To check out the best crypto assets to invest in, we may refer to the popular crypto ranking on Coinmarketcap. We can see that the top 10 crypto assets of September 2022 are:
- Bitcoin (BTC)
- Tether (USDT)
- Binance Coin (BNB)
- Ethereum (ETH)
- Binance USD (BUSD)
- Ripple (XRP)
- Cardano (ADA)
- U.S. Dollar Coin (USDC)
- Solana (SOL)
- Dogecoin (DOGE)
Today we want to talk about Ripple XRP, its essence, and why it is worth buying.
Ripple XRP Cryptocurrency
Ripple is a crypto payment platform that enables fast and cheap financial transactions worldwide. Similar to the traditional SWIFT remittance system, Ripple provides payment settlement and conversion for international money based on blockchain technology. The Ripple platform was created for financial companies and banks to facilitate their work processes and get rid of the disadvantages of their systems.
What problems does the Ripple network solve?
- Expensive cross-border money transactions
- Long procedure of conversion and delivery of currencies worldwide
XRP is a Ripple coin that serves as the mechanism for converting two currencies in the network. XRP Ripple token is a kind of temporary layer for currency denomination.
Several financial companies in the world already use the Ripple network, and around 50 Japanese banks claimed they would like to integrate it into their systems. Ripple has an incredible technological value that can receive widespread use. However, since the Ripple company is in judicial proceedings with SEC, the time of Ripple’s triumph can be delayed. Actually, this is the reason why the XRP Ripple price does not grow during the bullish market trends.
However, XRP is still among the top-traded cryptos, with a market cap of $19,9 billion and a daily trade volume of over $4 billion. Many investors buy XRP and hold this asset long term to receive investment return when the project solves its issues with SEC and grows. In terms of technical content and broad scope of application, the Ripple platform, with dignity, occupies its place in the top 10 crypto assets in the market.