Could XRP (Ripple) Be the Next Bitcoin?
One asset class that has garnered quite a bit of enthusiasm from investors this year is cryptocurrency. Similar to how much of the artificial intelligence (AI) movement can be traced back to a select group of winners (the "Magnificent Seven"), investors appear to be applying the same template to cryptocurrency.
Two of the most popular cryptocurrencies right now are Bitcoin and XRP (CRYPTO: XRP). As of this writing (July 28), Bitcoin's price of roughly $120,000 is hovering near all-time highs. Meanwhile, at only $3, XRP appears much more modest.
Let's explore what makes Bitcoin and XRP unique to help get a sense of the catalysts that are fueling their current price action. In the long run, could XRP emerge as the "next Bitcoin"? Read on to find out.
Source Fool.com
