Ripple making moves what does it mean - what is ripple? find out here.

in #ripple7 years ago

Good old ripple the crpto I bought at 15 cents and sold at 30 cents and forgot about but that was a mistake if you look at ripple now its over 1 doller and at its high hit 3 +.

Here is the thing for dreamers who think its going to 100 or 1000 like bitcoin it cant and that is because of the supply.
there is way more supply of ripple than bitcoin which makes ripple very valuable even at 2 dollers it almost matches the bitcoin market cap and that is because there are so many ripple coins available way more than bitcoins limited 22 million or so this is why ripple being above 1 doller is impressive because when you multiply that by all the coins is has issued you end up with a major competitor to bitcoin with cheaper price and technically less volatility.

So why ripple though what is it? whats the hype right besides being cheap ripple is like the red headed evil step child of crypto currencies and that is because most crpytos are focused on non central bank controlled networks however ripple has created a crpyto currency that is designed for banks which makes it the opposite of a normal crypto which is designed to avoid these banks.

Now that you now what ripple is you can see why the bankers have recently pumped the stock price up and are advertising it all over cnbc when I was loading ripple under 15 cents there was also a hedge fund doing the same funny how when ripple hits 3 dollers cnbc starts pumping it to the masses to buy haha good old reality we live where the crooks are on your tv. be careful with ripple due to its large amount of coins it is diluted and a bankers coin which most crypto enthusiasts are against.

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