Ripple’s XRP was overwhelmingly voted for by majority of respondents in a recent Twitter poll. This was after DYOR podcast host, Tom Buonincontri, asked his Twitter followers to choose one altcoin amongst; IOTA, ADA, XRP, and TRX that they would stick with forever.
After the final vote count, IOTA had the least number of enthusiasts counting to 15.4% of the total votes. The third runner’s up position was taken by Tron’s TRX with a score of 17.9%. The second spot was taken by Cardano’s ADA with a record of 23% of the total counted votes.
The results generated a heated debate in the comment section with mixed reactions on the choices provided. On one comment, a follower said he would exit the crypto ecosystem if it only consisted of the given list.
Without a detailed report on why the respondents picked their choices, we are only left to speculate and analyze the results. Majorly, it is likely that the voters used different criteria to pick their crypto of choice.
Some based on the future scalability of the altcoin by leaning on the more affordable ones with a promising future. This might give a clear insight into why XRP won the fierce “Twitter ring fight”.
XRP holders and investors seem to be the majority, as it is supported by the current market valuation. At press time, the XRP market cap stood at $12.134 billion with the 24-hour trading volume at $2.38 billion. As its volume keeps growing by the day, the recent XRP bull rally could be a mere shadow to what is awaiting in the coming weeks.
With Ripple possibly looking to go public through an IPO in the course of the year, public confidence on the coin is expected to scale up before the big event. Analysts have been giving reasons to believe Ripple’s XRP is bettering the king coin, Bitcoin, and the broader crypto market in 2020. In addition to that, Ripple’s CEO Brad Garlinghouse has been very vocal in defending the coin’s eligibility in the crypto space.
Against The Rest?
The crypto market offers a wide variety of digital assets to choose and invest from, getting a finite answer as to why the respondents were inclined to specific coins might be difficult.
With each altcoin in the list provided by Tom offering a different kind of taste to its users, it trickles down to the marking craft, user-friendliness of the coin, and definitely the coin’s future scalability.