MY HOMETASK OF STEEM CRYPTO-ACADEMY SEASON 2 ALTCOIN- Part1 Looking Beyond the Bitcoin ( MY FAVOURITE COIN RIPPLE)
Hello everyone I am @riya2222 from India and this is my second homework on this community and i am very happy that my first homework got approved by our professor @yohan2on and i am very happy that now i am doing my second homework!!!
MY FAVOURITE ALTCOIN ALTCOIN RIPPLE (XRP)
First let's know what are Altcoins?
An altcoin can be defined as cryptocurrency other then Bitcoins and have some characters of bitcoin but they also differ from bitcoin in many ways. There are many types of Altcoins available in the market like RIPPLE, BNB , XLM ETH and many more ..... Like Bitcoins their prices also flactuate ..
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Moreover the top Altcoins according coin market cap are , Ethereum, Litecoin, Cardano, Stellar etc... According to me one can earn upto 10x to 20x profit from these Altcoins if investment is made for a longer period. Because there is no certainty of the prices of these Altcoins as it can even touch the sky....
Introduction to RIPPLE
Ripple was issued on May 2011 by Jeb McCaleb . It is a digital currency and was launched in 2012. Ripple deals with large financial institutions. According to me it is a secure currency .Ripple is not mined. Ripple touched it's all time high on 1st July 2018 which was 2.7700 USD. Ripple has a trading value of 24,575,874,252.39 according to coin market cap today.
About the current price of Ripple..
The current market price of Ripple is USD 1.80 and is currently holding the rank #4 on coin market cap. Ripple has increased by 31.9% in last 24 hours .. So we can consider it a good performing altcoin. Ripple is easily traded on almost all the exchanges . Ripplepay was a project under which in 2004 Ripple payment first started.
Benefits of Holding Ripple Coins
Ripple has a bright future which in turn can give you a lot of profit in coming years.. Another big reason to hold ripple is its rank and performance over past years... Transactions of Ripple on all the trusted exchanges are secure.. Ripple also has faster transactions compared to other cryptocurrencies..
So my personal favourite Altcoin is ripple as in past 2 years i made a profit of 1000 USD profit from Ripple
Hope you people will like reading my post and thankyou professor for giving us this task
Thankyou so much have a great day ahead!!!!
@steemcurator02
@yohan2on
@steemitcryptoacademy
Hi @riya2222
Thanks for your attendance and participation in the Crypto Academy.
Feedback
It was interesting to learn a little bit about your past experience in investing in Ripple. wow, you made $1000 profits.
You have performed fairly good. You just needed to put in more effort in your research study so that you provide more detailed information on Ripple. Otherwise, thanks for your effort.
Homework task
6
Thankyou so much sir next time i will give a detailed information....
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Yes you are correct sir from next time will definitely use