Ripple update: As an ex-bitcoin maximalist, XRP has me worried…
Ripple has historcally pumped by insane margins. The last 2 times i was told over and over again that these spikes are pure speculation and only go that far because all the volume was just done with a single digit % amount of the total supply.
So here we are again: for a “classic” ripple pump we have 3 more weeks to go and the first weekly candle paints a dire picture for bitcoin. If we follow may last year’s pace, we would take bitcoins place in 2 weeks. And as the volume is greatly driven directly by fiat, whereas bitcoin seems a bit asleep in it’s 6-8k channel with little inflow of fresh cash, does any of you see this as a real possibility also? I mean, certainly, if this rise keeps going into the following weeks it will drag btc & freinds with it somewhat and, just as eth, bitcoin wont give up it’s spot without a fight. The current situation though feels like we may, for the first time, see a new number one. Disclaimer: i bought a lot of xrp and am somewhat emotionally bound to this theory. Any reasonable insight is very welcome. Thanks!
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: ragnoros
Score: 4
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