The future of the expanding $30 billion aviation sector has been the main attraction in recent months. Investors are redirecting their next investment plan towards the Jetshare token (JETT$) as its unprecedented growth continues.
However, without ruling out Ripple (XRP) and Shiba Inu (SHIB), here is what is making investors look elsewhere.
Can Ripple (XRP) continue to take on all the pressure?
The Ripple (XRP) token has been under some heat recently, facing numerous challenges. In its fourth-quarter financial report, Ripple Labs expressed confidence about its chances in the two-year-long battle over the status of XRP before a potential resolution in the SEC lawsuit.
On-chain activity on the XRP ledger (XRPL) has drastically decreased year over year. While the number of wallets decreased by about 63%, the total number of transactions decreased by 18% to 106 million from about 130 million in Q4 2021. However, compared to the prior quarter, the same set of measures experienced an increase.
Ripple also emphasised the growth of its on-demand liquidity (ODL) customer base as a result of its increased partnership activity in the European and African markets. Despite this, XRP, the platform’s cryptocurrency, saw a 27% decrease in sales from the prior quarter.
The quarterly report could potentially harm the interests of XRP holders, and for that reason, investors are leaning more towards the recent cryptocurrency Jetshare (JETT$) as the next potential investment strategy.
Is Shiba Inu’s (SHIB) performance enough to change investors’ minds?
According to data given by Shibburn, the burn rate for Shiba Inu Coins has increased over the past 24 hours by almost 950%. The SHIBarmy burned about 11.1 million SHIB tokens to arrive at this sum.
According to the data tracker, nearly 1.2 billion Shiba Inu coins were burned in just 223 transactions during the month of January.
Over the last 24 hours, there has been a little increase in the price of Shiba Inu. With a slight gain of 4.28%, SHIB has proven more profitable over time than Dogecoin (DOGE).
As of the time of publication, SHIB is trading at an average price of $0.000015. However, a 51.32% increase has earned SHIB’s 24-hour trading volume to bear at $344,625,550. The market capitalisation for Shiba Inu is $6.6 billion.
Investors may be concerned due to the numerous indications of uncertainty in Shiba Inu’s future, as some are already exploring other alternatives. One of which being Jetshare.
Here is why Jetshare (JETT$) is becoming the Plan A for every investor
Jetshare (JETT$) has a reputation in the crypto sector as the first private jet investment platform created using blockchain technology. Owners of JETT$ may purchase fractional non-fungible tokens (NFTs) backed by real aeroplanes and flight hours. The Jetshare protocol seeks to alter ownership and use of private aircraft.
Jetshare (JETT$) has assembled a skilled group of technical developers and aviation industry professionals with years of experience. Therefore, with their help, Jetshare can develop a superior solution for the community.
With its native token JETT$, Jetshare promises to give investors and aviation enthusiasts a place to go if they’re seeking a risk-free way to communicate, invest, and use or own private aircraft. The benefits and incentives of a Jetshare membership are numerous. JETT$ is well-positioned for success because of its solid business concept mixed with a strong and experienced management team.
When compared to other market competitors, Jetshare has been selected as the favourite to compete against Ripple (XRP) and the cryptocurrency Shiba Inu (SHIB). Current investors are confident in its future, and the excitement is still present.