Is Ripple "The Comeback Kid"?
Amidst the blood in the streets from all the falling crytpocurrencies including Bitcoin and Ethereum - a controversial coin is grabbing back it's market share, up 26% from 24 hours ago at a time when most crypto-coins are doing by 15% or more. Is it just a blip or is there something more to it. The is known as the "Bankers coin" - is it possible that some powerful players with deep pockets are gaming the market to buy up more XRP? Who can say - perhaps in an environment when investors are questioning where it's value comes from and what you can do with cryptocurrency - they see Ripple as coin with actual utility, creating demand.
Some see Ripple as the "Anti-crypto-coin" because of heavy ownership by large banks and the fact that it is not decentralized - a central theme of using cryptocurrency that cuts out the middleman and allows for peer to peer transfer of assets. Others aren't as pragmatic about it and simply see it as another investment opportunity, regardless of what the philosophy of it is. Some of the largest players in the credit card industry are getting on board, as well as money transfer companies like MoneyGram - and to investors and speculators - that means money.
What are you thoughts on Ripple?
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It's just another investment opportunity for me, but it will rise once again give it time.
that's how I look at it.. I'm not a zealot when it comes to cryptocurrecny - I think what the blockchain can do for humanity is amazing - but when it comes to finances , I'm looking for the opportunities - both short term and long term.