I also have no idea what it's gonna do when it hits Binance. But I also don't care. I'm long on XRB.
Why you ask? For the fact that right now, it's the best coin with a legit shot at being crowned the gold-standard transactional currency. I'll unpack that;
1. No fees - FIAT currency has no fee for transacting with it. So when it comes to daily transactions with a crypto, having to pay a fee, any fee, will be a more significant mental barrier for regular people, than crypto enthusiasts are willing to recognize.
2. No mining - is a hit with everybody who cares about unscalable power consumption, and lefty virtue signalers. ie. everybody in tech. No mining farms also solves big node problems. It makes XRB inherently more decentralized than mined coins. In theory at least.
3. Instant transfers - speed is a big, ugly problem for crypto at this juncture. Instant transfers give users confidence in the platform. Compared to the long waiting games we're currently suffering through with older gen coins.
4. Community - the XRB fan base's enthusiasm in contagious. Guys are hyping this coin daily all over Reddit, Twitter, and Telegram.
5. Devs - The teams willingness to address existing problems, as well as potential future vulnerabilities, gives me confidence. Communication is sporadic. We're still having technical difficulties withdrawing from exchanges due to a node bug. But they keep us in the loop. Creator respects Bitcoin as a store of value, but
he intends XRB to be THE digital currency.
Main drawback? Marketing game is lacking. I understand intentionally not wanting to hype this thing before the tech is ready for top 5 usage. Rumors of a re-brand could certainly help with coverage. Someone on Telegram said they hired a marketing person?
It's not me...