Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: sirty143 on August 23, 2018, 05:10:44 PM
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The months of July and August of this year might go down in the brief history of crypto, as being one of the most unsure times due to ETF announcements as well as other regulatory stalemates across the globe. As a result of all the FUD, the entire crypto market is a shell of its former self during the peak season of December and January when the total market cap was $827 Billion compared to today’s $210 Billion. Back then, XRP was reaching for the stars and had rallied to $3.82 awaiting for Coinbase to add it on the trading platform.
But this would not happen mostly due to what many believe is SEC scrutiny as to whether XRP is a security or not. The latter authority has chosen to keep mum about XRP although the XRP community has an interesting theory that the SEC never put into writing that Bitcoin (BTC) and Ethereum (ETH) are not securities. The officials at the authority simply verbalized their opinion. Therefore, they still have no rules to regulate cryptocurrencies and in that sense, completely clear XRP from any wrongdoing.
Looking at the recent partnership of Ripple and the three exchanges of Bittrex, Bitso and Coins.ph to facilitate xRapid operations in the US, Mexico and Philippines, one gets to understand the utility of XRP. This means that once xRapid is at 100% functionality, traditional remittance transactions that used to last 2 – 3 days, will now be settled in 2 minutes thanks to the digital asset that will be used to source instant liquidity. Bittrex has even gone ahead and listed XRP/USD pairs.See more for yourself, here (https://ethereumworldnews.com/how-xrp-is-seriously-undervalued-right-now-and-some-sec-loopholes/).
Do you think this digital asset, the XRP is seriously undervalued at current levels of $0.32? Let us know your thoughts or simply post your reply below.