XRP: When Will XRP Moon?
If you have been around the XRP community for any length of time, or you've done your own research apart from the community, you've seen the smorgasbord of facts leading to the long-term success of Ripple the company, and XRP the decentralized digital asset. Partnerships, funding rounds, new remittance corridors, XRPL developer tools, and more are set in motion to help build the internet of value, where money moves as quickly and seamlessly as information does today.
The question isn't whether XRP will moon or not as it hit its ATH, or all time high, of $3.84 in January 2018 during the last crypto bull run. The question people are asking now is, “WHEN will XRP moon?”. Or “when moon” as some would say. It's a fair question to ask during this extended bear market that has retail investors on the edge of their seats waiting for a sign of some sort to help catapult the bulls into high gear.
As Brad Garlinghouse, CEO of Ripple, says in a recent interview by fortune magazine, “If I could predict the price of crypto, I wouldn't be here right now”. Brad was hinting at the fact that even he can't predict what the price of any digital asset will be in the next month, year, or 5 years from now. No one or no group has the ability to accurately assess crypto pricing as the market has a mind of it's own. For example, one day XRP could go up in the green 0.25%, but the next day it could fall 2% in the red.
Right now, speculation is the main factor driving the market. In the near future, it is expected that utility drives the pricing and that speculation has less and less a role in volatility spikes. Ripple is the most diligent team out there grinding everyday to build that utility since, let's be real, it won't get built on it's own. XRP haters complain that the coin is “centralized” because Ripple owns over 50% of the total supply. Network centralization and asset ownership are 2 different notions entirely.
So When Moon?
The most basic answer is, no one really knows.
I think “when moon?” is the wrong question to be asking at this point in time. The question needs to experience a shift from, “when moon?” over to, “How can I best capitalize on the existing market pricing to maximize my stake in the asset?”. The reasoning for this is because neither you or I have control over price. Why focus on something that can't be controlled when there are many other, more productive matters, that CAN be controlled.
*Proactive Activities:*
Research
You can control the amount of time you spend researching factual information on the asset you're invested in. A few reputable websites that come to mind are xrparcade.com, ripple.com/insights, xrpl.org, and xpring.io. Spend time submersing yourself in what is truly happening in the IoV ecosystem without biased from “riddlers” on Twitter.
Bag filling
You can control the amount of XRP you are continually adding to your account(s) or the slang term, bags. Mature investors look at long-term potential as opposed to short-term gains. Either be diligent using fiat to buy XRP or earn it on sites such as Coil and Cinnamon.
Mindset training
You can control the information you are allowing into your mind that shapes the way you think. Picking up a book or watching videos such as Ted Talks that make you question concepts and alter your perspective are crucial to continuous growth.
Talent contribution
You can control what you contribute to the IoV in terms of your talent and abilities. Content creation, app development, community building, the options are endless. Conjure up your imagination and go to town thinking what you could do to help build the ecosystem.
I want XRP to moon just as much as the next person. But, I also know that Ripple is literally restructuring the plumbing of the current world financial system. A feat such as this does not get accomplished overnight. Focusing on matters which can be controlled will help you to maintain a positive attitude today and a positive outlook for tomorrow. Nothing worthwhile is going to get accomplished when done in a bad mood.
It's best to replace fear with hope, and bitterness with gratitude. Remember, it's not a matter of if XRP will moon, but when. If you are a true believer in the team and the technology in place with Ripple and XRP, keep grinding. The market will go up strongly again as it has in the past, making good preparations is the key to long-term success in this game.
Thank you for reading.
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