In a heated debate on Twitter, Financial advisor and XRP enthusiast Tiffany Hayden was embroiled in a discussion around the price of XRP.
CCN News initially tweeted an article regarding PayPal Director Xapo CEO Wences Casares stating ‘One Bitcoin Could Exceed $1 Million in 7-10 years”
The tweet caught the attention of many followers quite noticeably an XRP supporter who speculated their opinions on XRP’s price.
@xrpdoll tweeted “And 1 XRP could exceed $42,000 in 7-10 years!”
This was then met by a barrage of insults indicating XRP could not reach such price due to its market cap.
Which leads to the questions?
Has the bear market brought out the worst in some Cryptocurrency communities spreading relentless toxicity?
And more importantly…
Will there ever be an end to the continuous division between Bitcoin maximalists and XRP Maximalists?
Tiffany Hayden responded to one of the replies adding;
I know the bear market has been difficult, particularly for people who bought at the peak, but the direction and momentum of $XRP have only increased since then. At some point, the price will *finally* reflect that. And then the haters will all scream “price manipulation!”
It is easy to forget during the 2018 bear market that Ripple was one of the few Cryptocurrency projects making significant progress and paving the way for adoption with financial institutions, banks, and payment providers.
Ripples progress has also been unmatched with the confirmation of partnering with over 200 banks worldwide, over 100 financial institutions around 40 countries in six different continents.
Not to mention…
Equally successful provided liquidity for cross border payments using XRP and utilizing payment providers such as Mercury FX and Cuallix – Some of the first customers to adopt xRapid to increase payment speed and make it substantially cheaper for their customers.
A key indication of the innovative strides Ripple was making!
Breakthrough XRP Utility and Academic Advancements
While this market traction has had a profound impact on its customers and clients, Ripple’s year of breakthroughs also expanded beyond the cross-border payments use case.
We saw new utility and diversity spread across the XRP ecosystem. Ripple launched the Xpring initiative in May to build infrastructure and drive growth in blockchain through investments and partnerships. In just half a year, Xpring has helped develop several notable blockchain projects, including SB Projects, Coil, Omni and Securitize.
XRP is currently trading at $0.32 against the USD and currently down 90% from its all-time high around $3.40.
However, whilst it’s easy to recognize the current undervalued price of XRP, investors should be aware that the bear market would not last forever.
The Cryptocurrency space moves in cyclical frequencies and eventually, the price of XRP will catch up with the unwavering development that has occurred during this difficult time.
Do you want to know the key to becoming a successful investor in this market?
Having a long-term outlook on the development of Ripple/XRP and acknowledging this is at least a 5-10 year project.
The price of XRP now will truly be a blessing for those that remained patient throughout this period.