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There is no doubt that XRP has had a controversial story in the world of cryptocurrencies. After being a sort of "crypto-verse" black sheep, the Ripple token has increased not only in popularity but in adoption by large financial institutions, to the point of being in second place on the CMC list for a while. 39 ;.
Although Ethereum has managed to resume its place, XRP has greatly increased its popularity. His community has become a group of loyal enthusiasts whose presence on social networks (especially Twitter and Reddit) has exceeded any expectations, to the point that many have speculated on the possibility that everything is a strategy orchestrated by Ripple Labs.
However, despite Internet domains, it is possible that for the purpose of Ripple, a little caution is better than an exacerbated enthusiasm. Mati Greenspan, eToro Senior Market Analyst, believes that the aggressive campaign promoted by the XRP Community may be counterproductive for Ripple's goal of mass adoption.
Army XRP … not what Ripple would have liked
According to an article by Crypto Briefing, Greenspan has an optimistic view of the project, emphasizing that although he considers that XRP is not a security (something that could increase the massive trade) the fact that "floods of people" try to force the banks to adopt this technology can be negative in the short term.
"The XRP is not a security, in my personal opinion … My best understanding is that XRP is logically a token of usefulness [but] the SEC can see things differently.
The negative side of [XRP’s online community] it's aggression … Floods of people are trying to force banks to accept XRP. "
Such was the popularity of the Ripple token that the XRP Army ranked 4th in Coindesk's most influential 2018. For those who are not familiar with the subject, a RippleMeThis – army – now suspended – account has shared with the portal the perception they have of the token's potential.
"I describe this as the opportunity for different lives … those who recognize the opportunity and position themselves accordingly will be the next 1 percent".
Despite this possibility, Ripple's business strategy has produced good results. According to estimates, the young technology developed by this company has already been adopted by more than 200 financial institutions and it is already said that Ripple could be a competitor of the SWIFT system.
