Financialcentre Discloses The Best Cryptocurrency Investment Of This Decade

London, UK, 7th August 2021, ZEXPRWIRE – The crypto craze has been interesting for many companies, from Tesla to Square. As a result of the new technology, these organizations have made billions and hope it will not be long until they are making even more money in this process.

The performance of crypto stocks has been similar to that seen in regular markets. Hedge funds have also recently begun investing heavily into cryptocurrencies as a hedge against future volatility and uncertainty

Financialcentre broker, Dennis Bierman says, recently, some renowned firms like Goldman Sachs are beginning to doubt their bullish sentiment on cryptocurrency for the long-term. The firm’s CEO Lloyd Blankfein said “I don’t know if you could call it gambling.” However this is not stopping other companies from chasing after profits before prices go even higher or lower than they already are now.

In essence, the global investment community is waiting for a sign from U.S. regulators. It’s unclear when this might be but these new regulations will have to come sooner rather later if people are going to continue investing in crypto stocks and companies that deal with cryptocurrency or blockchain technology in reality.

The notion of whether these cryptocurrencies are sustainable investments remains to be seen. Some say that crypto has been bearish recently and have fallen by around 70% but this is the same as it was in their early years which saw them fall up to 90%.

This should help put things into perspective for people who view cryptocurrency as a new asset class or even an investment category with limited alternatives. It doesn’t seem to be a fad like many predicted and the only thing that might slow it down is price volatility or government regulation.

Currently, there are over 1,300 different cryptocurrencies in existence but most people have heard about at least bitcoin. A lot of people criticize bitcoin saying that it’s too volatile and they’re right, as it has historically been bearish. But bitcoin is now worth over $11,000 per coin and even after a year of volatility it still has a market cap that’s well over $200 billion dollars

That being said, the best crypto currency to invest in for long term profits is

Ripple (XRP)

It is very much evident that the price of Ripple has been pretty volatile since its inception. It was created in 2012 and at that time it was priced at cents. The currency started slowly growing in price and by 2015 it had climbed up to $0.002 with 50000% gains from when it first started. Within a period of 3 years, the price of Ripple went up by 10 folds and reached an unprecedented peak of $3.3 in January 2018. It was the first cryptocurrency to hit a billion dollars market cap.

One of Ripple’s strengths is that it has wide use cases and can facilitate currency transfer faster than any cryptocurrency out there right now. Additionally, transactions are done at low costs and can take place within seconds. The Ripple network also allows for close to 1,000 different transactions per second.

The Ripple blockchain is not as decentralized and censorship resistant like most other cryptocurrencies out there. In order to protect its image, the company has formed some strategic partnerships with big companies like Moneygram international and American express. These partnerships have definitely benefited the Ripple network and have led to an increase in its value over time. The value of Ripple is expected to grow even further as more banks start adopting it as a mode of payment.

Today, the use cases for ripple seem pretty diverse ranging from loans, global payments, smart contracts/ IOTs, asset exchanges etc. It has even been incorporated by some banking giants like HSBC, UBS and Mitsubishi among others.

One of the biggest reasons for why ripple is one of the best cryptocurrencies to invest in log term, is because it has a very strong network effect behind it. Network effects are huge in crypto currencies as they determine how popular a currency is. Ripple has already entered into partnerships with over 200 banks and financial institutions. That’s huge considering only around 500 million people use banking services in the world right now. This is why it may definitely become one of the best cryptocurrencies to invest in long term especially for long term investors who want a lot of growth from their investments.

As Ripple has been designed to tackle some of the biggest challenges that banks and financial institutions face, it can be used by businesses in other industries as well. For example, Walmart is using ripple to track produce from its farms to its stores. This could revolutionize how companies conduct their business operations around the world which may translate into increased price for XRP.

It may seem like ripple is designed to do everything a regular crypto currency does and more, but it is still not the most decentralized monetary system available today. Since its functionality is quite similar to what you would get in real money, it will be interesting to see if fiat currencies end up being replaced by XRP which some analysts believe could happen in the long run. Ripple has also been on a lot of people’s radars because there is an overall belief that it could replace fiat currencies completely as we know them today.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Published On: August 7, 2021