You are viewing a single comment's thread from:
RE: Ripple Unstoppable - Will Ripple/XRP Be Worth More Than Bitcoin One Day?
Looks to me like all the new money that entered the crypto space over the past 2 months is jumping between different coins in hopes of quick returns. Add in the algos that chase momentum, and you got yourself one crazy rally completely divorced from fundamentals.
Hmmm, let's see. If I have $1,000 in Christmas money, would I buy .07 BTC or 500 XRP????
No brainer!
People just love round numbers. Owning 500 XRP sounds so much better than 0.07 BTC for all newcomers.
Dumb money will continue to flow into the market causing more huge pumps and dumps over the next months for sure. People just invest blindly into any cheap coin...