularly the Ripple project.
What is Ripple?
XRP is one of the top traded crypto assets on the Coinmarketcap ranking. XRP is a Ripple token released to facilitate currency transfers. The platform supports different fiat currencies and crypto assets, and XRP takes direct participation in their conversion.
Ripple crypto price is $0.39 as of mid-December 2022. Its market capitalization is over $19.
Over 100 financial corporations use the Ripple network for quick and secure money transfers across the world. A transaction in the network takes 3 to 5 seconds, incomparable with the speed banks offer. Low fees for transfers also attract individuals who want to avoid the bank’s bureaucracy and deliver funds quickly and cheaply – the commission is only $0.0002; again, it is incomparable with banks’ services. Ripple enables transfers via the XRP token that helps to convert fiat-crypto currencies. There are no intermediaries. Crypto developers are also using the Ripple network to create their products.
XRP live price does not rise too high and lately fluctuates around the same level. The reason is Ripple’s legal issues with the SEC, demanding the project to confess the XRP token security. At the same time, many crypto whales hold these tokens long-term, which does not make the price drop much.
Experts believe that once Ripple’s issues with the SEC are solved, the project will receive widespread adoption, and its token value will rise to the moon.
Here are other promising cryptos to buy in 2023:
Where to Practice Ripple Trading?
Being one of the most popular digital assets in the market, XRP is traded on all crypto platforms. It is advisable to pick a reliable exchange for crypto trading, for example, WhiteBIT. Take a look at this platform and its blog and see how many benefits it brings to its clients.