Brave the crypto bloodbath and stock up on Ripple (XRP)
In 2008 when the stock market was tanking, most investors liquidated their positions even in the most fundamentally strong stocks. However, there were some shrewd ones who were doing the exact opposite. They were coming into the markets and buying like never before. Warren Buffet was one of them. I remember reading a financial times article from 2008 with the headline: “Buffet buys BYD stake”
Remember this was at a time when the market had collapsed, and BYD had tanked by over 56%. Today the stock is trading at over $60, way higher than the less than $20 it was trading at, when he bought it.
So how does all this relate to ripple (XRP)? Well, there are lots of correlation. Just like the 2008 stock market crash, the crypto market has tanked. Coins such as Ripple that were hitherto trading at high valuations have seen their prices collapse. With this collapse, many have liquidated their positions out of fear. But if you want to make money, this is the time you should be stocking up on Ripple. Its fundamentals are solid. Take for example its recent adoptions, whose announcements have been swallowed by the growing news of the market crash. Here are some of them.
- Ripple (XRP) has been adopted by the national bank of Abu Dhabi
The national bank of Abu Dhabi is the biggest bank in the UAE, and is one of the most respected in the world. A few days ago, this bank announced that it would be integrating Ripple into its systems, to help make international transactions more efficient. These are news that have come at a time when the value of ripple (XRP) is hovering around $0.60-$0.74, making it an unprecedented buy opportunity!
- Santander group is rolling out ripple-apps in 4 countries
This is huge news and further serves to increase Ripple’s fundamental value. In case you didn’t know, Santander group is one of the biggest banks in Europe, and the fact that it is adopting XRP is a great validation for this coin. Through the Ripple powered applications, customers will be in a position to send money across boarders instantaneously, and at very low costs. This is the perfect time to buy XRP given that this deal comes at a time when ripple (XRP) prices are heavily depressed.
- Ripple has partnered with IDT Corporation
IDT Corporation announced that it would be using Ripple to increase efficiency in its global currency transfers. This is big news considering that IDT is a major American corporation, and with this action, it increases the fundamental value of ripple (XRP) as a usable coin.
From all these adoptions, one thing is clear, even as the crypto bloodbath continues, ripple (XRP) is fundamentally sound. Clearly, the price of ripple today is nothing close to its true value. This is arguably the world’s biggest financial technology company in the world, and it’s valued at less than a dollar! As a smart investor, this is the time to do it the Buffet way. Buy up while the market is still depressed, and hold for the long-run. Don’t be surprised if XRP hits $5 and above in coming days.