After years of legal battles, Ripple finally prevailed over the SEC.
The price of $XRP is on the rise again, and the future may be more promising than ever.
🔁The XRP ecosystem is not just a trading currency, but an integrated system serving banks, financial institutions, and global companies.
🔥Promising projects are developing advanced solutions in many areas.
‼️What is Ripple and what does it do?
Ripple is an American company that connects banks and financial institutions to the RippleNet network to speed up international transfers. 💥
It has three main solutions:
- xCurrent: Instant settlement of transfers across banks.
xRapid: Providing liquidity through the use of XRP
xVia: A unified interface for sending payments globally
Most importantly, Ripple relies on a blockchain network called XRP Ledger (XRPL).
So, what is XRP Ledger?
A fast, cheap, and environmentally friendly blockchain network (as they say).
- 3-5 seconds per transaction
- Nearly zero fees ($0.0002)
- 1,500 transactions per second
- Built-in DEX and support for select currencies.
Operating steadily since 2012.
This has made it fertile ground for new projects building useful tools on it.
Now, let's review the four most important projects on the XRP network 👇🏻.
1. Sologenic ($SOLO) Project
A project to convert traditional financial assets into digital tokens (tokenized securities), with support for cryptocurrency and NFT trading.
- Price: $0.23
- Market Cap: $46 million
- Supply: 50%. Moderate distribution, but any additional investment is possible. It affects the price if it is done in a thoughtful manner or dissolved in large quantities.
2 - Coreum Project ($COREUM)
A Layer 1 blockchain designed for institutions. It provides advanced financial solutions such as smart tokens and dealing with real assets.
- Price: $0.12
- Market Cap: $46.9 million
- Supply Ratio: 71%. An excellent ratio that provides comfort and confidence to investors. It also reduces future selling pressure, as most of the currencies have already been released to the market.
