A new fund from Ripple will be alternative goal to sponsor XRP. On its basis, decentralized projects will be supported.
The Ripple developers seriously intends to create its own business incubator, on the basis of which decentralized projects will be able to get the support necessary for further development. Work through XRP will open up opportunities for investors to “recycle” the crypto currency with the extraction of benefits in the form of inspections into promising ideas.
The main idea, as well as the structure of the fund, was largely borrowed from the team of the Ethereum. However, the differences in the structure of project ecosystems, as well as the difference in technical characteristics, will allow the Ripple team to follow its own path of development.
Cryptocurrency Ripple (XRP) outstripped bitcoin (BTC) in terms of price increases last year. Since then, it continues to be the focus of attention and receives regular coverage from popular media such as CNBC and Forbes. Last year, it was about ambitious partnerships and Ripple deals, which gave investors confidence that the value of Ripple (XRP) would exceed $3. Although this year’s growth is hardly possible, given the recent problem with the SEC.
Ripple (XRP) was still unprofitable to buy, and most professional traders preferred to wait. However, now the cost is exactly in the range that looks attractive. Technically, Ripple (XRP) at this price to buy is profitable, but is this a good buy? Ripple (XRP) has recently faced the SEC’s problems regarding its definition as a security, but the company believes that this is just a tactic that prevents investors from Ripple (XRP) and similar projects. Ripple (XRP) recently became open to regulatory initiatives due to the CEO, Brad Garlinghouse, who has repeatedly reported this in his Twitter account.
And although Ripple (XRP) may currently have difficulties with the SEC because of its status, the SEC’s clear statement that Ripple (XRP) is not a security can contribute to the listing of coins on the largest exchanges, including Coinbase and Gemini. Perhaps, it is for this reason that Coinbase has not yet included Ripple (XRP) in the listing. On the other hand, if Ripple (XRP) is recognized as a security, it can be a crushing blow not only for it, but for the entire crypto-currency market. This will also be a big blow to the blockade technologies and all the efforts made to date.
Keeping in mind the consequences of this step, the SEC is unlikely to take such a tough approach. In addition, government bodies will also oppose such a step, as well as large financial institutions that are just beginning to work in this area. The SEC, which did not take such a step, will gain more confidence from investors. After a while, the money flows to cryptocurrencies, support and influence for this money will also increase.
For many decades, large financial institutions controlled the government. All these fears and uncertainties help these institutions to control the price, getting more time for accumulation. After the funds have accumulated, all financial products: Ripple (XRP), options, forwards, ETF and others will become commonplace, for example, banks will sell them to ordinary people. If you buy now, you will do it with banks, but if you do this after years, you will already buy them from banks.