The cryptocurrency market involves hundreds of digital assets to buy. Not all of them are worth investing in – many have no technical value or real use cases. In this article, we will take a look at the top crypto to buy now.
The most popular crypto assets to invest in 2022:
- Avalanche (AVX)
- Solana (SOL)
- Ripple (XRP)
- Polkadot (DOT)
- Cardano (ADA).
Ripple XRP is one of the top-traded cryptos. What is so special about Ripple?
Ripple Explained
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Ripple is a system for money settlements based on blockchain. Its work principle is similar to the well-known SWIFT system – money conversion and cross-border transfers. However, Ripple has great chances to rival SWIFT since it offers a groundbreaking technology that facilitates currency transfers worldwide.
The Ripple network is already integrated into many large bank systems worldwide. Why more and more financial establishments wish to co-work with Ripple:
- Ripple technology allows lightning-fast cross-border money transfers with no delays and no middlemen.
- Ripple charges minimum fees, compared with huge commissions banks charge for remittances.
- At the same time, Ripple provides users with safety.
XRP is a native coin of the Ripple network. It serves to facilitate currency conversion and transfers. XRP is like an intermediate currency for fast currency conversion. The Ripple price is $0,4057 (late September 2022).
Should I Buy XRP Now?
The Ripple price does not change much, and it’s about the same even during sharp market fluctuations. The reason is ongoing judicial proceedings with SEC, demanding Ripple to identify XRP tokens as securities. The legal process slows down the Ripple platform’s development, not allowing it to grow and expand.
However, Ripple is still one of the top crypto projects in the market by capitalisation and trade volume, so investing in Ripple makes sense. Many “whales” investors bought XRP and hold them long-term, hoping that after the legal process is over, the Ripple project will grow, and the XRP Ripple price will boost. We recommend analyzing the project on your own and diversifying your investment portfolio.
