XRP’s Moment of Truth is Approaching
We all have our moment of truth. So do ideas. The moment of truth for XRP is fasting approaching.
All throughout 2018 we have researched, written, theorized, speculated, riddled, predicted, argued, and rationalized on the fundamental possibilities and sustainability of the crypto asset XRP and the suite of XRP based software solutions developed and marketed by Ripple. We have sat back and watched as partnership after partnership was announced. We viewed endless YouTube videos by XRP supporters who were excited to bring us every piece of news related to the asset and its potential.
Now the moment of truth approaches.
Just last week we saw Ripple CEO Brad Garlinghouse casually interacting with the Deputy Managing Director of the International Monetary Fund. The flow of communication was both informative, respectful to one another, and fun in nature. This in and of itself is a strong indicator that much is going on behind the scenes.
The architecture supporting XRP has been expanding for at least two or more years. Central banks and large commercial banks, along with cross-border payment providers have all been investing time and money into this XRP infrastructure. The purposeful development and expansion of Ripple based services add a deeper level of importance to the infrastructure and widespread adoption of XRP as the dominant digital asset moving into 2019 and beyond.
It’s been a tough year for those invested in the crypto market. We’ve gone from all-time highs to new lows for the year, with 70% to 80% of the market value shedding itself throughout the last 12 months. With each failed prediction on a new bull market, the depression for many ran deeper and longer.
But as with all things, nothing stays the same forever.
The fundamentals of the crypto market, and specifically XRP, are undeniable. The birth of a new asset class is something the world hasn’t seen in many centuries. We have no reference point to assist us in understanding the dynamics of this developing asset class and market. As such, there is much misunderstanding and intentional misleading as everyone stumbles around attempting to figure it all out and be the one to make accurate predictions on price and utilization.
Beggars want to be kings and kings want to be greater kings. Each of us seeks out XRP knowledge and riches for our own reasons. Some are enthralled by the process of development and implementation more than price. Others are strictly focused on upward price movement and untold riches. There are many who populate the temporary wastelands in between. We roam about wondering “when moon” and follow those who proclaim to know something which the profane do not. Those who make such claims are indeed the profane amongst us, for the accumulation of knowledge and wisdom are two different things. Wisdom is the key to managing knowledge. Do you see profane Man? The king and the beggar are one and the same.
Upward price movement of XRP is inevitable. So is another overall crypto bull run. That’s who cycles work. Nothing stays the same forever.
The world will change in 2019 and the crypto market will be leading the charge on those changes. XRP will be leading the crypto market through real-world utility and adoption. It is as inevitable at this point as tomorrow. The amount of investment of time and money into the XRP ecosystem will not be undone and discarded. It will continue moving forward and growing as it takes over sector after sector of the global economy and existing financial infrastructure.
The light bulb cannot be uninvented. XRP’s moment of truth is approaching. – JC
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JC Collins can be contacted at email@example.com