Is XRP a Millionaire-Maker Cryptocurrency?
With prices up by almost 400% over the last 12 months, XRP (CRYPTO: XRP) has recently begun leading the pack among large, blue chip cryptocurrencies, beating Bitcoin's return by over 4x over the same timeframe. But can the boom times continue? Let's dig deeper to see if XRP still has what it takes to mint more millionaires over the long term.
When it launched in 2012, XRP made a name for itself by fixing some of the shortcomings of older platforms. Unlike Bitcoin, it aimed to disrupt the international payments market with a focus on transaction speed and rock-bottom fees (currently 0.00001 XRP per transaction).
Now, rapidly evolving blockchain technology means newer blockchain networks often outperform XRP from a technical standpoint. But the asset's brand recognition and active development team (Ripple Labs) could represent a sustainable economic moat. In finance, trust is everything, and Ripple Labs has leveraged this to create new products. One of them is RippleUSD (CRYPTO: RLUSD), a dollar-pegged stablecoin, which can also serve as a store of value and facilitate international money transfers.
Source Fool.com
