What grants Ripple (XRP) the worth it has?

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Blockchain and cryptocurrency were primarily built to usurp the centralized authorities such as governments as well as banks. But then came Ripple, the San Francisco startup digital asset which throws cypherpunk ideology out of the window.

Like other cryptocurrencies, the Brad Garlinghouse-led blockchain firm has gone through ups and downs as well as several criticisms specifically of not being a ‘real crypto’ and also not being entirely decentralized.

Since its launch in 2013, Ripple has done remarkably well beating several other cryptos to currently occupying the third spot as per CoinMarketCap rankings. However, some can reasonably ask a plethora of questions of whether Ripple is worth the value.

More Questions than Answers

If you’re a crypto enthusiast, then you must have encountered news coming from the Ripple team regarding the development of the digital asset several times. Those are the kind of news that is supposed to boost the price to the next level. However, some may still be scratching their heads because yet its native cryptocurrency’s price is almost half compared to last year.

It goes without a say that Ripple owns more than half the supply, perhaps which is the biggest concern for many. The fact that they’re in control of most coins, it could be said that they’re capable of manipulation. If the entire XRP tokens were to be let free into the crypto space, Ripple might theoretically dump by almost 50%.

It’s just the other day they struck a partnership with MoneyGram prompting suggestions that they are merely stabilizing the price themselves to tempt such partners.

Some folks seem not to understand the worth of Ripple. But wait, Ripple is the third largest crypto, right? We all didn’t wake up and find it there. It has definitely worked its way up to that position, which means somethings are being right.

So, What Gives Ripple (XRP) Its Worth

First, Ripple is a private company, and unlike other cryptos seeking to reinvent money, the blockchain firm takes a different approach trying to reinvent the payment as well as remittance networks. It does it successfully with a native token, XRP.

What gives any crypto value, for instance, is what makes it different from others, especially the close competitors. Ripple, in this case, has a clear use case that is supported immensely by associated technology such as xRapid and xVia.

Moreover, Ripple has a growing ecosystem such as the RippleNet as well as increasing partnerships which continue to drive the demand (liquidity) for the digital asset.

Also, XRP has worth since it’s a decentralized protocol with a limited supply. Demand and supply as well dictate its worth.

By use of xRapid, the firm’s on-demand liquidity solution, XRP is bought as well as sold on the exchanges, not over the counter. Since it’s a liquid asset, XRP can be used instantly anywhere across the globe.

Nevertheless, Ripple has worth as it has significant funding with best class solutions for moving the money more efficiently for the financial institutions as well as selling their products to the same financial institutions.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Naveed Iqbal: A crypto nerd, internet security wizard. Believer of 'decentralization' in real. Love helping others and spreading information worth sharing.