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XRP, BTC Make Almost Perfect Cryptocurrency: Prominent Crypto Analyst

Jacob Canfield, a popular analyst on TradingView, says that XRP and BTC could make perfect cryptocurrencies but they are short of only one thing

Bitcoin and XRP are among the top three cryptocurrencies and both are currently most popular coins with loyal and supportive communities. A guest Forbes and CNBC trader and a popular Bitcoin analyst on tradingview, Jacob Canfield, says that they lack just a little to be rightfully called perfect cryptos.

‘Three aspects that make the perfect cryptocurrency.’

When talking to the crypto analyst Scott Melker, Jacob Canfield says that a perfect cryptocurrency must have three crucial aspects – be secure, scalable and decentralized. Both BTC and XRP lack just one aspect of those, as per him.

He believes that BTC can make a great store of value and XRP could be used as a medium of exchange.

https://twitter.com/JacobCanfield/status/1210639935323213826

Answering a question, in the next tweet Canfield points out that XRP lacks decentralization. The latter is very important for crypto, he says, as it makes it secure and non-censorable.

https://twitter.com/JacobCanfield/status/1210661613419876364

As for Bitcoin, its well-known issue that many would like to see solved is lack of scalability.

A crypto analyst gets paid in XRP

The initial tweet came in response to a post made by Scott Melker who shared that he had received a payment in XRP and said that this coin works extremely fast.

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