It is very possible that the crypts of the currency spend a little too much time in the center of attention, leaving criminal persons to cry out to enter great losses, when a little prediction would spare a lot of pain.
In that vein, Xrp (Crypto: xrp) Currently, about $ 2.50 (February 13) are priced, but is it still worth investing if its price increases more than $ 3 this year? Let’s research this question, because in many ways it is not right.
The price of the XRP today is, As all the other crypto currency and public trade assets, which is largely determined by the psychology of investors who buy, sell and hold.
People buy and hold property that they believe will be worth more in the future; They sell assets that they believe will be worth less. The FER market value of the property itself any day is just a representation of a place where the central point is in the endless tract between customers who are willing to pay a little more for the property just to hold it, and the sellers will be ready to get a little less to get the money instead.
If the price of a digital coin like XRP rise over time, it is because there is more money that wants to get a coin and keep it than the money is locked in a coin who wants to escape to Gotovina. In other words, investors on average more hope to get more money by waiting and holding a coin than they are afraid to lose the equivalent amount of money. Why would investors mean that?
For one, if there is a solid investment thesis for property, which describes how and why property will be worth more than today in the future, it goes a long way to keep investors. But think about a moment about what it implies about the price of any day.
If you thought it means that the price itself simply doesn’t matter, but just a mood about where it goes, you are on the right track. And that’s exactly how you should think if you will invest in XRP.
Whether XRP is above $ 1, 2 or $ 3 is irrelevant whether it can continue to get a value from any point. As long as there are a good range of reasons that suggest that it will continue to produce value, it has a clear runway that will continue to increase from any price, at any arbitrary price you choose in the future.
This does not mean that it is guaranteed that it will increase, it is only that the time of spending the analysis of the price of coins at any time is much less fertile than the understanding of the factors that run its increase, which we will enter the next.
As it turns out, XRP has a good chance of increasing over $ 3 and beyond in the future because it is a good investment in the cryptocurrency currency.
Coin use financial institutions, including Saander and Jpmorgan chase To process money transfer through international borders. The use of XRP is useful for these companies because it allows them to avoid paying huge international fees for transferring wires, and allows transactions to close within minutes instead of several days.
It also allows these companies to avoid paying international currency exchange fees, which are charged as a percentage of the total transfer value, and therefore tend to be the main costs.
And that is why XRP Blockchain processed more than $ 5.1 billion in transaction over a 24-hour period, ended on February 11th. Each of these transactions has created a small amount of fees that goes to maintain and upgrade the network.
Clearly, there are already a lot of institutional redemption here. Probably more adoption, especially if regulators approve New financial instruments held by XRP in traditional financial accounts, such as funds traded on the stock market (ETFS).
In other words, there is enough reasons for investors to be optimistic about the fact that XRP was more valuable tomorrow than it is today. Jump forward for five or six years, which could be very more valuable, especially if it can continue to beat the competition of other Fintechs trying to gain the foundation in international money transfers.
If you buy it today and keep it for so long, you probably won’t remember when the price exceeds $ 3. Maintaining a healthy long -term view of your investment usually that you forget what price was at any period, especially when you still have evidence that they will be worth even more in the future.
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Jpmorgan Chase is an advertising partner Motley Fool Money. Alex Carchida There is no position in any of the shares mentioned. Motley Fool has positions and recommends JPMORGAN Chase and XRP. Motley Fool has disclosure rules.
