Ripple has been making a lot of headlines these days. Now, Investor Place writes about the digital asset XRP as well.
For traditional equity investors, coins such as XRP could be going in the “too hard” pile, as the online publication begins their thesis.
They mention two core stumbling blocks which are utility and valuation.
For equities, valuation methods are inexact, but at least, they are relatively-well defined and replicable.
The usefulness of the companies that are traded in the stock market can be understood, they write.
Analyzing Ripple’s digital asset XRP
They also note that it’s easy for equity investors to see crypto as the Wild West because, as you probably know by now, the market is dominated by momentum-driven short-term traders instead of long-term savvy investors.
This characterization is too broad, but over the years it turned out to be true.
Vince Martin, the article’s author, notes that Ripple is a different animal and XRP’s logic is a solid one.
XRP could reportedly become a key part of the worldwide economy.
The stock valuation is far from being an exact science, but there is strong data with which to be working these days.
XRP looks intriguing, but the author shares the question of what XRP’s worth is.
The article also noted XRP’s short and long-term risks. We suggest that you check out the complete article in order to learn more details about what they have to say.
DeFi is coming to Ripple
The Decentralized Finance movement is growing more and more in popularity, and it seems that it will reach XRP as well soon.
It’s been just revealed that one of the original architects of the XRP Ledger said that XRP would soon make its debut in the booming DeFi space.
Not too long ago, we revealed that Ripple chief technology officer David Schwartz talks about Flare Network’s efforts to bring smart contracts to XRP.