Crypto prices are crashing. But it’s a good time to shop for deals. Bitcoin has historically always bounced back from dips. With prices down by an eye-popping 23% from the start of the year, Bitcoin has given back practically all the gains it enjoyed in anticipation of President Donald Trump’s election victory.
XRP is less proven than the alternatives, but its active development team could give it a long-term edge. XRP was designed to serve as a bridge currency for international money transfers. RippleUSD shares the same ledger as XRP, boosting traffic on the network and transaction fees, a portion of which are removed from circulation through a process called burning. And while XRP doesn’t have the same level of prestige as Bitcoin, it can still attract institutional attention after the creation of several new XRP spot exchange-traded funds (ETFs).
These allow investors to gain direct exposure to the asset without dealing with cryptocurrency-specific complexities such as digital wallets and custody. Which cryptocurrency is the better pick? With its much smaller size and active development team, XRP probably has more growth potential than Bitcoin. Investors should also remember that while crypto looks poised to bounce back, it will be very difficult to time the bottom of this downtrend.
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