The digital currency market has been dominated by Ripple’s XRP for the first half of the year. XRP finished its second financial quarter up 3,977 percent from the beginning of the year at $0.26. It has now dropped to about $0.19, but this is still an impressive display of growth and strength.
Meanwhile, despite some rocky days, many experts think that now is the best time to invest in cryptocurrencies — whichever platform appeals to you. While some are worried that the cryptocurrency market might be experiencing a bubble, others see this period of rapid growth as a sign of larger changes in the world economy. As countries like China and Japan sway the cryptocurrency market, it becomes clearer that close attention to technological advancement, a desire to achieve cybersecurity, and a need to control one’s money are the decisive factors for many cryptocurrency investors.
This makes Ripple’s focus on international payments seem shrewd, and feel like a strong explanatory factor in XRP’s current strong position in the cryptocurrency market.
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.