Why ripple price is going down? What is the reason behind it!
Cryptocurrency is the world where we can transfer, buy or sell our virtual currencies like bitcoin, ripple, ethereum etc. to each other via Internet without any interrupted. Due to cryptocurrency these currencies prices are varies day by day, means prices are increase and decrease. We now seeing that the prices of ethereum or litecoin got down, in February Eth price was approx $750 and the Litecoin price was $250, but now eth at $215 and Litecoin at $58, these are currencies which are not easily mined but we are talking about the Ripple(XRP), it is a currency which can easily mine and it cost is not too much like $1, in-fact we can say it is small currency and just above the dogecoin.
But nowadays the ripple price is going down day by day, now it is at $0.28. Many big companies are not accepting the payments in ripple, but still why the companies is accepting ripple? It is because of the high priest growth in the processor speed of the computer processors. This explain that on which foundation ripple was built is not really required because it is already being provided by growing hardware markets. Such a big companies like Intel and AMD comes with tremendous processor which have twice in processor capabilities than their latest products. Here is the chart, you can see the ripple's price is fluctuate in the September month.
Now talk about the some reasons which conclude that why ripple's price is fallling? Here are some reason which may be why ripple price is falling down.
- There is abatement case against the ripple which is contracted by the company R3 Holdo LLC.
- There are no requirement of ripple in the payment transaction because of its cheap payment processing.
- Ripple's capitalization is falling rapidly.
- No any companies want to invest in XRP and why they don't want to invest because ripple is decentralised currency and the ripple can fall as altcoin and there is no guarantee backing it.
- There is some fractionary changes in ripple payment, so now it is unnecessary to invest as so much.
Source:https://bit.ly/2NIkWg2
image source: https://google.com
Thank You,
Keshav
@kkay05
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STOPTo support your work, I also upvoted your post!
every coin is going down, not only repple.