Ripple (XRP) is now worth more than $50 billion, surpassing Bitcoin cash today as the third largest crypto currency. The market cap of Ripple was ~$230 million in January of last year. In recent weeks the price has truly take on absurd qualities, quickly shuffling from $0.24 to a record high of $1.34. I have no fucking idea what the true value of this crypto — but what I do know is that this morning’s interview with CNBC’s David Faber, discussing how Ripple could be used to settle financial transactions, certainly helped in making it look legit.
Here’s the CEO of Ripple discussing the virtues of his token.
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I own some. I wanted all in at .26 until I realized what a bitch it was to purchase it.
Sure if you were lucky enough to be on Kraken, Bittrex or another exchange.. sweet! If not.. oh well.
All the exchanges got flooded with new registrations so the KYC thing took a 2 day process to who knows when.
Then you think.. we’ll I’ll just go buy some Bitcoin and use that!
Except it’s slow as shit to fund Coinbase, your Visa purchase is very limited and has nice fees…
Once you get your BCH, BTC or ETH.. you have to rush over and deposit that and get it exchanged for Ripple. Assuming those services are offering it up at the time which it keeps fluxuating.
Would have been nice to get in early.. but now it’s a rush.
Being Bank crypto and all.. I can’t see how banks would want the user to hold tokens like bitcoin and such when it’s supposed to be used as a method of transportation like checks.
The token itself shouldn’t have value but increase the speed and security of the transaction. Not being a form of cash or stored value.
That being said.. I own a small bit. I hope it goes to $20,000 per token and then I’ll be set!
I picked out the triangle flag post pattern forming at .26 and was lucky to get in with Gatehub before it fired off. A new triangle formed at $0.80 projecting target of $1.40, which was reached today. I was expecting the news correlating with the pop to be Coinbase listing XRP, but that hasn’t happend yet. ?
I dislike most if not all of the exchanges except Coinbase. I’m sure I’ve not discovered all their issues but at least they’ve been able to handle verification quickly. Deposits are slow which is a huge bummer if you don’t sit on a bunch of highly volatile coin.
Sucks when you see what you wanted and there’s no way to get it prior to the rush.
If Coinbase lists XRP, much like BCH, probably doubles then crashes as people sell it.
I’m still not convinced how XRP is anything more than a fast, secure method of exchange. It’s not a decentralized anything. It’s not a currency. It isn’t an asset. It’s a piece of technology that allows money (the actual asset) to move from one place to another quickly and with full transactional history.
I’m starting to think people are buying up XRP because it’s cheaper and it’s got a lot of good PR.
But the value? Of the token itself? I don’t know. Coinspeak didn’t consider it a valid crypto-project to be interested.
This has to be the call of all calls on The Fly’s part.
He tried to awaken the filthy masses to the crypto moves the last few weeks, especially XRP.
I think that joining EXODUS just might be as good as owning a time machine.