During the recent fall of all cryptos, Ripple was the least affected
Disclaimer: I'm paying attention only to a select few cryptos at the moment, which are: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple.
The past few days saw the top cryptos lose a lot of their value. Bitcoin fell more than 25% from its most recent peak, and Ether went down substantially as well. So did Litecoin and Bitcoin Cash.
There was one 'major' crypto that surprisingly did very well, which was Ripple. It recently broke the 1USD mark, and when all the other cryptos were still recovering, today it has gone back to that level.
Also interesting is a report from Reddit, of a transaction of someone buying 900 million Ripple!
I still need to study more on Ripple, but it seems like this crypto might have more sunny days ahead.
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STOPBack up now
what do you mean?
alot of the other coins have gone back up. if you want to follow me, i will follow you back : )
Ripple is not open source, has closed consensus, limited usability (only targets banks)..
For those reasons alone, many cryptocurrency enthusiasts stays away from it. Only speculators are happy with it for the speculative potential.
I understand the arguments against it, but there is no doubt that it's being adopted by a lot of large institutions, which ticks the box in terms of use/functionality.
Visa and swift has use and functionality.. Doesn't mean I'm gonna support it.. 😉
Keep it up @nazreen :) followed you!