In this video, we will talk about Ripple XRP news and know why does Kathy woods say you need to buy 1 000 of Ripple XRP now.
During a Crypto Conference, three experts discussed Bitcoin its appeal and use of the environmental impacts of Bitcoin and the essence of crypto despite criticism from major figures such as Elon Musk.
Regarding Bitcoin’s harmful ecological impacts Kathy Wood defended the asset as environmentally mindful. She said Bitcoin is the best option when it comes to ESG factors which refers to environmental social and governance factors and according to Ripple XRP is the least environmentally damaging cryptocurrency due to its transparency and ability to empower economic empowerment around the world.
Further Bitcoin will be free of carbon emissions as mining transitions to renewable energies moreover as all XRP tokens were pre-mined and XRP transactions had a tiny energy consumption of only .0079 kilowatt-hours.
According to TRG data centers thus it could be Wood’s choice in the near term as proof of work.
Blockchain Ripple regularly claims to be more energy efficient than other Blockchains so what did Kathy would just say about Bitcoins and crypto in general and will she be planning to invest in Ripple XRP as it has the least environmental impact.
What is happening with Ripple XRP should we consider ripple price show strength after it crossed the reversal zone ranging from 0.7394 dollars to 0.7593 which was not the day’s all-time high on the 1st of august during the time I was filming this video at around 11:52 UTC.
The price of Bitcoin was higher than the past hours but it was not the day’s all-time high as the price raised 0.7753 at 3:54 UTC will it show a pullback or will there be a retest of the 60 Fibonacci retracement level at 0.7394 despite the bullish sentiment that is being exhibited in the Ripple XRP market participants.
Should consider a decrease that breaches below 73 cents that will invalidate the bullish narrative a move of this kind may reveal a bearish tendency that might drive XRP below the 70 cents level. Where its market cap has reached more than 35 billion dollars that day within the previous 24 hour period the price of XRP had ranged from 0.7394 to 0.7753.
In light of the recent developments in the crypto market, the Ripple XRP coin has gained a bullish bias since Amazon announced that it would be integrating crypto payments into its platform.
Also, with the Ripple XRP news the coin gained attention because the crypto market turned bullish getting back to the topic Kathy Wood was virtually unknown before 2020 but it didn’t take long for her to become a legendary investor. Her ARK Invest exchange-traded funds all nearly doubled last year despite some turbulence concerning her ARK innovation exchange-traded fund.
So far this year many investors still see Wood as a growth industry with an eye on the trends that will shape high-growth investments for the foreseeable future. And according to Kathy Wood financial innovation is a recurring theme in her work and Bitcoin and other cryptocurrencies such as XRP are making a huge impact on the way people view money.
ARK Invest made a move in the last week of June that could finally bring cryptocurrency into the mainstream and several market watchers believe that she may be successful where so many others have failed.
So as we know that the investment company ARK Invest announced their purchase of shares in a number of companies among which Coinbase is the most relevant to the world of cryptocurrencies.
Also, there are numerous plans for successful investment holding to stay competitive against others and set records in investment outcomes. So would Kathy would be interested in buying Ripple XRP soon because it is the least environmentally damaging cryptocurrency.
Until then we must wait and see what happens in the financial sector institutional investors like ARK bring large amounts of money into the market and help companies grow faster and better in terms of stock value.
In the past couple of years, several institutional investors have entered the crypto space as these investors began by buying Bitcoins and other valuable digital assets.
The movement continued by investing in crypto startups or purchasing stocks of crypto-based companies and as we have mentioned earlier that ARK Invest is one of the most active institutional investors in the crypto space and the firm has recently acquired nearly 118 million dollars of Coinbase shares.
In the ARK fintech innovation, ETF investments are made in tech-based companies like Square, Zillow, Pinterest, Paypal, and Alibaba are several of the fintech companies it invests in most of the time.
According to the reports, the fact that this ETF is being traded shows that executives are interested in crypto-based companies as well and it is said that Woods’s investment activity can be compared with Warren Buffett.
Kathy Wood a macroeconomist with a background in Bitcoin explained the cryptocurrency’s value by its finite supply as more exchange apps are built on top of the Bitcoin Blockchain. She believes more value will play a more important role right now Bitcoin is used for high-value transactions which serve a very useful function.
According to ARK Bitcoin’s biggest appeal is as a hedge against the confiscation of wealth which can, in turn, take the form of hyperinflation in emerging markets or the deflationary environment that is presently prevalent in the US.
Elon Musk, Kathy Wood, and Jack Dorsey discussed potential solutions for increasing Bitcoin industry compatibility with renewable energy targets based on how that second layer is implemented. And that’s where XRP comes in.
So will Kathy Wood and others consider Ripple XRP as a potential solution since we think it’s the most environmentally friendly crypto in the space? With XRP being the most environmentally friendly cryptocurrency and XRP’s sustainability features decide whether to invest in Ripple XRP.
But I believe she will soon see its potential then the Ripple XRP would be confirmed to reach 50 dollars soon it was reported in the third week of July that ripple’s XRP sales had increased by nearly double to 150 million dollars in the first quarter of this year.
Thus these are strong indications that you need to buy at least one thousand dollars of XRP now. As its most valuable asset and the cause of its prices is its sustainability a belief that drives altcoin investors to purchase XRP coins. As well as encouraging the crypto community to support its success trusting it will continue to be around and continue shaping the crypto industry positively therefore more users and investors flock to XRP because of its reputation for sustainability. However, you should always invest with caution and only invest what you can afford to lose.
#xrp #xrpripple #xrpnewstoday #xrparmy
About Ripple XRP:
The Ripple XRP was co-founded by Chris Larsen and Jed McCaleb and was originally launched in 2012. Ripple’s core program is the payment and settlement asset exchange and remittance system, which is comparable to the SWIFT system for international currency and securities transfer, and is used by banks and financial institutions. intermediary.
The cryptocurrency token XRP is pre-mined, and its stock code is XRP. The company and network are called Ripple, and the cryptocurrency is called XRP. The goal of XRP is to act as a temporary settlement level, acting as a transaction intermediary mechanism between two currencies or networks. Important matters
• XRP is the native cryptocurrency for products developed by Ripple Labs. Ripple XRP is a popular cryptocurrency that has been around a lot longer than people may think. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.
• I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and I am in no way liable for any losses incurred.
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