After an amazing pump, the capitalization has exceeded 100 billion and the price is heading towards $2 and there is madness around it.
What are the risks of repeating its story with a sharp fall and what is generating hype?
1) A coin for money transfers - in principle, unlike the "era of dinosaurs" in the crypto industry, at the moment any network can make fast transfers and is no worse - this advantage is not so valuable. Even in the BNB, SOL, EOS, AVAX networks, transfers are already with minimal fees. Will there be a revolution in the field of money transfers thanks to XRP? Unlikely. In fact, it is already happening thanks to other mechanisms and without banks - P2P and other mechanisms are much more reliable and simpler.
2) Network reliability and decentralization - does anyone seriously believe in this? Actually, XRP was originally a centralized coin to facilitate bank transfers. Since 2012, almost all coins have claimed this. So, this is not an advantage either...
3) Is there one? Write.
But still, it would be reasonable to fix the profit as you approach 1.98 in order to get a profit - otherwise you have not earned!
I hope this will allow many to avoid panic greed and losses.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.