XRP Outperforms Major Altcoins!
%20(1).webp "XRP Outperforms Major Altcoins! On-Chain Data Reveals Unprecedented XRP Growth in Last 2.5 Years")
If you’re an investor that’s been following the market since 2017,
you may have noticed XRP – Ripple’s digital asset – performing exceptionally well in comparison to other major altcoins, like Bitcoin (BTC), Ethereum (ETH),
and Litecoin (LTC). In fact, in the last two and a half years since January 2015, XRP has demonstrated its growth by achieving an increase of more than 100,000 percent! That’s right, 100K%!
Why XRP?
On-chain data provides valuable insights into the health and growth of a cryptocurrency. And according to recent data,
XRP is outperforming major altcoins in terms of growth. In the last 2.5 years, XRP has seen unprecedented growth, with its on-chain volume increasing by over 100x.
This means that more and more people are using XRP to send and receive payments. And with XRP’s low fees and fast transaction times,
it’s no wonder why so many people are choosing to use it as their go-to cryptocurrency.
What sets XRP apart from other cryptocurrencies is that it was created specifically for this purpose – sending money quickly and efficiently.
XRP also has enough scale, liquidity, and volume to power faster transactions at lower costs than Bitcoin or Ethereum.
So far this year, Ripple’s customers have sent over $40 billion through xRapid – Ripple’s on-demand liquidity product – a sharp increase from the $6 billion sent last year. As global payment volumes continue to grow exponentially (along with internet access), we can expect even more people worldwide to turn to XRP as their preferred method of sending money across borders.
It only makes sense that there would be an accompanying increase in on-chain activity, too.
A few additional benefits of using XRP: -A truly global currency
-The most scalable digital asset
XRP Outperformed Top 10 Cryptos by Market Cap
In the last 2.5 years, XRP has outperformed every major cryptocurrency by market capitalization, according to on-chain data analysis.
This is an unprecedented feat, as the top 10 cryptos by market cap are usually very stable. However, XRP has seen explosive growth in this time period, with a market cap increase of over 12000%.
This puts it ahead of Bitcoin, Ethereum, and all other major altcoins! The only two coins that have been more successful than XRP are Litecoin and Cardano, which have also increased their market caps significantly.
Other notable cryptocurrencies like Bitcoin Cash and Dash, who were neck-and-neck with XRP at one point, have decreased in value by nearly 50% during this time period. As such, XRP’s performance has never been better.
In addition to its success as a long-term investment vehicle,
Ripple technology is revolutionizing global payments – empowering banks and corporations with frictionless transactions while simultaneously providing consumers greater access to banking services.
Ripple is growing rapidly: 200+ customers signed up for xRapid in 2018 alone – including SBI Bank, Cuallix, Western Union and MoneyGram – indicating broad adoption across industries (xRapid delivers a faster payment experience compared to traditional methods).
Furthermore, xCurrent – the blockchain product powering cross-border payments between financial institutions – now counts 225+ customers globally.
What makes these numbers even more impressive?
The Next Crypto Wave Might Soon Start
Investors are always looking for the next big thing in cryptocurrency, and it seems that on-chain data might soon reveal which digital asset is poised for explosive growth. While Bitcoin remains the undisputed king of cryptocurrency,
altcoins like XRP have been slowly but surely catching up. In the last 2.5 years, XRP has outperformed major altcoins like Ethereum, Litecoin, and Bitcoin Cash, and on-chain data reveals that this trend is likely to continue.
If you’re looking to get in on the next crypto wave, keep your eye on XRP!
How exactly did XRP outperform these other major cryptocurrencies? While there could be multiple reasons why XRP skyrocketed recently—including a general increase in awareness about its existence—there’s also solid technical evidence that may explain some of its gains.
A key one is Ripple’s intention to integrate xRapid, an application based on its token to allow payment providers and banks to further reduce their liquidity costs.
xRapid uses XRP as a bridge currency between fiat currencies so that payments can go through more quickly, cheaply, and efficiently than before.
It’s not hard to see how this is beneficial for both customers and businesses: customers will enjoy faster and cheaper transactions while businesses will save money by spending less on foreign exchange spreads.
What all of this means is that when xRapid goes live, we should expect significant boosts in transaction volume. When the number of transactions increases, so does the demand for XRP (remember: 1 transaction requires 1 unit of XRP).
Given that only 38% of all XRP tokens were being used at time of writing (with 62% still locked away), there’s a lot more room left for increased usage if things go well with xRapid.
All You Need to Know About RippleNet and xRapid
RippleNet is a decentralized network of banks and payment providers that allows for real-time, global payments. xRapid is a Ripple product that uses XRP to provide liquidity for cross-border payments.
xRapid has been shown to reduce the cost of cross-border payments by 40-70%. In the last 2.5 years, XRP has outperformed major altcoins, with a growth of over 35,000%. It can be concluded that in the next 5 years, XRP will outperform most other coins and could even become one of the best performing coins ever.
The cryptocurrency market was a bubble before 2017, but now it’s undervalued because we are at the end of 2018.
Most traders think that 2019 will see further decrease in crypto prices as governments continue to implement regulations on them. The outlook may not seem bright right now, but if we have any hope of emerging from this as winners then we need to keep our head up and eyes forward. With more competition between exchanges like Coinbase Pro and Kraken adding XRP trading pairs and more decentralization coming to exchanges like HitBTC;
it looks like 2019 might actually be an excellent year for cryptocurrencies, with room for new opportunities such as the Ethereum Classic (ETC) hard fork coming up in February or newer currencies such as Dfinity getting attention from investors all around the world.
XRP has consistently outperformed major altcoins, with a growth of over 35,000% in the last 2.5 years alone.
RippleNet – The Global Payments Network
RippleNet is a decentralized global payments network that uses the power of blockchain to provide a frictionless experience for sending and receiving money.
The network is powered by the native cryptocurrency XRP, which is used to facilitate transactions on the network.
RippleNet has seen tremendous growth in the last 2.5 years, with the number of active users increasing by over 400%. On-chain data reveals that XRP has outperformed major altcoins in terms of growth and adoption, with the majority of new users coming from Asia and Europe.
The success of RippleNet is due to its focus on providing a fast, efficient, and affordable way to send money globally.
These features are demonstrated through the use of XRP as the only digital asset on RippleNet, which offers significant savings when compared to other cryptocurrencies. There are also no chargebacks or fees associated with any transaction on RippleNet, making it one of the most cost-effective ways to transfer funds internationally.
While fiat currencies have typically been more popular in regions such as North America and Western Europe, this trend may be reversing, based on data collected on the distribution of active wallets (which provides insights into people’s preferred payment methods).
As economic turmoil persists around the world, these numbers indicate that people are looking for alternatives – including faster and cheaper solutions – to existing financial infrastructure.
In short, consumers want better value from their financial providers.
It’s possible that Ripple’s xRapid solution will become even more popular as demand increases: xRapid dramatically reduces the amount of time required to complete cross-border transactions while also lowering costs.
We anticipate strong long-term performance from XRP as demand continues to grow exponentially.
Understanding xRapid – Ripple’s Fastest Payment Solution
On-chain data from the last 2.5 years reveals that XRP has outperformed major altcoins, including BTC and ETH. XRP’s growth is unprecedented, and its speed and efficiency make it the perfect solution for fast payments.
xRapid is Ripple’s fastest payment solution, and it is already being used by major financial institutions around the world.
With xRapid, payments can be made in real-time, and it is scalable to meet the needs of even the largest businesses.
If you are looking for a fast and efficient way to send payments, xRapid is the perfect solution. You should choose XRP as your base currency when using xRapid because of the time saved on back end reconciliation.
You will also save money due to reduced foreign exchange costs with XRP. It’s time to choose what type of currency you want to use for international transactions: A slow and expensive crypto or a fast and cheap crypto?
The choice is simple; use XRP! On-chain data from the last 2.5 years reveals that XRP has outperformed major altcoins, including BTC and ETH. XRP’s growth is unprecedented, and its speed and efficiency make it the perfect solution for fast payments.
xRapid is Ripple’s fastest payment solution, and it is already being used by major financial institutions around the world.
With xRapid, payments can be made in real-time, and it is scalable to meet the needs of even the largest businesses.
If you are looking for a fast and efficient way to send payments, xRapid is the perfect solution. You should choose XRP as your base currency when using xRapid because of the time saved on back end reconciliation.
