Whether anyone pushed or not. This centralized cryptocurrency is not a worthy fund to invest your hard earned money. Please wait for sometime to take your investment to bitcoin and ethereum.
That is what we expected to see in crypto market.
So have idea to invest on decentralised cryptocurrencies not this shit coin.
Topic: What is pushing Ripple Rising prices. I hope to hear the opinions of experts - page 2. (Read 344 times)
September 24, 2018, 01:47:37 PM
September 24, 2018, 01:16:01 PM
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A lot of factors could have caused the rise, it probably was undervalued and traders realized that and bought in
...
A lot of factors could have caused the rise, it probably was undervalued and traders realized that and bought in
...
I highly doubt that anyone bought XRP, because it was undervalued.
The real reason was that some insiders knew of the xRapid announcement
(Ripple is going to launch xRapid sometime next month) and bought a ton of XRP
in the last weeks. They knew that XRP would pump on this news even though
the xRapid product isn´t a driver for XRP demand and afterwards dumped
on the newbies. This is also the real reason why the price has declined after the pump.
It was simply people taking profits, because they knew that this was only
a temporary surge in the XRP price.
Stay away from trading these coins unless you have access to insider
information as well.
September 24, 2018, 12:58:40 PM
Or rather what 'pushed' ripple price up.
It showed a quick, steady rise, Flippening Ethereum at the no 2 spot by market cap. And then experienced a steady, quick drop and lossing that spot.
A lot of factors could have caused the rise, it probably was undervalued and traders realized that and bought in, creating FOMO and a huge pump, and when people starting dumping it created FUD and the price plummeted.
It showed a quick, steady rise, Flippening Ethereum at the no 2 spot by market cap. And then experienced a steady, quick drop and lossing that spot.
A lot of factors could have caused the rise, it probably was undervalued and traders realized that and bought in, creating FOMO and a huge pump, and when people starting dumping it created FUD and the price plummeted.
September 24, 2018, 06:49:49 AM
Over the past week, Ripple's (XRP) has surpassed the roof. It has grown 140% in the past seven days, up nearly 63% in the past 24 hours, trading at $ 0.61 at the time of the press.Over the past week, Ripple's (XRP) has surpassed the roof. It has grown 140% in the past seven days, up nearly 63% in the past 24 hours, trading at $ 0.61 at the time of the press.
Why is XRP valuable? It is very useful as it is necessary to carry out transactions on the network ripple. Basically it is a "credit card" transaction in the ripple system. Or can think of it like oil or fuel required to operate the system facilitating transactions between banks.
Ripple protocol has been adopted by a variety of banks in different countries. Unlike Bitcoin, the ripple does not use the traditional proofing algorithm, instead uses a repetitive consonant process, specifically for ripple.
Ripple is a distribution project, contract of the accounting algorithm with a bank policy. Provides the preferences options with the current request of the resource and the following the following legal are required. Fine, general brand with large banking or primary files are the reason for the Ripple for the family value.
The first is Ripple alliance with The Bank of Tokyo - Mitsubishi UFJ (BTMU) a bank subsidiary of MUFG Group, the third largest bank in the world and the largest bank in Japan. The alliance brings the Japanese to the global banking group to form the Global Payment Steering Group (GPSG), a rip-off initiative for interbank payments including other big banks such as Bank of America. Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC.Because of this cooperation, the Asian financial sector will become the latest financial institution involved in creating and monitoring payment transaction rules as well as standards for the network of ripples.
Why is XRP valuable? It is very useful as it is necessary to carry out transactions on the network ripple. Basically it is a "credit card" transaction in the ripple system. Or can think of it like oil or fuel required to operate the system facilitating transactions between banks.
Ripple protocol has been adopted by a variety of banks in different countries. Unlike Bitcoin, the ripple does not use the traditional proofing algorithm, instead uses a repetitive consonant process, specifically for ripple.
Ripple is a distribution project, contract of the accounting algorithm with a bank policy. Provides the preferences options with the current request of the resource and the following the following legal are required. Fine, general brand with large banking or primary files are the reason for the Ripple for the family value.
The first is Ripple alliance with The Bank of Tokyo - Mitsubishi UFJ (BTMU) a bank subsidiary of MUFG Group, the third largest bank in the world and the largest bank in Japan. The alliance brings the Japanese to the global banking group to form the Global Payment Steering Group (GPSG), a rip-off initiative for interbank payments including other big banks such as Bank of America. Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC.Because of this cooperation, the Asian financial sector will become the latest financial institution involved in creating and monitoring payment transaction rules as well as standards for the network of ripples.
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