The crypto investors seem to not really care about the real potential XRP has which was noticed by some of the analysts and economists after Ripple’s XRP had its worst year from a technical perspective, ending the year on a low note as reported in the XRP news.
Although the bearishness of the asset is or isn’t justified, considering its fundamental utilities and value, one economist claims that the crypto investors would still prefer the SWIFT system and believe that many believe that Ripple only thrives off of the SWIFT’s failure and deliver value off of the overall decentralization trend.
Jeffery Tucker, the popular writer and member of the American Institute of Economic Research, talked with some of the interviewers with Russia Today where he explained that he believes that XRP is an ‘’extremely important technology’’ that mainly ‘’thrives off the failures of this antique SWIFT system.’’ He further explained that the current financial system is not really built to have to deal with the speeding age of globalization and that XRP is one of the few assets that can fill this void:
“Our legacy financial systems are incapable of dealing with the new age of globalization so taking crypto to kind of fill this market niche… and XRP has been really valuable in that sense.’’
It is also very important to note that the investors can’t really see the same value that Tucker says is there as XRP has been one of the worst-performing assets in 2019 after it had a hard time to build a momentum that Bitcoin and other cryptocurrencies have managed to establish earlier in the year. Tucker explained that the lack of investor excitement comes because of the fact that XPR is a specific kind of crypto that is not really interesting to regular investors. As the utility continues to grow around Ripple’s XRP and the many different initiatives, it could be possible that the investors will start seeing the true value of Ripple that Tucker explained and could even start a new XRP rally.
The Ripple XRP value is a perfect example for that – it managed to slide by more than 95% and is right now valued at $0.19 per coin. Nonetheless, the blockchain payments company standing behind XRP recently announced that it raised another $200 million in funding. They also claimed to have “the strongest year of growth to date in 2019.”
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