The cryptocurrency market has been walloping in selling pressure for about three weeks now. Investors who are looking at more than 1,500 digital assets listed on CoinMarketCap have a lot to consider before making a purchase. The usability of a coin has become one of the main reasons why people decide to buy and hold digital assets. The other aspect that is gaining traction is the price of the asset. While Bitcoin has dropped from trading above $8,000 to slightly above $7,000, it is still very high compared to the price of Ripple (XRP) and Qtum (QTUM). The prices of most of the assets including the two above are in the red. It is attractive for both the short-term investor as well as the long-term holder. The long-term investor has more to gain because the prices will recoil in due time.
Why Buy Ripple (XRP)
Ripple has managed to stay relevant in the cryptocurrency market due to its groundbreaking solutions when it comes to cross-border payment and remittances. Ripple is more or less a leader in money transfer sector moreover, all this is achieved by the use of Ripple public ledger. The bank Santander is one of the most influential partnerships Ripple has made. It is using Ripple’s xCurrent and xRapid solutions to achieve faster cross-border payments. Other significant partnerships include UniCredit, UBS, Western Union and other banking institutions across the world.
XRP is exchanging at $0.58 at the time of writing. This is a long way to $1.0 besides, Ripple has the potential of breaking its all-time high traded earlier in the year. Ripple recently entered into another strategic partnership with South Korea’s Bithumb. Furthermore, Japan is getting ready for at least six new crypto exchange companies that will be offering Ripple (XRP) trading along with other assets. This and other amazing developments are bound to make Ripple surge in price towards the end of 2018.
Qtum is what I would call a waiting time bomb that will explode in due time. The team is focusing on the development of the technology that is going to be a force to be reckoned with in the industry. They have already released the Qtum X86 Virtual Machine. QTUM/USD is trading at $12.82 at the time of writing, besides this a good entry position for such an asset.
Furthermore, the release of X86 Virtual Machine was a major milestone for the team, the community, and the larger crypto market. There is a need for platforms that support developers who want to launch their dApps. Qtum has joined the likes of Ethereum and NEO and is slowly becoming a go-to platform for developing applications. A platform that has a wider application has the ability to attract partners and can stay relevant in the market. Buying Qtum now could mean excellent returns in the near term. It is a digital asset that is worth looking into for an investment opportunity.
The above two coins have great potential and could soon be surging in price as the market shakes off the bear pressure. They are both constantly improving their technologies and expanding their partnerships. Bringing solutions to the world also accelerates the demand for the coins which has a ripple effect on the price. Ripple (XRP) and Qtum (QTUM) could mark the best decagons an investor has ever made in the cryptocurrency world.