Ripple Evolution Analysis (XRP)
Ripple is a semi-decentralized nature project that combines the technology of the cryptocoins with some of the policies and practices of the banking, offering options that adapt to the current requirements of the financial industry and avoiding the Possibility of certain illegal practices that Bitcoin and other cryptocoins today allow. Due to the commercial alliances with large banking conglomerates and other financial entities which have always been the main reasons for the value of Ripple's assets, XRP, coupled with the announcements of technical updates and Other events that occur in your environment.
Ripple is a banking technology that wants to ensure the adoption of its market to reduce operating costs and transform into what should be defined as the blockchain for financial systems in banks and currencies.
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Among these alliances are Ripple's alliance with the Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking arm of the MUFG consortium, the third largest bank in the world and the most important in Japan. This alliance places the Japanese within the group of global banking institutions that make up the global Payments Steering Group (GPSG), a Ripple initiative for interbank payment that includes other industry giants like Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and the CIBC.
Now we can go to the numbers.
The behavior of this crypto currencies is the following since its launch
As we can see in the dates of its release its value was less than $0.25 showing an increase during the months of April and June of the year 2017 surpassing the $0.25 that until the moment was its greatest value since its birth.
For the months of December has broken all its barriers reaching a record value of $2.82 a fairly considerable increase in just 6 months, the incredible thing is that this cryptocoins continues to increase its value.
Ripple's capital volume is distributed as follows:
The measurement of people who are following the steps of this cryptocoins is also increasing as shown in the following graph:
The current capitalization of the Cryptocoins is:
By making a simple comparison with the current values with other more famous currencies we can see the growth differences in the short term and due to the declining value of the BTC.
The increase of the week was 90.49% in comparison to Cardano ADA which I would like to speak on another occasion of it and the ethereum which despite the decline in prices has kept its value in an almost masterful way.
I hope you liked this little summary until next time.
As an observation I do not advise investing or making any purchases with reference to these items only seek to inform and have knowledge that is a currency with enough projections to continue to grow so if you invest is under your responsibility.
@cain1914 thank you appeal to @sportic. Your post will see more than 7.5K of my followers
dig in deeper there is bound to be something interesting :)
cheers to the #challnge30days and @dragosroua ;)
I owe my blogging beginnings to him and his initiative :)
Thanks for the visit and support, if it is a great challenge that I plan to fulfill. Grateful for your support.
read your post, thanks for sharing your opinion.
I have a few questions:
What do you mean by "semi-decentralized" ? as I know banks are behind this project, and banks are full centralized entities. So either it is centralized or is not.
By reading your post, it gives a positive image to cripple, sorry, I mean Ripple. Do you work for a bank?
With Ripple, rich will get richer, I just dont like the way you put XRP over BTC by saying "illegal practices that Bitcoin and other cryptocoins today allow." like if the fiat you have been using all your life is not use for illegal operations too.
This currency and entities behind it, goes against fundamentals of cryptocurrency itself.
Salud!
It is semi since it includes services with banks of Japan mainly which allow certain regulations.
I don't work for any friendly bank. I'm just trying to prove the growth this cryptocoins has had. And to tell the truth the resemble with a new proposal that they want to do in the country Venezuela that can work that relationship Banco Cryptocoin. As I say in the end I do not want to invest only to see their development from birth.
In fact everything will make the rich wealthier and we the bottom just look for opportunities to be up only try to see what we offer those opportunities.
holy hell, someone is setting the bar high ! (-: stop that !!
Always and said time is the only one that is right. All comments are welcome. Thank you. Happy New Year 2018
I really look at this cryptocoin at the beginning of August, and sold in mid-December I make good profits. So keep track of the above. I think it has potential and will continue to grow in its time.
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