Cryptocurrencies have performed extremely well in 2017 and are continuing to attract new investors in 2018. Cashaa has also performed phenomenal growth, even so, most people might have uncertainty investing in Cashaa. This article will highlight the key reasons why now is the best time for you to invest in Cashaa by comparing with a competitor.
Let’s assume for a second that you have the opportunity to invest $ 100K in Cashaa or Ripple. Which one would be your chose? Each one has a particular draw for investors. But I definitely would invest in Cashaa rather than Ripple. I will try to explain below why my chose is Cashaa. I understand that Cashaa and Ripple are different companies with different philosophies. But both of them are challenging the same industry.
Ripple
Ripple jumped up 4$ over the course of 2017 before dropping off sharply at the beginning of this year. Investors who were dazzled by the hype and invested in XRP, in January, got burned or went bankrupt. Ripple Labs has several products like xCurrent, xRapid and xVia.These products were created in order to make money transactions and reduce the cost of these transactions. However XRP is used only when xRapid is used. In an another word XRP is part of xRapid. And the usage of XRP is optional, means that is not necessary. When banks use a Ripple platform, they can transfer money without using XRP. No one really knows whether banks are actually going to use XRP or not.
However, if banks start using XRP coins, we do not know how will lead to long-term, sustained price growth. It may lead to a sudden burst in price due to hype, but again we do not know to what degree banks will really make use of XRP coins. Even if most of the world’s major banks all purchased 10 million XRP each, this would still hardly make a dent in the total supply of just what’s on the market today. The total supply is 99,991,933,100 XRP. This is huge! It is almost 100 times more than of the total supply of CAS.
Cashaa
I am delighted that Cashaa is fulfilling ideas and moving forward in this period of time. Because the price of CAS was not affected by hype. The hype is a thing that hides the real price of the token. It’s like inflation. When you need to figure out the real price of any assets, you must subtract inflation.
real token value = nominal token value — hype
The CAS token is a key component of the system that enables trading, lending and gives access to other upcoming services in the CAS ecosystem. CAS serves two main objectives: First, the token is the fuel of an internal mechanism of the Cashaa ecosystem. CAS is a core for the Cashaa platform. This means that without the CAS token, the platform will not work. Second, it is part of the governance component of the CAS system. The governance mechanism is executed by stakeholders. Stakeholders are technological and business partners to Cashaa project, non profit organizations of the industry, advisors and some token holders. Stakeholders vote on how much of the company revenue will be used to buy the tokens from the exchange on a regular base. As you can see whole Cashaa ecosystem is built around CAS token. This distinguishes CAS token from XRP token. The CAS token, which can be used for remittances, lending, trading, and other purposes on the Cashaa platform, could potentially enjoy significant upside.
Concluding, major cryptocurrencies like Bitcoin, Ethereum, Ripple have been good investments for those who purchased them early on before their big run up, and sold them near their all-time highs, back at the end of last year. That’s why Cashaa is the best investment. It has a big potential to skyrocket. Because I do know is that the popularity of Cashaa is only increasing. It’s just matter of time. I do not understand those people who have invested money and are waiting for instant profits. These people who have not even known the philosophy and goals of the company that issued the token. So be smart and invest wisely.
Thank you for reading!
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And check out my other article: “Banking Platform For Your Life”
