One of the most widely read financial blogs, XRP is on the list of the most important cryptocurrencies other than Bitcoin.
Over the past year, XRP has Removed from top 5 cryptocurrencies By market capitalization. But still, popular financial blog Investopedia lists crypto assets as one of the most important things investors should know about, apart from Bitcoin.
Investopedia’s blog states that its ranking is based on cryptocurrencies that have “held up through price spikes and crashes.” The magazine named Ethereum and Tether’s USDT stablecoin as the most valuable coins, with XRP coming in third place.
In particular, this article details the key differences between XRP and other cryptocurrencies such as Bitcoin, which runs a Proof-of-Work (PoW) consensus model, and Ethereum, which has a Proof-of-Stake (PoS) mechanism. I’m explaining. Investopedia writes that XRP uses a different approach because the client application sends data to his XRP. XRP Ledger The server,validator checks and processes them.
The latest mention by Investopedia is not only a great education for newcomers to the cryptocurrency scene, but also highlights XRP’s already established position among other altcoins. XRP Ledger has been running since 2012 and is one of the oldest blockchain networks.
On the other hand, a comparison of XRP price movements since the publication of the Investopedia article shows that investors could have realized some profit if they had purchased XRP based on the recommendation.
XRP breaks above $0.70 since Investopedia article
On August 25, 2023, the same day that Investopedia released its ranking of the top cryptocurrencies other than Bitcoin, the XRP price traded at an average of $0.51. Since then, the cryptocurrency has seen a significant rise, soaring to $0.7 in the first week of November.
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The cryptocurrency has since fallen along with the broader market, but its press time price of $0.53 means investors could still profit if they entered earlier. Either way, positive mentions of XRP, especially in widely read publications, will continue to shape the public narrative around the cryptocurrency and pave the way for broader adoption.