Despite the ongoing legal battles, the Ripple XRP token continues to attract increasing attention, many in cryptographic space showing optimism on its future. A recent survey by Patrick Bet-David has shown this change, showing that 43.8% of respondents think that Ripple has the best long-term technology, while Bitcoin received only 35% of votes. According to social media, Bitcoin investors feel frustrated and confused by increasing excitement surrounding the XRP community.
Eric Yakes, author and managing partner of Epochvc, expressed his reflections on the situationexplaining that the longtime presence of Ripple on the market has aroused interest. “Ripple has existed since 2012, and the question remains: how was it used?” What did it? Said Yakes. While the Ripple network initially aimed to facilitate payment payments and to serve as a banking settlement system, its objective has moved to the creation of a central bank digital currency (CBDC), a management that Yakes opposes.
“His best scenario is that it is a CBDC and that his XRP token will not be used for this. There is no value that will accumulate in this token, so if you think it will never win, “he said.
Despite concerns about her past marketing tactics, Ripple’s ability to generate significant value thanks to a large pre-minion and effective marketing campaigns has drawn the attention of investors.
The involvement of Ripple in the facilitation of payments via Ripplenet currently sees $ 7 billion in payments treated each year, even in the middle of an in progress with the dry. This success has created a story that helps XRP gain ground, leaving Bitcoin investors wondering why the Ripple project thrives in the face of adversity.