cryptonerd
commented on a stock · Nov 20, 2024 12:31
Why should you invest in XRP (Ripple)
1. XRP is designed to facilitate low cost and swift money transfers globally, which is seen as appealling for many financial institutions
2. XRP transactions can be processed within seconds and its network is much more efficient in terms of transactions, even faster than that of Bitcoin or Eth.
3. XRP is backed by multiple financial institutions. It has formed partnerships with over 300 banks and financial institutions globally (examples include American Express, SBI Holdings and Santander)
4. XRP has long term vision which aims to replace systems like SWIFT, which handles billions of dollars on a daily basis. Investors believe in its potential.
5. Analysts predict that XRP will hit $0.92 in 2025 and we have already exceeded expectations, as well as a target price of $6.36 in 2030.
RISKS TO CONSIDER
- High volatility
-Regulatory Uncertainty (faced recent lawsuits but currently all resolved)
103718707 : Great article.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Sokol Sis : The possibility for xrp to get to 100u per coin is how much
Outfarer : Thanks for sharing this!