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Ripple Chief Market Strategist: XRP is two times better than Bitcoin

Published

5 years ago

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Ripple

Since the inception of cryptocurrency and blockchain technology, every single project has been taunted with being lacking in something. We all know Ripple’s XRP has been called a security for long now, Bitcoin tend to have some real issues in it though. Scalability has been a point of discussion on the Bitcoin platform. Lighting project was the closest solution to the scalability issue on the platform. Unfortunately, the lighting platform is not going to be in operation in full gear until the year 2020.

At present, thousands of settlements go unconfirmed, and Bitcoin’s blockchain technology is arguably said to be running at a 90 percent capacity. Bitcoin cannot afford to be behaving this way with its scalability issues considering the many competing options available in the market.

Thoughts of Cory Johnson on XRP being polished Bitcoin

In his usual nature, Cory Johnson is not letting Bitcoin’s scalability issues plaguing the number one ranked crypto go by without capitalizing on it, letting his voice known by saying Ripple’s XRP is two times better than BTC.

Naming some renown personalities like Paul Krugman, Johnson spoke about the many people who are complaining about Bitcoin blockchain technology’s failure to make significant development in the cryptocurrency side. Johnson said:

“What Bitcoin is going to do is make commentaries and critic remarks about how blockchain technology does not function for anything. Crypto critics claim that it takes about 20 minutes for Bitcoin to complete its transactions. Their remarks quickly shift from blockchain does not do anything to Bitcoin does not do anything.”

In regards to the mentality and perception of individuals about blockchain technology, Johnson stated that he believes that a couple of things happen when people get tangled in blockchain technology and start reading about it.

According to Johnson, there are many unintentional biases developed by individuals who have cashed their money in this industry. For example, the Ripple strategist gave the instance of Binance CEO statement when he said he would not be giving any reporter an interview if they did not have any investments in cryptocurrency.

According to Johnson, Binance CEO might be inviting some biased treatment if he goes by this approach, but one thing that individuals should try not to forget are the facts. For Bitcoin blockchain technology, it takes about 20 minutes to complete a transaction but for default Ripple virtual currency, XRP, it takes about 1 second to perform 1500 to 2000 transactions.

Cory added,

“The people who created XRP looked at the blueprint that Satoshi developed about Bitcoin and retorted to themselves that this is amazing. This could be reasonable at scale, but we can make it better ensuring some of the major issues that need total openness are settled.”

The Solutions Ripple Offers Suit Everyone

According to Johnson, it is not the wish of financial institutions, banks, and generally everyone to have their transaction-related information exposed, as they would always prefer more privacy and security as well. If this is your case, Ripple blockchain technology is your answer that can provide all that.

Concerning the blockchain industry and cryptocurrency ecosystem, Johnson says that a lot of companies are showing signs of adopting RippleNet’s technology in the future. But at present, Cory oozes in confidence that Ripple is leading the path in this regard.

At the time of writing, Ripple has over 100 paying customers, having moved over a billion US dollars’ worth of XRP across their platform. The blockchain firm is inventing new pathways for the entire financial industry.

In the end, in Johnson’s opinion, those critics that associate the scalability failures of Bitcoin to the shortcomings of blockchain technology can be compared to individuals who condemn a particular mode of transportation without considering the alternatives available.

Looking at the statistics between Bitcoin and the blockchain firm of which Cory Johnson is a part, it is safe to say that Ripple is Bitcoin 2.0.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

Published

4 months ago

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December 29, 2023

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

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December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

on

December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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