How did Ripple (XRP) become so popular and blow up in price? - page 4.

Yudhisthir

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Quote from: thisguy26 on September 20, 2023, 07:43:25 AM

Hi all,

Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?

It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?

I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?

There's a single reason why Ripple, a much inferior coin became a successful one and is still a widely used is it being an early coin. There were very few coins when Ripple came to existence and being a centralized coin, it's transactions were fast and it's promises were high. A large number of supply means cheaper in price which made it accessible to large number of people. Some just compared its price with the like of bitcoin and Ethereum without knowing the technicalities. Overall, Ripple had a benefits of being one of the earlier coin and a lot of people are invested in it. So, even though it comes with large obstacles and hindrances, it's demise is not that quick.

Wiwo

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Even with all the crisis rocking the project, XRP have been around for a long while now and have gained a lot of popularity from it previous market behaviours and also with a lot of hype that have been created around most of the projects in ripple categories make it easier for ripple to build such level of popularity.

But in terms of price, Ripple have not don so well in recent time, and the coin have been unable to make a good recovery since its last dump so for that at the moment I don't consider Ripple as a good project to invest but in terms of popularity, ripe is popular.

jossiel

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XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.

But if we're going to be back on the time when its ATH was shown and that was on 2017 for that $3.8. It's because we're on the bull run by that time.

And almost every altcoin did well by that time and all thanks to Bitcoin. People are still not aware of what actually it was so they invest.

yazher

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They may have huge amounts of supplies but they are one of those OG coins that have some real usage for the crypto market and they earned the trust of their investors by keeping their promises and constantly updating their platforms. Moreover, they are surviving the battle against the SEC which many have already fallen because XRP seems not bothered by whatever the SEC accused them of because they have nothing to hide anyway and they gaining strong bonds from their investors also they are continuing to make it more firm despite the tight competitions in today's crypto market.

gurunanakji777

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XRP is considered a promising cryptocurrency. In my opinion, its supply doesn't matter as much as the project itself. The strength of a coin's growth is attributed to its community, and XRP has a very robust supporting community. There are several projects with high supplies that still have a good value. During the previous bull market, XRP showed strong performance. However, since then, we've entered a bear market, and most altcoins have hit their lowest points. Additionally, XRP is dealing with ongoing issues with the SEC, although it has received some relief. I'm hopeful that XRP will perform well in the next bull market. Currently, the value of XRP stands at approximately 50 cents per coin, and it's worth mentioning its all-time high (ATH) price in your post.

Questat

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I'm not sure if you visit https://coinmarketcap.com/ to check and see the current price of XRP. Because if you are talking about the current situation of this project, I was not sure where you get that price instead you will be wondering as well why it goes like this.
Well, XRP is quite popular yes and in fact, there is a time that it become the #2 standing in the market but guess what, it never has the chance to get bullish compared to other projects like meme coins. Instead, you will still see it low despite the popularity they have.

thisguy26

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Hi all,

Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?

It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?

I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?

Topic: How did Ripple (XRP) become so popular and blow up in price? - page 4. (Read 566 times)