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According to a recent independent review of the XRP token conducted by Lennard Neo Picolo research, the entire virtual currency journey was mentioned in the third quarter. The research included the analysis of competition for the XRP network. It also transmitted the risk factors associated with the company itself.
For the research, XRP's competitors were divided into two sectors: blockchain and traditional. PayPal and SWIFT are the two main services speculated to be overshadowed by the disruptive technological approach of the network in space.
Furthermore, the research also found that the blockchain startup is going to overthrow key industry players by citing the ability of the network to make cheaper and faster money settlements as a key reason for it.
Stellar (XLM) and OmiseGO have been identified as two protagonists in space that will be able to compete with XRP in the future
Research Picolo has discovered that within the blockchain sector, OmiseGO and Stellar have been identified as the main players who are trying to be strong competitors with Ripple. The report revealed that the confusion over whether Ripple and XRP are a single entity could be a problem for the cryptocurrency space. Other points that have been transmitted after the report as potential threats to Ripple include:
Concerns about XRP are centralized because Ripple retains ownership of 60% of total tokens.
No way to go with regards to the classification of XRP (whether it is a security or not).
Ripple's lawsuits could make room for twenty opposites.
The analysis concluded XRP had an intrinsic value of $ 1.75
Concluding the analysis, the document published by Picolo Research stated that the intrinsic value of XRP is equal to $ 1.75. The value of $ 1.75 was also called & # 39; buy rating & # 39; for the XRP token. Which is considered a potential upside of at least 289% for the digital asset.
The report finally speculated that the XRP token will continue to remain one of the first three digital assets on the market. It is expected to have rapid success in the financial sector on a global scale.
