Despite numerous examples of financial institutions adopting Ripple products and services in 2019, the firm’s associated cryptocurrency, XRP, has largely disappointed investors. Although various interests are clearly interested in taking up positions in the digital currency, the price has dropped by more than 46 percent over the last 12 months.
BeInCrypto has previously reported on several potentially bullish Ripple news events throughout 2019. Significant partnerships, such as that with MoneyGram, along with large acquisitions have excited those most optimistic for the divisive digital asset’s future. Just today, the Twitter-based, large cryptocurrency transaction signal account Whale Alert (@whale_alert) reported that 64,000,000 XRP had been transferred from the exchange Bithumb to an unknown wallet. At today’s prices, the total dollar value of the transaction is almost 12.5 million.
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Many invetors think Ripple is not worth investing for due to it's 2019 price evolution and cause financial institutions do not ned to buy XRP to use Ripple services.
In reality i do believe it has so many potential since it's one of the most active coins holding 3rd spot at CoinMarketCap.
Who knows what the future investors will think of such transaction and if they will start moving forward in adopting XRP to their Porfolios as well.
Topic: $12.5 Million in XRP Moved From Bithumb controversially (Read 140 times)
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