If you have followed Cryptocurrency for last few years, I notice sometimes the top 5 coins, when times are tough, the other try to take over the top spot. It happen with Ethereum, Bitcoin Cash and Ripple. All of these coins, came close one time topple Emperor Bitcoin. They have never gone past Bitcoin Market Cap. Remember the Bitcoin conflict to fork or not to fork and that created Bitcoin Cash. Soon Bitcoin Cash came around possibly 50% of Bitcoin worth at one time. Ethereum, during the ICO madness, some speculated it will take number one.
Well, looking at these coins only Ripple XRP is quiet. They don't really have any bad news about them. All these other kinds seems to be in a weak spot - Ethereum, ICO is down, Bitcoin Cash has controversies of changes and Bitcoin itself is pulsating from from $5k -$8k with no ETF in sight.
So we have Ripple. Ripple has a way to boom from out of nowhere. One time it was a less then a penny and then it hit the 10's of pennies. It falls back down to less then a penny. Then nothing for a long time. Again suddenly it goes from 10's pennies to $1 then $2 then $3. Again it falls back down.
It has been a while since we have heard of Ripple XRP. Bitcoin ETF is nowhere in site. World wants to get away from the dollar and stop using the SWIFT system do to politics. Ripple do not have total control of its nodes, so in theory people can use Ripple all around the world to get money to different places. The US government can't force a US crypto company. If that is Ripple is decentralized. Ripple is saying it is.
Is it time for someone else, to take on Bitcoin when it is down. Of all the coins right now, Ripple is it. It has another opportunity to make a run. Usually Bitcoin comes to answer, but will it this time. If it hits $3 now, Ripple will be King. Whoever holds most of the Ripple XRP, may hold the keys or some influence.
Think of what the globe is saying. They keep wanting a multi-national control of finances not one country or one region. Where here is your chance with Crypto. In blockchain money it's all about consensus, whoever holds the most can influence the coin currency. So say China holds 20%, Europe holds 15%, some other nations hold around 5% or less, a group agreement will have to form to change the financial policies of that coin. Since one coin may not have to rule them all, you may have other coins that can compete and balance it out.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.
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