I fully agree with this statement. There is no reason to be comparing XRP with stablecoins and those currencies to be issued by central banks (which we know can be happening soon especially if China is going to be successful with its digital yuan). Right now, XRP is going to be helping banks but we know there are some concerns of doubts whether this is something XRP is going to be successful with. Let's see many good things coming our of XRP.

I am a little bit surprised that my country the Philippines has not figured in the top 5. Well, cryptocurrency is quite alive here and there is no big hindrance coming from the government except if there can be a project designed to scam people of their money. I am sure though that we can be in the top 15.

I am not surprised so much with the rise of YFI considering its very limited number of coins on the market and the bullish sentiment on the DeFi projects right now. Still, one should be careful in getting into Yearn.Finance at this juncture though if one is very much loving with risks and big rewards then this can be a good gamble. I just felt that I am not really lucky in picking up projects that can really boom and lucky are those who got into YFI at the early stage. Weeks ago when I was look at its $1000+ price I was already surprised...who would have thought that it can make bigger moves and even defeat Bitcoin (though of course BTC has undefeatable marketcap).

The whole world should not expect an open and transparent digital currency especially if one is coming from China. This country is actually using its secretive nature to its advantage and the whole world is heaping it with many undeserved attention and even adulation. The digital yuan is a project in progress and I don't think the people behind it will be divulging the details not unless they are already sure of its nits and gritty. While the whole world is very much busy fighting to gain the upper hand in the Covid19 fight (courtesy of Wuhan), China is now focusing on many things that can push it in the forefront of economic revival once the virus has become inutile already.

Now, I am wondering what can happen to Bitcoin in case something major disaster could happen to this part of China. What if there would be a massive earthquake in there or anything that can stop all the mining activities? I am actually looking forward to the time when Bitcoin can be able to wean from the influence of China-based miners and have this critical activity equally distributed to different parts of the world.

This is one great area that Facebook should be making big steps so that the same story above should never happen again. Facebook is known to be very strict with small ad placers so I am really wondering why their vetting system has failed to determine this scheme to be a big scam. One thing for sure is that scammers everywhere are now so happy because with cryptocurrency their market has literally become so global.

August is supposed to be a ghost month but this time in 2020 August is the month of good growth for Bitcoin and even with many other coins much more so with the DeFi explosion. I am sure that the next zone goal is $15K so we can expect that by September and going towards the December month there will be more exciting things happening with Bitcoin.