Abdullah “Abs” Nassif, the host of the Good Morning Crypto podcast, highlights ten key factors that continue to influence his decision to hold XRP.
In a recent post on X, Nassif disclosed the motivation behind his continued investment and advocacy for XRP, the seventh most valuable crypto. The leading factor is XRP’s role as the gas token for the XRP Ledger (XRPL).
🚨 10 KEY REASONS WHY I HOLD $XRP !! 🚨
1.) Efficient Gas Token XRPL ⛽️
2.) Valuable For Auto-Bridging 🌉
3.) Key Player In DeFi (liquidity pools, Flare FAssets, and more) 💵
4.) Store Of Value Potential 💎
5.) Prevents Ledger Spam Effectively 🛡️
6.) Swift Payment Settlement ⚡️… pic.twitter.com/sUcMx0pjuI— Good Morning Crypto (@AbsGMCrypto) May 15, 2024
XRPL Usefulness
Significantly, XRPL is a thriving hub for over 1,500 crypto projects, each with its unique use case spanning across diverse industries. These encompass Infrastructure, tooling, interoperability-based projects, wallets, custody, DEX, NFT, gaming, payments, CBDC, and security-based projects.
Essentially, this collection illustrates the vast potential and versatility of the XRPL, making XRP valuable in the sight of holders.
Furthermore, the community pundit highlighted XRP’s utility in auto-bridging transactions and the decentralized finance space as other factors influencing his optimism.
Fourthly, Nassif pointed out the effectiveness of XRP as a viable store of value. The Crypto Basic recently published a report pointing out that holding XRP is more advantageous than keeping funds in a savings account.
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Besides, XRP’s credibility as a store of value is evidenced by its impressive all-time return of 8,407% since launch.
Other XRP Utilities
The commentator also highlighted the XRPL’s effectiveness in preventing ledger spam and its ability to facilitate swift payment settlements. Nassif’s bullish stance is also bolstered by XRP’s contribution to reducing or even eliminating the need for Nostro accounts, which are traditionally used in international banking to manage currencies.
Moreover, XRP’s suitability as an ideal micropayment solution and its low transaction fees were among the top reasons Nassif holds the cryptocurrency.
It is worth mentioning that these utility aspects of XRP have garnered recognition from prominent finance players, including JPMorgan and MasterCard.
Furthermore, Nassif highlighted XRP’s eco-friendly nature and low carbon footprint. Last year, the Global Blockchain Business Council (GBBC) recognized XRPL and Ripple as the world’s first prominent global carbon-neutral crypto projects.
Ultimately, the podcaster concluded by reminding other XRP enthusiasts that while XRP has pivotal use cases, expecting it to overhaul global finance overnight is unrealistic, which may set them up for disappointment.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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