Billions Pour into Ripple XRP
This week Ripple started off around 1500 satoshis. Tuesday began the latest XRP run up where we saw it break all time highs in USD but not btc wise. Still pretty significant as a lot of Koreans trade XRP in won pairings which is Korea's fiat currency. The trend continued to hold into today where It shot all the way up $.93 /5300 satoshis. So what has caused this massive bull run? Many factors have contributed to it. For Beginners, the cryptocurrency market has been injected with over $300 billion in less than 30 days. Its more than doubled in 30 days! We have seen bitcoin run up to its all time high of about $19,000. With all this new money, there have been insane pumps in alternative cryptocurrencies like Litecoin and now Ripple. All the new money from bitcoin is flowing into alts. But why Ripple? I have been writing since the earlier this year that Ripple's fundamentals were lined up to make a push in Q4. In the past month Ripple has partnered with American Express, Hired Benjamin Laswky wo helped with the development of the bitlicense for the US, and will begin using XRP for cross border transactions in Asia this week. They actually start trials tomorrow, which broke news through Nikkei, a Japanese media outlet. All things considered, one can see how everything lined up for this run. Like always this is not investment advice just news I like to bring to light to those that share an interest in the cryptocurrency space.
