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Ripple: Description and Advantages Of The Project

cryptocurrency analyses

Now that the entire crypto market is undergoing a downturn and probably all the asset prices have dropped sharply, many people see great opportunities in this large-scale collapse. Buying popular crypto-assets at a low rate is a chance to make a fortune in the future, and wise investors know it for sure.

The most promising projects worth investing in this downtrend market are:

  • Bitcoin
  • Ethereum
  • Ripple
  • Solana
  • Cardano
  • Litecoin.

Why does Ripple stand along with such crypto giants as BTC or ETH? Let’s find it out. (1)

What Is Ripple?

It is both a payment method and a network. The native token of the network is XRP. This asset is on the top cryptos in the ratings in terms of capitalization.

Why does Ripple stand along with Bitcoin, and why do we dare say Ripple is better than Bitcoin? The answer is simple – Ripple network performs lightning-fast transactions, it can proceed up to 1500 transactions per second. It is the main Ripple advantage compared to Bitcoin. Users really appreciate high-speed transactions. The network is capable of performing transactions of many users simultaneously.

The Ripple network supports cross-chain transactions and charges lower fees, so using XRP decreases your spending and increases efficiency.

You may find the current price of Ripple coin on all popular crypto exchanges. As of mid-July 2022, the XRP USDT pair is traded at $0.3118.

Where To Buy Ripple?

Since this asset is on top cryptos by marker cap, you will find it on all credible platforms. Check out one of the largest exchanges in Europe, WhiteBIT. It offers over 400 crypto pairs and also pairs with fiat currencies. So you may buy digital assets with dollars, for example. The platform offers numerous advanced trading tools that may interest you. The fees are average – 0.10%, and it does not matter what your transaction amount is – the fee does not change. (2)