Why is Ripple's value not rising at the same pace as Bitcoin's value?

in #india5 years ago

This is an interesting topic and I share my opinion about it. View the original post written by me on Quora.com.

In most of the cases we have seen that most of the major altcoin trend with Bitcoin but it is not an compulsion. Price of Ripple XRP and other Altcoin is not increasing because of following reason.

1. People got huge loss in crypto investment in last bull run maybe be because of either they have invested in Shit coin or not studied market trend properly.

2. People are still interested in crypto investment those have recovered their loss are now investing in Safe crypto which is Bitcoin. Which is Right as investment point of view because Bitcoin is Gold of Crypto and remain as standard of Crypto all the time.

3. Ripple XRP is just a Hype crypto for me it is a Average Coin, even though it is under top 10 list of market capitalization. Ripple is Centralize crypto and major portion of stake on hand of Ripple Network, it may happen company can pump and Dump to manipulate the market price. In fact Centralize nature of crypto is not good for long term growth. It is only designed for banks.

4. Banks treat crypto as their biggest enemy so there are very less chances that Banks will adopt is upcoming 2-3 year, if they adopt crypto for cross border payment then will adopt XLM which is decentralize, fast and cheaper than XRP.

5. XLM have better future than XRP because they are working on ground level and targeting small financial institution in poor countries especially in Africa,Asia to bring on their platform.they got big success to bring IBM on their platform, From last year XRP just made announcement so most of the people lose faith in XRP. 

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