Why is Ripple considered as potential coin?

[JohnMacZeppelin]

I unfortunately can not know who exactly thinks so, because I think that Ripple is not a perpetual coin. Because its structure and the number of coins being traded to me can not exactly be known, there are a lot of bad rumors about this project.

[Matrond]

I think it's also because it has a strong backing from financial institutions. The high amount of capital and transactions that they can place into Ripple means that it'll continue to have strong demand.

[kaeluxdeuz]

I think the main factor is because its market cap value is quite high and has potential to reach bitcoins market cap value if the actual price reaches $5 or more. Theoretically it can be done.

[LeroyBro]

What I don't get is - why do so many people love ripple? Seriously, it's backed by banks, governments and the whole corporate culture that comes with those.

I think this goes against most of what cryptocurrency stands for, like anonimity, privicy, so on. Do people just want profit? 

[prince05]

Ripple is a stable coin, making it a potential coin to lead the race of altcoins. Being stable gives us more security on our investments, as well as still keeping our transactions still anonymous. Ripple also has low transaction fees and the network is not congested not like bitcoin which fees are so outrageous.

[lelou]

Because this coin is backed by the banks and governments. Maybe this is the reason why people invested and supported this coin.

[sudhirratra68]

Ripple is a potential coin. Ripple is both a transaction network and crypto token, XRP, that was launched in 2012.

But ripple’s foundations are actually older than bitcoin itself and can be traced back to 2004 when it was conceived by creator by Ryan Fugger.

The ripple token was created as the go-to cryptocurrency for banks and global money transfers – ripple’s creators tout it as the “fastest and most scalable digital asset” for real-time payments anywhere in the world.

Ripple’s leaders believe that the token’s main selling point is its liquidity, speed, and low transaction fees.

RIPPLE prices have skyrocketed in value since the start of 2018, sparking a craze over the new cryptocurrency. Ripple’s total market capitalization is now valued at more than $129billion (£95billion), according to CoinMarketCap. This makes it the second biggest crypto on the market after bitcoin.

Another important factor is the number of both tokens. Currently, there are just below 17 million bitcoins in existence, compared to ripple’s 40 billion.

[RokokGudangGaram]

I think the main factor is because its market cap value is quite high and has potential to reach bitcoins market cap value if the actual price reaches $5 or more. Theoretically it can be done.

very true and if in my opinion also coins ripple coins that have good potential and the market cap value is also very high and this coin is also supported by the bank and government as well