Hi All
Got into crypto a while back, and having read up on Ripple, and not having as much knowledge as I should, bought a fair bit of XRP thinking good company = price hike on the XRP. Held on to it, seen a bit of a rise, but really regret not selling on the pre-hype pump linked to the Coinbase saga in Dec. I have held on to the it, believing similar is likely to happen again when it is finally added to Coinbase, but XRP no longer has the appeal it did.
However has the opportunity gone, and the likely x10 increase gone? Part of me thinks the opportunity is still there, part of me thinks, I could be reinvesting this in more worthwhile crypto projects.
Thoughts please, Hodl still?
Yes, Ripple has a very strong team, but this coin is different from other cryptocurrencies. There are ambiguous thoughts about it. On the one hand, banks are interested in this coin to facilitate transactions and they invest money in it, but on the other hand banks do not like strong price caps of cryptocurrencies for that they criticize bitcoin. Perhaps with an increase in demand for Ripple, banks will begin to push the price up and it will cost x10 or more, but there may be another scenario where banks will artificially hold prices at a level that they consider profitable for themselves. And in the aftermath of today's news that Ripple has emerged as the leader among the top ten of the Coinmarketcap rating. So, over the past day, the Cryptocurrency has grown by more than 16%. Analysts believe that such growth is due to the successful testing of cross-border payments based on Ripple technology by the South Korean bank Woori Bank. Let me remind you that in February Ripple introduced a new consensus algorithm to ensure further decentralization of the network.
