Why you should invest in Ripple (XRP) TODAY

Why you should invest in Ripple (XRP) TODAY

Ripple (XRP) is one of the most famous cryptocurrencies out there today.

AND CoinColaone of my favorite OTC exchanges, has recently added this digital currency to its platform.

OTC means over the counterand it means that in this market anyone from any country in the world cánido buy and sell crypto such as Bitcoin or XRP in your local currency (such as pesos, bolivars, euros, etcétera.), trading person to person and through a secure en línea deposit.

To make it easier for you to understand, this means that on the CoinCola website you perro buy and sell digital currencies to other people around the world. in your own currency without having to go around making complicated currency exchanges as it happens with other exchanges.

This is one of my favorite pages to buy and sell cryptocurrencies because of its reliability and transparency, and if you want to know more about them, I recommend you read the articulo I recently wrote here: My opinion on CoinCola after 2 months of research.

Perhaps until now you had not paid a lot of attention to XRP or you did not know this digital currency.

However, it is a crypto that you should start keeping an eye on. and invest in it as soon as possible because it has great potential in the market that is increasing more and more every day.

So here I am going to tell you why you should invest in Ripple today yourself and seize the opportunity before it’s too late…

What is the state of crypto in the last 3 months?

Before I talk to you about Ripple, it is important that you know what has been the behavior of cryptocurrencies in general in the last few months.

Since at invest your money In any business you must first be well informed so as not to make bad decisions.

Because? Because any type of event that happens to one (rises or falls in the price, depósito market crashes, etcétera.) it affects others too either positively or negatively.

It’s like for example when the dollar has a fall, and the euro increases its value thanks to that, because the same thing happens with digital currencies.

That is why it is important that you know about some recent important events in this world.

One of the most important early facts has been that the crypto market has declined quite a lot in these last 3 months, and for this reason the volume and price of currencies have also fallen.

Bitcoin, for example, opened at the beginning of September with a value of $7,091, and now at the end of November it has fallen to $3,822. The same thing has happened to Ethereum: it went from being worth $296 to falling to $110.

However, you should not see this in a negative way, but rather the opposite: that the value of these cryptos has fallen means that it is the best time to buy and invest in Ripple Since after a drop like this, they also usually have strong rises and the coins that you buy now will revalue soon.

In addition, in mid-November Bitcoin has suffered what is called a “hard fork”: there has been a fork in which two new cryptocurrencies have emerged (Bitcoin Antes de Cristoand Bitcoin SV).

What does this orinan? That many Bitcoin users have seen how the value of their coins felland they have panicked.

It has been found that a large number of people has begun to distrust Bitcoin (a part of them have sold everything they had in this digital currency) and equipo their expectations in other currencies.

In fact, in all this “hash wars”, Ripple has surpassed Ethereum as the second largest currency in volume since many users and even companies have switched to this currency as an alternative to BCH.

Although it is true that Bitcoin is still the dominant cryptocurrency, with this clash they have only sown doubts about stability of your decentralized digital assets.

Instead, although XRP is also somewhat decentralized, there is no doubt that Ripple has more control over the supply, since they own the majority of XRP and therefore have more control of blockchain development.

So you see that these two powerful reasons (among others such as the crisis that exists among Bitcoin miners) are more than enough to trust Ripple now.

Information basic about XRP

As I told you before, you are surely familiar with other habitual currencies such as Bitcoin, Ethereum, or even Dash; but even if you’ve heard about Ripple, you don’t have much iniciativa yet of your main data.

That’s why here I want to give you some Basic information about your XRP coin:

  • Market value: XRP right now has a global value of $15,265,021,675, which espectáculos that every day more users trust this currency to make transactions with it.
  • Volume (24 hours): XRP has a volume of $685,915,341.
  • Circulation supply: Ripple now has a supply of 40,327,341,704 XRP.
  • Total supply: the total of XRP is 99,991,780,039, with the maximum being 100,000,000,000 XRP.

As born Ripple?

Ripple was conceived by Ryan Fugger in 2004 when he was working on a local exchange system, and that inspired him to create a decentralized platform that would allow individuals and communities to create their own money.

In 2012, Fugger transferred control of Ripple Jed McCaleb and his partner, Chris Larsen. The two of them created the Opencoin organization, which would later be called Ripple Labs.

Just two years later, in 2014, Ripple went on to become the largest cryptocurrency in the world, above Litecoin and surpassing it.

But the most interesting thing is that here the big banks like Fidor Bank in Germany or Banco Santander in Spain begin to adopt and finance Ripple as a currency, unlike other digital currencies that today are not yet accepted by many financial institutions.

Since then, Ripple has been on the rise, being recognized by the largest banks in the world as the only cryptocurrency to be used as a means of payment.

In December 2017, XRP breaks its all-time high at $1.60 by currency, growing more than 1000% in a single month.

And in 2018, Ripple manages to surpass Ethereum and reaches the second position in the market capitalization.

Which are the main advantages and features of Ripple?

As you have already seen, Ripple has many advantages with respect to other digital currencies such as Bitcoin or Ethereum.

But there are many other features that make this crypto have advantages over the others.

1. Ripple is accepted and supported by multiple banks

Ripple is a currency that since 2014 is supported by banks as important as Fidor Bank (German), Banco Santander and BBVA (Spanish), Mitsubishi UFJ Financial Group (Japanese), Cambridge Global Payments (Canadian), SEB (Swedish), among many others.

Many of these banks accept Ripple as the only cryptocurrency payment, which means that they trust it above others such as the habitual Bitcoin.

In fact, many banks due to the doubts they have about Bitcoin and its operation, They have created their own cryptocurrencies to fight against this digital currency, but they fully support Ripple and accept it in their transactions.

2. Ripple is the second cryptocurrency in market capitalization

In this same year 2018, Ripple outperformed Ethereum in the capitalization market, and was positioned in second place within this market.

This has got it thanks to the trust that users (both individuals and large companies) have put into it by deciding to use XRP in their transactions as an alternative to other more habitual cryptos.

3. Unlike Bitcoin, Ripple cannot be mined

This may surprise you, but Ripple cannot be mined: Ripple’s maximum 100 trillion XRP already exists, although it is true that only about 40% of it is in circulation right now.

Why is only that percentage in circulation? Because Ripple Labs owns about 60% Right now, although in the next few years, 1 billion XRP will be made available for distribution every month.

You may not have realized the advantage of this, but it is quite important: since it cannot be mined, this crypto is much more controlled.

Bitcoin mining is a process that has become into something really expensive and complex. But the big problem is that, since practically anyone perro mine Bitcoins, the lack of control is total.

That’s why the price of Bitcoin fluctuates so much and it is highly unstable.

On the other hand, Ripple, by not needing miners to manufacture the tokens to create it, eliminates this problem from its transactions.

4. Ripple’s network is much faster than Bitcoin or Ethereum

This is another important issue: at the time I am writing this, A Bitcoin transaction takes an average of 81 minutes to complete..

Trading with Ethereum is quite a bit faster, but still takes 2 minutes or more.

Instead Ripple’s intention is to be an immediate money transfer system, and your transactions take only about 4 seconds to be done according to Ripple Labs’ own page.

If you’ve ever tried to make an international transfer, you know that having an instant alternative cánido be a huge competitive advantage.

In addition to speed, Ripple’s network perro support much higher volumes of transactions.

Bitcoin and Ethereum cánido support 3 and 15 transactions per second respectively.

And that creates scalability issues.

But the network of Ripple perro easily handle around 1,500 transactions per second, and the company has said that it perro be up to 50,000 per second in the future.

This is one of the big reasons why many companies like American Express, Moneygram, or Santander They are testing Ripple’s technology right now.

5. The cost of Ripple transactions is minuscule

One of the big obstacles that other cryptocurrencies have to face is the cost of your transactions.

In the case of those that have to be mined, there are commissions to pay to your miners as an incentive for using the power of their computers to help process transactions.

Fees for Bitcoin transactions, for example, have become notoriously high, reaching more than $20 for them at the end of 2017 and beginning of 2018.

Now, the commission for a transaction with Bitcoin usually has an average price of $1.15. Ethereum has an average price of about $0.30.

Meanwhile, the average cost of transactions with Ripple they are less than a penny, costing at most $0.03 when there has been a bigger XRP boom.

Coin Cola: The best exchange to transact with Ripple

Since I started trading cryptocurrencies in January 2015, I have tried more than 20 different exchanges. Some have worked very well for me, and others have been a total disaster or I have lost a lot of money in the commissions they charged.

But what most of them had in common is that they usually only have one or two cryptos to trade with them.

This is the case, for example, of Localbitcoins, where I perro only buy or sell Bitcoins, but no other digital currency.

However, I recently discovered CoinCola, and for me it has been an expansion in terms of opportunities.

Some of its greatest advantages and qualities are:

They have a wide variety of cryptos, including Ripple

In this exchange, in addition to of course having currencies such as Bitcoin, Ethereum, or Litecoin, they also they know how to be ahead of other currencies that they know are going to get great value and popularity.

For this reason, others must also be added to its list, such as Tether, Bitcoin Cash, or Dash that have recently been added.

And of course, now they also have Ripple (XRP) among its supply of coins.

You perro buy and sell coins in your local currency

What interested me most from the first moment about its platform is that you perro buy and sell cryptocurrencies to other people from all over the world. in your own currency without having to make changes complicated currency

When I entered your website, this caught my attention: I have tried many sites like this, and the biggest complication I have encountered is that I almost always had to receive my money in dollars, and In the end I had to go looking for an exchange house to convert them into my currency (and lose money on commissions).

On the other hand, one of the great advantages of CoinCola is that you cánido do it ALL in your local currency.

For example, if you live in Venezuela, you cánido buy Bitcoins or XRP in bolivars, or sell them and receive bolivars in exchange.

Just like if you live in other countries like México, Argentina, or Colombia, you cánido make all transactions in pesos.

The customer always comes first

I know that in 99% of platforms of this type, as soon as you entrar them, the first thing they tell you is that The customer comes first and that they are transparent with their users.

I have tried many crypto exchanges and in some cases that is true, but in others it is not at all and the clients matter to them rather little.

But in the case of CoinCola, it is true that for them the customer comes first.

In addition to the typical correo electrónico for inquiries, they have an extensive database of frequently asked questions in which they will solve the general doubts you have.

If you do not find what you are looking for in these questions, have a live chat to talk to a CoinCola member where they will assist you instantly and help you in everything you need.

In addition, they have an exclusive dirección de correo electrónico for commercial disputes to which you perro send an dirección de correo electrónico to archivo a claim or check its status.

I had a small problem with one of my transactions, I sent an dirección de correo electrónico to that address, and After 3 minutes they had already answered me to tell me they were working on it to see what had happened.

And less than an hour later, I already had the answer in my correo electrónico and the problem had been fixed. Everything was really fast and efficient.

They have the lowest commissions in the market

If you have ever bought or sold cryptocurrency on an exchange, you know that Commissions are a very important aspecto. at the time of operation.

Certain platforms have such high fees that in the end it is not worth acquiring digital currencies through them because it is really expensive to do so.

Luckily, with CoinCola that’s something you don’t have to worry about: They do not charge commissions for transactions or withdrawals.

Buying and selling on your page is free.

to the users they are only charged when they articulo an ad and complete an operation.

And they also do not charge anything to deposit money into the CoinCola wallet.

This is quite advantageous since there are many exchanges that I have tried that charge commissions when buying, selling, opening a wallet, publishing an ad… That is, other sites charge fees for all.

However, on CoinCola, by charging only for posting an ad and completing a trade, they make the costs for you cheaper quite.

Ripple is undoubtedly a cryptocurrency that it’s taking a lot of strengthand the prediction according to experts is that it will continue to grow like this in the future.

So this is the best time to start investing in this digital currency, and one of the places for which I would recommend starting with CoinCola.

If you are just getting to know this cryptocurrency, you cánido also read this article.

And you, have you already started trading with Ripple? Leave me a comment below and tell me what you think.

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Andrés Gananci is an entrepreneur and adventurer with a passion for life who founded his first en línea business at just 17 years old. 12 years later, he is still traveling the world while working from home.

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