Ripple is one of the eyes of those who want to invest long-term and ranks third in market volume. I am happy with the ascension, but I see a little more cautious approach.
Although Ripple is a good coin which is No.3 in the crypto market and was accepted by many bank center in the world but i don't think it's good for long term investment. Why?
- Max Supply is 100 billions Coins, Circulating Supply now is 39 billions coins and Market Cap of Ripple is more than $30 billions. If Ripple's price reach 8$ most likely it will pass Bitcoin to be No.1 of the crypto market, but this is hard to happen because it's hard to have a coin can pass Bitcoin in a few years. So i think Ripple's price can only $1 - 3$. Having many better choice to long term investing.
- Ripple is not decentralized because Ripple controls RippleNet and they own a whopping 62% of the total XRP coins in existence.