Ripple update: dotcom bubble all over again – but it is a necessary evil in my opinion
My opinion. I just feel that a lot of the crypto that exists needs to be wiped out before proper crypto projects can really begin to dominate and thrive. Similar to dotcom bubble – remember that Amazon reached a high of just over $100 in April 1999 before crashing big time to just $8.00 on April 6th 2001 when the dotcom bubble burst. We all talk about how Amazon survived….but that was only after it suffered a huge crash, similar to what XRP, Cardano, Bitcoin are going through now. Overall, once the market separates the proper projects from the frauds, then the crypto markets will improve and blockchain technology and cryptocurrencies will begin to fulfil their real world use case potential.
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.
Don’t forget to share the post if you love it !