XRP community believes that coin is undervalued

March 13, 2019

XRP community believes that the coin is undervalued, and here is why

For a long time now, XRP has been one of the highest ranking coins, even spending several months as the second largest cryptocurrency by market cap. It was added to numerous crypto exchanges, and even banks around the world have started using it as a 'necessary evil,' due to the fact that it powers Ripple Labs' cross-border payments products.

However, with all of that said, XRP is still extremely low-priced, and its community believes that the coin's price does not represent its value realistically. The community sees this as a controversy, and one Twitter poll done earlier this year has shown that over 80% of the 9,000 participants believe that XRP should permanently replace Ethereum as the second largest crypto.

Considering other controversies that XRP had to face in the past — mostly accusations of being centralized and controlled by Ripple — these results came as quite a surprise. With all of that in mind, one question remains unsolved — why does XRP have so many supporters? Why is its community so strong and large when it is controversial, potentially centralized, and low-priced?

Why is XRP popular?

As mentioned, XRP is a driving force for Ripple products, such as xRapid. This is one of the products that banks around the world are willing to integrate, as it allows near-instant international payments when traditional technologies often take days to be processed and completed. As such, XRP has become the number one go-to crypto for remittance services.

In fact, Ripple Labs has become well-known and popular around the globe thanks to its products. It is halfway between the crypto and blockchain world on one side, and banks and financial institutions on the other. It applied blockchain and cryptocurrencies and gave them a real-world value by solving one of the biggest financial problems today.

This is quite an achievement, and it certainly did not go unnoticed. Those who depend on money traveling cross-border have quickly joined XRP's community in order to make use of the offer, making it the community that much larger. In fact, many believe that the coin's market cap and price should be much higher than they are. They even accused websites tracking the prices of cryptocurrencies of making errors in price and market cap calculations in order for Ethereum to be ranked as second. Meanwhile, they themselves believe that XRP deserves the second place, if not the first one, thus replacing even Bitcoin itself.

This brings up several questions, such as, who is right about XRP's market cap? Forbes, for example, believes it to be at around $30 billion. Meanwhile, CoinMarketCap says that it is only around $13 billion. The answer to this is unknown, although there is no doubt that many, in and out of the XRP community, would like to know the truth.

Another issue is the lack of increase that XRP is supposed to see in terms of price and market cap. In other words — if CoinMarketCap is right, why is XRP still so dormant when it managed to achieve so much usage?

Why is XRP still dormant?

The biggest reason as to why XRP is not growing, according to skeptics, is that both Ripple and XRP are nothing more than a pump-and-dump scheme which will not last long enough for any real surge to actually happen. The skeptics further claim that XRP's supposed loyal customers are only partners who are getting paid for proclaiming how great Ripple and XRP are.

Another argument is that Ripple's claims about the company working with over 200 banks around the world are a scam, while Ripple's few known partners are not even real firms.

Unfortunately, this does not provide answers, and it only gives us more questions instead. It appears that XRP's connection to Ripple will not allow the coin to ever fully get away from controversies. Meanwhile, the question of whether XRP's market cap is miscalculated or even whether the coin has any true value remains unsolved.

Cryptocurrency: XRP

Top 5 Bitcoin (BTC) Wallets to Use in 2019
Top 5 Bitcoin (BTC) Wallets to Use in 2019

The crypto industry continues to advance rapidly, and many are expecting the Bitcoin price to surge to its all-time high once again, as 2019 comes to an end. With that in mind, investors ...

Litecoin Foundation supports Celsius
Litecoin Foundation supports Celsius

Crypto lending platforms are growing in number as the asset class becomes more popular around the world. Many leading crypto firms have created lending programs...

ICO Marketing Firm Faces SEC Charges
ICO Marketing Firm Faces SEC Charges

The Securities and Exchange Commission (SEC) has laid complaints against ICOBox, a firm that provides initial coin offering (ICO) marketing services for crypto related firms...

ICO still illegal in China, but cryptos are not
ICO still illegal in China, but cryptos are not

As one of the world's largest economies, it is not surprising that China has a history with cryptocurrencies. However, that history is not a positive one. Ever since the crypto...

China's Authorities Raided Another ICO
China's Authorities Raided Another ICO

China's witch hunt against ICOs continues, with GXChain becoming the newest victim of the country's ICO crackdown. The project was launched back in 2017...

Panerora to Revolutionize Payment Systems
Panerora to Revolutionize Payment Systems

The development of blockchain technology in the last several years has already started impacting the financial sector in a major way. Services that are based on this technology...

Forget about Twitcoin, Says Twitter CEO
Forget about Twitcoin, Says Twitter CEO

After Facebook announced the launch of Libra, a stablecoin that should become a common currency for WhatsApp, a messaging application owned by the corporation...

LATOKEN Shoots down Fraud Accusations
LATOKEN Shoots down Fraud Accusations

Another crypto drama has been emerging recently, this time between KICK ICO and a project known as LATOKEN. Mainly, KICK ICO recently posted about LATOKEN...

Top 10 upcoming ICOs

ICO Start End
1 Ledder Aug 01 Dec 31
2 Tixl Jul 17 Sep 30
3 BitWings Jun 03 Nov 30
4 Pbet Jun 18 Dec 15
5 Cinemadrom Feb 03 Apr 30
6 GRAYLL Jun 03 Oct 27
7 Yachtco Aug 04 Feb 04
8 Faireum Apr 24 Sep 23
9 Monart Sep 01 Oct 31
10 GOVEARN Jun 23 Dec 31
All ICOs

Top 10 Crypto Brokers

Rank Status Broker Reviews
1 FXTM information
2 HYCM information
3 FIBO Group information
4 HotForex information
5 XM information
6 OctaFX information
7 easyMarkets information
8 Bithoven information
9 LH Crypto information
10 USGFX information
All Crypto Brokers

Top 10 Cryptocurrencies

Currency Price, USD 24h
1 Bitcoin 10 017.511 -0.11%
2 Ethereum 208.584 -3.59%
3 XRP 0.276 -4.69%
4 Bitcoin Cash 304.556 -2.33%
5 Litecoin 71.946 -1.64%
6 Tether 1.005 0.23%
7 EOS 3.786 -5.63%
8 Binance Coin 20.324 -3.45%
9 Bitcoin SV 117.741 -4.17%
10 Stellar 0.067 -6.81%
All Crypto Currencies

Top 10 Crypto Exchanges

Exchange Volume, USD Reviews
BitMEX 1 657 855 370
FCoin 1 157 881 262
LATOKEN 980 764 321
Coineal 927 794 651
EXX 867 367 376
CoinTiger 833 009 250
CoinEgg 812 036 929
CoinBene 810 053 551
Bibox 809 788 881
ZBG 793 993 635
All Crypto Exchanges