Alt Season: XRP To Skyrocket as Fidelity Plans to Invest Heavily in It Soon

The early stage of the crypto industry was a really big challenge. When Bitcoin (BTC) emerged in the crypto space, many people called it different names. Some called it a scam, while others said it was a Ponzi scheme. Even some top players in the tech industry called it a bubble. However, as the years go by, many are beginning to see the potentials and benefits of digital currencies.

The underlying technology of most cryptos – blockchain – is one of the most useful and innovative technologies the world has ever seen. One cryptocurrency that has solved a lot of problems and proven to be very useful in the crypto space is XRP (XRP). The price of XRP has also been very impressive, and it has bagged several partnerships, bullish XRP price prediction 2019, and XRP news, thanks to its parent firm – Ripple.

Ripple has secured a lot of partnerships over the years. It is a San Francisco-based blockchain startup that provides international settlement protocols. Ripple has some cross-border payment protocols including, xRapid (which uses XRP), xCurrent, xVia, and RippleNet.

Fidelity Investments Is Set to Offer Its Clients XRP (XRP) Tokens – How Will XRP Respond after This Bullish XRP News

Recently, Anthony Pompliano – a co-founder of Morgan Creek Digital – talked about how Fidelity Investments is venturing the digital currency market. He said that the firm wants to offer its customers the most popular digital currencies in the market such as XRP (XRP) and Bitcoin (BTC). Recently, Ran Neuner interviews him on CNBC’s Crypto Trader latest episode.

During the interview, Pompliano said when the service of the Fidelity is fully ready – which is soon – the firm would only offer a few options. He said this is because their customers would only want the digital currency with the largest market capitalization. He said most organizations are foundations, pension funds, sovereign wealth funds, etc. As a result of this, they don’t consider the cryptocurrencies at the bottom of the market as viable investment options. They are looking for large investments with very little risk; this is why don’t usually exceed the top five digital currencies by market cap.

There number one investment choice would be Bitcoin (BTC). However, they want to extend their investors to the second and third largest digital currencies by market cap – Ethereum and XRP (XRP) respectively. But it doesn’t seem like they would go beyond this point except other coins surge higher and replace either Ethereum or XRP (XRP).

Pompliano’s Remark about the Recent Binance Hack

The co-founder also commented on the recent hack on Binance – one of the top digital currency trading platforms in the world. He pointed out that the network of Bitcoin wasn’t hacked, it was Binance that was hacked. A firm was hacked, not the ledger. Only the hot wallets of the firm were touched, as the cold storage was safe and untouched. He also used that medium to remind crypto holders that a digital currency is not theirs unless they hold the keys.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.319838
-1.97%

At the time of writing, the XRP USD live price is $0.3120 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $12.80 billion. The trading volume of XRP (XRP) over the past twenty-four hours is $1.22 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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