Good Crypto to buy right now
The cryptocurrency market is volatile as always. In stocks or most other investments there is gradual increase and decrease but in crypto one day you might make a 30% gain and the next day you may lose 50%. The trick is to know when the market is going to go up so that you can be sure to sell before it comes down, because holding crypto is likely going to cause you to loose money especially if you are only planning on holding for a year or so. Right now a cryptocurrency that seems to be really well to buy is XRP. XRP is the currency that runs on RippleNet which gives it an edge over other cryptocurrencies.
What is RippleNet?
XRP is a cryptocurrency and it runs on a digital platform called RippleNet; which can be used for payment. RippleNet itself is run by a company but unlike other currencies it does not use blockchain for transactions but rather it uses a distributed ledger database. With RippleNet users can instantly transfer money globally through a open-sourced network. On RippleNet you can use a wide array of currencies to transfer money across the globe and the main asset of RippleNet is XRP, the cryptocurrency.
What Does this Have to do with XRP?
XRP is supposed to be the digital asset that can be used instead of real currencies r other cryptocurrencies to trade in the RippleNet network. This means that as time goes on and the RippleNet network gets more popular, XRP will also get more popular and rise in price.
Why is XRP a good buy?
When trying to see if a cryptocurrency should be bought, it is really important to make sure you don’t fall into a scam coin and loose all of your money due to hype. The main way to detect if something is a scam or not is to analyze the coin’s utility. This will also help you determine if it is worth it to hold the coin for long-term if you should sell asap. When looking at XRP it is clear that it isn’t a scam and it can go up long-term because it has real supply and utility unlike something like dogecoin. The price of XRP is currently at $0.68 which is pretty low meaning that it is likely a good buy right now.
What is the Stellar Network and why Does it Matter?
The Stellar network is a decentralized exchange in which you can hold cryptocurrencies like Bitcoin, or Ethereum, or mainly Stellar Lumens and exchange them for other cryptocurrencies or even US Dollars or the Chinese Yuan. The Stellar Network is very secure and fully decentralized. The Stellar network has a lot of potential for the future; as crypto becomes more and more mainstream the Stellar network is going to become more popular.
The Stellar network is still at it’s starting stages, there is lots of potential for growth! The Stellar developers are continuously working to improve their network which is why it has lots of potential for the future. The fact that you can have US dollars, Chinese Yuan, Euro means that it has lots of room for growth as you can have real money not just crypto…..
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Technology, Economy, investing, investment, Cryptocurrencies, Crypto, XRP, Best Crypto to buy, Stellar Lumens, XLM, RippleNet, Crypto Guide, Bitcoin, Blockchain, Decentralized Exchange