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The stars seem to be tailored to cryptocurrency investors. Nominations After the elections for the chairman of the Minister of Treasury and Securities and Exchange Commission (SEC), plus a recent executive order, the markets have made it clear that the US government is shifting to a more pro-Crypto attitude.
While the buzz has propelled Bitcoin To new highlights, the real winner has been XRP (Crypto: XRP). The price of the crypto -token has risen by around 500% in the past year, most of which have taken place in recent months. It can be tempting to dump Bitcoin, the largest and most famous crypto, for something more exciting.
So, should investors go further from Bitcoin and ride the momentum of XRP instead?
This is what you need to know.
Cryptocurrency prices ultimately trust supply and demand. A coin can become viral and enjoy a temporary peak, but acceptance in practice is the key to stimulating the steady demand that supports the long -term price of the token. XRP is the token for the Ripple Ledger, a blockchain technology that is used for cross-border transactions.
Currently, sending money from one country to another is an international bank network (Swift) that can take hours (or even days) to verify and transfer the funds. With the help of Ripple, someone can exchange his currency for XRP, transfer and exchange for another currency in seconds. That is a strong use case with a considerable real-world value.
In 2020, the Securities and Exchange Commission Sute Ripple Labs, the developer of XRP, for the sale of XRP tokens, claiming that the company has violated the securities laws. Ripple Labs won one largely favorable statement last yearBut the current professional process threatened to shrink Ripple Labs and XRP in uncertainty, which oppressed the price of the token.
With new sec leadership and a potential shift to pro-Cryptocurrency policy, buy investors XRP awaiting that the SEC can end its fight.
It is tempting to chase the shiny object and XRP has a long -term legitimate potential if it can integrate deeper into worldwide payments. However, investors should not hurry to leave Bitcoin.
Bitcoin could take significant steps forward under the new US government administration, and the recent executive order of President Donald Trump with regard to digital assets meant the possible establishment of a federal stock. The order did not mention Bitcoin explicitly, but it remains by far the largest cryptocurrency, with a market capitalization of $ 2 trillion, about 5 times as large EthereumThe next biggest. It is difficult to introduce a government strategy for digital assets that does not include Bitcoin.
