To begin with, it’s important to mention that XRP, Ripple, and RippleNet are different. RippleNet is a digital payment platform, which is on top of a distributed ledger database called XRP Ledger. XRP is the currency that runs on RippleNet. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain but rather the previously mentioned distributed ledger database.
Ripple is the only enterprise blockchain company today with commercial products used by hundreds of customers across 55+ countries. These businesses have access to alternative liquidity solutions through Ripple’s global network, which uniquely uses the XRP Ledger and its native digital asset XRP to help improve payments services worldwide. To put it simply, Ripple's products act like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries. In other words, these products are used for payment settlement, asset exchange, and remittance systems.
Ripple introduces itself as a global payments network, and major banks and financial services can be seen amongst its customers. XRP is used in its products to facilitate quick conversion between different currencies. Moreover, XRP is a pre-mined cryptocurrency, which means less complicated mining methods are required compared to Bitcoin.
Although XRP's 345% last year's Return On Investment (ROI) seems interesting for any investor, it underperformed in ROI compared to its similar projects and the top 1500 projects in the market, with an average ROI of 1,990% and 4,074%, respectively. Also, if you had bought XRP a month ago, you would be sad by now due to a 15% decline in your investment. You can have access to our report about XRP's ROI for Free on our website here.
Projects with public Github account have more transparency and reliability. Generally, it's better to invest in projects with multiple contributors and commits (this means they are busy working and building the project). According to our data, there are 28 developers contributing to the development of XRP. Our full report can be found here.
Moreover, XRP has been one of the market's top ten projects in terms of market capitalization, with more than $51 billion in value recorded today. Although XRP's price saw a decline from mid-May, 2021 to mid-July, it recovered its price gradually and surpassed $1 again. In addition, you will not have much problem selling XRP, even if in bear markets due to XRP's more than average liquidity score. Its liquidity score is 85% more than the market's average score. You can follow XRP's daily price and liquidity score here.
Another critical factor in determining cryptocurrencies' success is gaining public attention. Our data indicate that XRP's Twitter account followers rose by 41% over the period of the last six months. Also, there was a 13% growth in the number of its Reddit subscribers. You can see our XRP popularity report here.
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