Assalamualaikum everybody.
Wish to see all of you healthy and good. This is my participation post in the awesome community Steem4Bloggers. First of all, I congratulate the admins and mods of the community for being selected in the season 4 of the steemit Engagement Challenge. It is a huge achievement of them. Let's move towards our topic without anymore ego.
Cryptocurrency is the digital form of the currency that can be used for the daily life purchasing and marketing. It is a type of currency that is being used by the crypto traders to trade on them, here trade means exchange and hold them for the long time. Crypto traders are those individuals who take the benefit of the volatility of the prices of these crypto assets and thus they make good profit.
I am not a regular trader but I am among those crypto users who used to trade their crypto assets very low times a week. I just visit the crypto exchange, Binance twice or even once a week. However, I have a great interest in trading the cryptocurrencies but I have lost so much funds that now I want to learn it properly and then start the trading with impressive way, Inshallah.
My favorite cryptocurrency coin is the XRP coin that is actually a very strong and successful token so far. I am so much interested in trading this coin because I have started my trading experince with this coin and still I am trading in this coin. I knew much about the working of this coin and I have a great experience about the flow of its market.
Xrp coin is actually the native token of a very successful crypto-related blockchain whose name is "Ripple". It is one of the most popular and ancient cryptocurrencies and now it is everytime seen in the top coins in the cryptocurrency market. One of the reason to like this coin is that it does not produce so much market manipulation as that of the cryptocurrencies. Its market is also quite well as compared to the volatility risk of the other markets.
I am a long term trader and that's why, I used to keep the cryptocurrency so long time that I sell them only that time when the market hits my take profit point. I have told you earlier that I do not have much experience in the scalping so I avoid it and think for the ling term trading. Yes, I am currently holding the XRP coin. You can see this in the below picture that is actually my Binance portfolio.
Taken From Binance Application
- Reasons:
You can see in the above picture, I am holding the XRP coin in my Binance wallet and some reasons to hold them.
I purchased this token when it was about at its lowest point for the year and from that time, I am holding it.
I believe that the upcoming days of the market of this coin are very successful as there are many great usage of this coin.
I have properly adjusted the take profit and stop loss points for the risk management purposes.
I am in those persons that believe strongly on the success of the cryptocurrencies in the near future. I think the future is actually for the cryptocurrencies itself and everyone would have to learn about the cryptocurrencies to survive in the daily life. The uses of the cryptocurrencies are increasing day by day and this is a positive sign for all of the technology and the crypto lovers.
According to this thought, I think it is very easy to answer the question. No doubt, XRP is one of the most successful coin and if cryptocurrency grow well in the upcoming days then there are so many chances for the great improvement of the price and working of the XRP coin. The future of this coin is seemed to be very bright as the use cases of this coin are so much wide that the success of this coin is almost guaranteed.
All the crypto traders are well aware that the current condition of the cryptocurrencies market is very low due to several reasons. So, there is no exception for the XRP coin. Anyways, the current market capitalization of the XRP coin is as follow.
The above two screenshots show the current statics of the XRP coin in the market of the cryptocurrency. The current market cap is *$17,095,976,663.82. It is much impressive figure for a successful coin like XRP.
My favorite cryptocurrency is the XRP coin that is the native and governance token of the Ripple ecosystem. I like this token due to its low volatility as compared to the other tokens of the crypto market. I believe strongly on the future if the cryptocurrencies and also specially for the XRP coin.
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