Etoro senior analyst Mati Greenspan is offering his take on Ripple and XRP.
As with other cryptocurrencies, Greenspan told AMBCrypto that he considers XRP to be a high risk asset because of the volatility of the emerging market. In addition, Greenspan says the success of XRP is arguably tied to how successful Ripple ultimately is at transforming the world of cross-border payments.
“There was a report put out by one of the executives at Ripple who mentioned that there was only a 25% chance of long-term success for this project. So we need to take that into account.
So yes, if it does end up becoming the standard for global payments, then certainly [XRP] stands a lot to rise in value, even in a very short amount of time. However, when you’re thinking about an overall portfolio, you don’t want to risk too much of your equity on something that’s only a 25% chance of coming to pass.”
A new report from Diar looks at the current state of institutional trading in the Bitcoin and cryptocurrency markets.
According to the analysis, the amount of money flowing into institutional crypto investment firms like Grayscale reveals big players are placing a premium on regulatory compliance.
“In the first three quarters of this year Grayscale saw net inflows to the tune of $216Mn into its Bitcoin Investment Trust (Diar, 5 November). And while interest has slightly worn off from peak hype, the record inflows have resulted in Grayscale holding custody of over 1% of Bitcoin’s circulating supply.
The shift could be a sign of investors seeking private placement in a market that has seen regulatory clarity, at least in terms of Bitcoin, the development of custody solutions, many of whom have also secured insurance cover, as well as multiple Over-the-Counter trading desk avenues.”
Tron just launched a mainnet update with a number of important features.
According to the release notes on GitHub, version 3.2.2 modifies the platform’s broadcasting interface and implements a number of improvements to boost speed and streamline data management.
The update “greatly improves” block speed processing times, especially when machine performance is poor. It also compresses transaction space, lowering the database space required by 25%.
You can check out the full release here.
