If this happens it would be huge for XRP. Most people don't realize that for clients on RippleNet to settle their payments in XRP the wider and deeper the liquidity pools means larger settlement amounts. In other words having exchanges support new and different markets around the world allows Ripple's remittence and corporate clients an avenue to settle in XRP. The more money being transacted allows the clients to settle larger and larger amounts without any slippage on the exchanges. This institutional use of XRP to settle will drive the price higher and higher and will decrease the reliance on speculation. Funny thing is, once the market recognizes that the price is rising from institutional use of XRP to settle than an avalanche of money then pours in from the retail market because its proven to be a safe bet. Then the flood gates open and I retire. My guess is 4-5 years from now.
Having XRP as a base pair on binance means significantly deeper liquidity. XRP will be the global standard for cross border settlement, its happening right before our eyes, this would just fast track it. You'll also see an increase in trading on the exchanges because XRP is 1000x faster and 1000x cheaper to transact that BTC. It makes much more sense for exchanges to use XRP as a base pair and you are seeing many newer exchanges do just that to be more competitive. This Hash war shines a light on the major flaws of POW and IMO is the beginning of the end for BTC, BCH and ETH unless they move to a different consensus mechanism. While XRP is now nearly completely decentralized the POW coins are becoming more and more centralized. If you don't believe me just look at the XRP ledger and the UNL's. Ripple only controls 7% of the network now and that number may be zero a year from now.
Topic: Effect of XRP as base pair in Binance (Read 116 times)
Binance is planning to list XRP as base pair. So can we expect huge gradual rise in price of XRP, as people will buy it for trading ?
It will not give any impact. If that will become a base pair in binance and that will increase the volume of XRP. I will not expect a big gain caused by this and remember crypto gets plunged a lot from the top. It will not happen, dude. that doesn't work if you will be expecting a huge gain from ripple at this trend.
Binance is planning to list XRP as base pair. So can we expect huge gradual rise in price of XRP, as people will buy it for trading ?
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