Hard Ethereum (ETH) and Ambitious XRPL Statement by Ripple Manager
Asheesh Birla shared his cryptocurrency predictions for 2021.
Ripple, which has been sued by the US's most important financial regulator SEC, continues to look forward to developments and ahead despite all this. The general manager of RippleNet, also known as Ripple's network that serves banks and financial institutions, made a statement about this exactly. RippleNet manager Asheesh Birla shared his goals and predictions for 2021 in his post on Ripple.
Birla Shared Her Views on 2021
Stating that the year 2020 was not going as anyone expected, Birla is absolutely right about both Bitcoin's record and the litigation against Ripple. Stating that 2020 accelerated the adoption of the cryptocurrency sector and blockchain technology, the manager emphasized that there was an epidemic behind it.
Stating that the target of the USA and global regulators is not only Ripple but the whole crypto money sector, Birla explained that with the leadership of Ripple, the innovation in the blockchain and crypto money sector will continue. Stating that they are planning to sign many innovations in 2021, Birla thinks that the line between cryptocurrencies and banking has become ambiguous.
Banks Will Also Participate In The Crypto Money Sector In 2021
According to Birla, it is definitely positive that the cryptocurrency industry is starting to intertwine with the banking industry. Stating that the crypto money industry is progressing faster, Birla thinks that this will be seen more in 2021. It is known that payment giants such as PayPal, Robinhood and Square entered the cryptocurrency industry in 2020. According to Birla, banks will enter the sector in 2021.
According to the famous manager, in 2021, a cryptocurrency company may attempt to buy one of the traditional financial companies or banks directly. The famous name, who also shared his views about the "DeFi" sector, thinks that this marked 2020. Admitting that Ethereum has achieved a price increase with this growth, the manager expects many more projects to be implemented in 2021.
Stablecoin Can Be Seen On The XRP Network As Ethereum Falls Hard
According to Birla, Ethereum 2.0 still requires a lot of time, and the Ethereum price may drop during this time due to slow development. In addition, Birla expects that at least 25% of the total value in the DeFi industry will be transferred to other networks by the end of the year. In other words, it can be said that Birla is generally negative for ETH.
Birla also shared a gospel regarding the XRP Ledger network and stated that a stablecoin could be seen soon. Ripple executives have previously made statements that stablecoins will be created on the XRPL.