A poll conducted by Fiatleak has shown that XRP and Vechain (VET) are the most undervalued crypto assets.
The Twitter poll saw participants from close to 4000 crypto users, and it contained four options that include Kyber Network (KNC), Chainlink (LINK), XRP token, and VeChain (VET). According to the result of the poll, XRP and VeChain took the lead.
While the poll sought to know why XRP and VeChain are the most undervalued cryptocurrencies, respondents did not give reasons why the two crypto assets are still undervalued at the moment.
The poll conclusion comes at a time speculations were rife that VeChain and Ripple could be partnering. What led to the rumor was the news of a possible partnership between VeChain and SBI Group, a big Ripple partner and holder of XRP token.
According to one of XRP adherent Crypto Eri, there is a high chance SBI partners VeChain. Crypto Eri based her statement on a report by Bittimes, a local Japanese crypto website.
Meanwhile, VeChain CEO Sunny Lu, in a recent YouTube video said Ripple and his firm could be a good partner in the future.
With XRP’s role in the remittance industry and VET unmatched potential in the supply chain industry, a partnership between the two will be good, Sunny said during the interview.
XRP and VeChain in the Market
At the time of writing, XRP stays on the 4th position ahead of Cardano, Bitcoin Cash and Bitcoin SV and trades at $0.1985 with $8 billion market cap and $1.1 billion 24 hours trading volume, while VeChain sits on the 17th position with $1 billion market cap and priced at $0.01996.
The two digital currencies have enormous use cases and clients across the globe. Ripple, which is behind the digital token XRP, has over 350 customers who make use of RippleNet and On-Demand Liquidity, a remittance solution using XRP token.
Ripple’s ODL is being used to perform fund transfer across borders. The likes of MoneyGram make use of the service for an efficient fund movement. Ripple has a broad network comprising of central and commercial banks.
In Asia, Japan especially, Ripple collaborated with some big financial institutions like SBI Holdings, SBI Remits, Siam Commercial Bank, and some others to launch an almost feeless payment solution called MoneyTap.
The app is under the monitoring of SBI Group and been expanded to accommodates many banks who want its customers to make fast and cheap transfers using QR code.
VeChain, in recently times, as also seen myraids of adoption, especially via the DNV GL’s MyCare for risk and infection management. Hotel group InterContinental Hotel Group, steel manufacturer ArcelorMittal have adopted MyCare for infection prevention.