What can $500 get you these days, when inflation worries are on everyone’s mind and economic uncertainty is at home? Provided that you’ve covered the daily necessities and bills and your emergency fund has your back, you’re probably evaluating promising cryptos (or any other investment vehicle) with the thought of investing in this market and broadening your portfolio. But have you considered expanding it with options going beyond Bitcoin? Because yes, there are high-cap cryptos with just as much potential to inflate – if not even more. According to leading news outlet USA Today, XRP, Ripple’s crypto, is this year’s smartest digital coin to buy with $500.
It’s only human to want to catch the next big wave, so when heavyweights like USA Today make such big and confident statements knowing that they have the power to sway people’s decisions and turn curious-minded into determined buyers, encountering some type of FOMO is justifiable. But make no mistake! There’s no piece of writing that should convince you to do anything you’re not ready for. In other words, make a point of educating yourself thoroughly. Do the painstaking process of learning exactly why this media outlet’s writer, Will Ebiefung (writing under The Motley Fool), considers XRP the worthiest coin for your $500. That, or read the following rundown that summarizes the freshest XRP news today right now for a solid starting foundation.
What Exactly Did Will Ebiefung Say?
A USA Today-published article authored by a contributor from The Motley Fool describes Ripple’s token, XRP, as the smartest crypto to buy with $500 at that moment of writing. The article doesn’t compare it with other cryptos, so it doesn’t draw a parallel between it and poster children Bitcoin and Ethereum. But it paints a bullish picture that draws from a few key developments:
- Growing institutional interest, especially due to the launch of the newest BTC and ETH ETFs
- An improving regulatory landscape in the U.S. with the newest administration
- Rising public acceptance and use of crypto and crypto-related products
- The upcoming launch of a Ripple-backed stablecoin named RLUSD.
Optimism Doesn’t Translate Into Guarantees
It’s not difficult to see why XRP’s gaining momentum and drawing appreciation; the asset climbed over 170% in a short period of time, driven by growing market confidence. Not to mention that Ripple can rebuild trust with collaborators who have distanced themselves from it during the SEC lawsuit, which once clouded the project’s future but is now coming to an end.
The launch of Ripple-issued U.S. dollar stablecoin, shortened RLUSD, additionally brings a glimpse of hope in that it practically extends Ripple’s action to revolutionize cross-border payments. Stablecoins may not be new, but Ripple’s entry into the space contributes a lot as it bridges the gap between crypto and financial finance, especially when backed by real-world use cases, regulatory compliance, and partnerships. This type of utility is what has been missing from the crypto industry so far, justifying the skepticism of a significant portion of people regarding the industry. These days, cryptos like Ripple’s XRP are strengthening the already laid foundation for decentralized, secure, and user-centric transactions.
The Case For Institutional Adoption
Due to the massive potential held, which has been reflected by the considerable gains made by XRP investors over time, be they day traders or holders, the asset has been approached as a retailer’s investment for quite some time. However, those patterns have since expired; XRP has been on the radar of institutional investors for quite some time. There’s real talk about institutional adoption among banks, remittance services, financial infrastructure firms, and others, who are actually integrating Ripple’s technology into their operations. For long-term holders who have dreamed of times like these, these fintech trends serve as confirmation that they made the right bet. XRP is becoming a digital asset used not only as a speculative tool, but also as an integral part of the financial system.
However, it pays to remain cautious and remember that phrases like “rising mainstream adoption” have long been the frontline in crypto news, promising developments that never fully materialized or that didn’t match the reality, where adoption moves at a slower pace than hoped for. Just because XRP is designed to be cheap, fast, and secure doesn’t mean it will become the headliner overnight – it takes time to experiment with such new technology, ensure it’s safe and better than ages-old traditional finance, and know for a thing that it’s worth its shot.
Headlines Versus Fundamentals
Headlines are, by default, intended to be moving, impactful, and trend-setting; those claiming an investment vehicle as the “smartest buy” may or may not be aware of the power of their words. After seeing XRP grab the headlines, investing in it might seem like the next, smartest move to do, all the more since crypto is so unpredictable and volatile and making it difficult to set your mind on one champ. If you feel an urge to buy instantly after coming across such laudable news, there might be a bit of FOMO subtly guiding your behavior. If you’re relying mainly on the headline without delving into a project’s fundamentals, aka use case, market structure, long-term viability, etc., you’re making a guess rather than investing.
XRP has strong fundamentals, having gained traction in international remittances, with major financial players such as the Bank of America, SBI Holdings, and Santander closing deals using the blockchain for payment solutions. With its steadily increasing institutional adoption and evolving regulatory landscape, the project remains a leading actor in the digital asset ecosystem. Yet, whether that means it deserves your money, be it more or less than $500, depends more on your personal risk tolerance, your goals, and your understanding of this technology and how it will evolve in the broader economic picture. Crypto is fantastically volatile and unpredictable, a reason for which you’ll thank yourself for doing your research before investing (all the more if you plan to test the waters with large amounts of money).
Endnote
There shouldn’t be something as “the smartest buy”, regardless of the industry we’re talking about. What’s smart for one person might be mindless for another, and vice versa. If you believe in Ripple’s vision and are confident about stablecoins that work in the traditional finance picture, XRP might be a good pick. Otherwise, you’ll need good research on the industry.
All crypto investments should be intently calculated, as is the case with any investment whatsoever.