The Ripple Tsunami Continues

Catch up on the latest Bitcoin and Altcoin news.
Post Reply
gypsygrace
Posts: 19
Joined: Mon Dec 18, 2017 1:19 am
Cash on hand: Locked
Location: Austin, TX

Sat Dec 30, 2017 4:21 am

The Ripple Tsunami Continues
Image
The meteoric rise of Ripple (XRP) over the last month has led it to being the #2 cryptocurrency on CoinMarketCap. Since the beginning of December is has risen from roughly $0.25 to a high of $2.80 near the end of the month. Most analysts agree this is likely attributed to crazy rollercoaster Bitcoin has been riding the last few months. With Bitcoin making mainstream news, all cryptocurrencies have been getting attention from traditional investors around the world. The cloud above Bitcoin has been huge, but other cryptos have made their name known in it’s shadow.

As it has been said before, traditional (i.e. old school) investors need something tangible in which to invest. One major factor that differentiates Ripple and others like it to Bitcoin is that is centralized. Since Bitcoin is decentralized it can be wildly erratic and fluctuate constantly without a fixed base. It also means it may not be viewed as a sound investment. While early crypto investors do not seem to be concerned with this, many new monied ones are definitely more comfortable with a more solid way of investing. They like the stability that comes from a more centralized coin. This is great news for Ripple, but could be the writing on the wall for Bitcoin.

Certainly food for thought.

https://www.forbes.com/sites/cbovaird/2 ... b243bf51f3


User avatar
bittzy78
Site Admin
Posts: 16
Joined: Sun Apr 30, 2017 2:07 am
Cash on hand: Locked
Bank: Locked
Location: Austin, Texas
Contact:

Sat Dec 30, 2017 3:09 pm

Please support Crypto Info Forum and retweet this post



Thank You

Post Reply
  • Information
  • Who is online

    Users browsing this forum: No registered users and 1 guest