The Future of XRP in 2023

The first predecessor for the Ripple project has been developed back in 2004 by John Fugger. It was one of the pioneer P2P money transfer systems called RipplePay. When the Bitcoin Project has seen the light for the first time, Jed McCaleb approached Fugger to make a competitor to the only crypto at the time. Fast forward to 2015, XRP is gaining more traction and is under McCaleb’s lead without Fugger on board. But nothing can escape the market, even the most advanced blockchain currencies, and in 2022 XRP faces even more controversies than others. The perspectives of this project need to be discussed to justify further investments.

Even after the crash of the crypto market in the summer of 2022, XRP is still included in the Top 100 tokens. Moreover, before that, the company has hit by a lawsuit by the US Securities and Exchange Commission. Despite this legal dispute, Ripple shows a growth of 130% from December 2020 to October 2022. In comparison to other market competitors, it is 3 times higher than the average.

XRP lawsuit explained

The Commission accused Chris Larsen (a co-owner of Ripple) of an unregistered digital asset securities offering. The sum raised as a result of these operations counted above $1.3 million USD. According to the recent news, both parties want to start the summary judgment in the following month. Such pace can only mean that they have found some sort of agreement as opposed to the desire to bring it to the trial.

After the case will be closed, it will result in the rapid growth of the market price. Bolder predictions state that XRP will reach the $10 mark, which is more than double the current price. However, it is sensible to avoid buying obscene numbers of Ripple tokens to store them in your wallets. Instead, you can store them on the BTC gaming website.

What are BTC and ETH gaming?

Hard to believe, but cryptocurrencies took the world of gambling by storm only a couple of years ago. What is even better right now many of the recent developments use the Ethereum game kit to create blockchain games! Traditional gambling websites, however, do not seem to switch to another platform offering just an ability to bet with crypto on the regular games:

  • slots;
  • table games;
  • bingo;
  • high or low.

The latter may not be familiar to modern slot enthusiasts yet the concept is pretty straightforward. The goal is to guess how is the next symbol, card or number will be in comparison to the current one. It is where the name of a high or low game is coming from.

Closing thoughts on XRP

In a place where traders tend to make completely blind predictions to break even, nothing stops them from gambling. The principles and risks are the same, yet the entertainment value is on another level. Play using your XRP saving in order to multiply them in the coming price growth. Plus, you can always convert your winnings into another crypto on high-to-low game websites.

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