XRP Crypto

Ripple is one of the most popular cryptocurrencies on all rankings on the Internet. The asset has many advantages, which we will discuss in this article. Also, we will touch upon the topic of XRP crypto price prediction.

Advantages of Ripple compared to Bitcoin:

  • High credibility. XRP crypto price primarily depends on the credibility of this platform and not on demand and emission, like Bitcoin.
  • Complete security. Although the Ripple platform had a tough period in 2014, it was successfully restored, and today, it has the maximum level of protection. At least no hacks have been reported in the news so far. As for Bitcoin wallets, hackers have already learned how to hack them.
  • Currency bridge. Ripple wallet can transfer not only XRP coins but also other cryptocurrencies and fiat. The platform has an excellent implementation of the Bitstamp gateway, which works on the Ripple protocol. By comparison, Bitcoin only provides anonymous transfers in the BTC currency.
  • Unlike Bitcoin, Ripple makes it much easier to transfer money to another wallet, which increases the platform’s mobility and ease of use. The transfers take a few seconds.
  • No mining. The cost of Bitcoin is highly dependent on the presence of miners in the market. But this is not the case in the Ripple system, where all coins have already been issued initially.

Disadvantages of Ripple

As already mentioned, it is impossible to mine XRP crypto, which means it is impossible to make money on mining. The platform is focused primarily on working with financial institutions officially, and this causes distrust and disrespect among users who prefer anonymity and independence from regulators.

Even though Ripple and its platform use a decentralized network, in theory, it is partially centralized, as it depends on the company, which owns 55% of the coins.

Experts believe the XRP crypto price will reach $4,14 to $5,02 by 2028. You can buy XRP crypto on the WhiteBIT exchange. It allows purchases with fiat money, many trading options, and a convenient interface for novice users.