Topic: Why Ripple is so popular? - page 2. (Read 462 times)
Everyone can just think of good things about Ripple or other altcoins. But to surpass or replace Ethereum's current position, I think it's just an attempt to pump it in an instant. And I think Ripple can be popular because it has many connections in banking. That's normal and mediocre. But I admit Ripple has been good enough to make achievements.
I think this is related to his centralization. He has worked with many banks. Such news represents the movement of the government. Maybe the whale will appear soon.
Ripple is not so popular as ethereum. overthrow the ethereum was impossible. Moreover, the ripple is not the kind of coin that is easy to accept the change or have it centered. However, it is for cooperation that networked indeed ripple many partnering with larger companies. but up to now the results of cooperation that has not provided a major influence on the price of a ripple.
Ripple is very oldest project along with bitcoin & ripple is boom due to its Xrapid developments. Ripple generally have 3 product services for the clients Xrapid, Xcurrent & Xvia, Out of this 3 services XRP token Utilises Xrapid service only & earlier they were targeting customers based on the Xcurrent & Xvia service. They made partnerships with 120 brands including well know banks etc but that was not affecting the price of XRP as most of this brands were out of Xrapid service. Now the Ripple is expediting the developments of the Xrapid & concentrating more on Xrapid service that why the price of XRP is increasing. If the market condition will improve chances are there that XRP price will move around 5$ to 8$ very soon.
If we look back at History Ripple actually topped $3 in January this year before dropping back to $2 then falling with the rest of the coins in the downtrend. I don't stress about Ripple not being a truly decentralised crypto it is a Blockchain project that is pretty mainstream now and it has a good use case for speeding up banking transfers. I think it will do well in time so represents a good investment opportunity at the moment.
I think that it is popular only because it serves the banking system. I think that this is a very developed sphere and that deserves attention. I think that with the ripple you can get a good profit.
So short version, more power to the banks. So what was the point of crypto coins if everyone still trusting the banks? Or what happens if Ripple network goes down? All the bank money in pending transactions gone or inacessible?
The ripple is based on an open, decentralized database, which operates on an agreed basis and conducts all operations in a distributed manner. So it's popular
Developers are constantly working, the product is developing, new partnerships are being concluded. Why does the ripple not be popular? Now it shows the biggest growth in the top 10.
Whenever I open Coin360 XRP is all green.
What stands behind this crypto and can it outrank Ether?
What stands behind this crypto and can it outrank Ether?
Check news from different cryptocurrency sites. A lot of updates recently like a financial services group will use its platform.
I think it may outrank temporarily given the huge drop in Eth.
Ripple pump recent days due to the news that PNC Financial Services Group Inc will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients. PNC is one of top ten largest U.S. banks so the partnership between Ripple and PNC make this pump of XRP.
Just because a coin is currently enjoying a pump doesn't mean it's popular. I can find little reason for the current pump so suspect a price fall in the coming days or weeks for XRP. As for its overall popularity it interacts with some major banks and despite lots of discern about the not so decentralized nature of XRP it can easily attract many investors.
Its on the top 3 of the coinmarketcap, it should be popular than any coin below it, were not just talking about the marketcap but how known it is to the people here in the forum and to the traders. IT has been fud over and over for years but XRP stand still, I have been reading the XRP speculation thread for years and see people replying to it being too centralized and why it will fail. Regardless of which ever is the truth behind it, the coin arises and maintained its position on top.
At first, because it's a really good cryptocurrency, you should know that although price of XRP is really low but its rank is not the same, it's standing right behind ETH which known as the best altcoin at the moment. Beside as I know there are few good news related to XRP so it's really normal when price of XRP rise so quickly.
There are several reasons for the popularity of Ripple in banks and large payment systems. First, Ripple is not a cryptocurrency, built on a blockchain, but a payment gateway system in which the XRP token acts as a link.
ripple is popular because its blockchain is being used by several banking institutions. it has been in existence for many years and it was only in year 2017 where things started to get interesting for ripple when several banks announced partnership with ripple and to use ripple blockchain technology. one problem for ripple i think is its wealth distribution, too little holders accounts for majority of the coins.
Ripple is very well known, perhaps because this coint is now more widely known, and also the altcoint type that deserves to be calculated and I am sure that the future development will be even better
Ripple has been one of the promising altcoins. There are several reasons why investing in Ripple.
1. Ripple provides the services that are available with blockchain and bank system, it connects them. It means that this coin is available for banking industry.
2. Ripple has a popular processor platform
3. Unparalleled transaction speed
and some other benefits. Probably, with these benefits, many investors till trust Ripple and go for it.
1. Ripple provides the services that are available with blockchain and bank system, it connects them. It means that this coin is available for banking industry.
2. Ripple has a popular processor platform
3. Unparalleled transaction speed
and some other benefits. Probably, with these benefits, many investors till trust Ripple and go for it.
Ripple is a well established company that continue to partners with banks and well known blockchain projects.They are also developing many financial products which includes international money and bank transfer. I even read two days ago that a top bank in the US want to be using their RippleNet blockchain for international money transfer.
Ripple is focused on cross-border payments in huge volumes, not the banking sector as a whole. Intra-Bank payments will be made by NEM, as well as inter-Bank payments within the country. We just have to wait for the catapults
Whenever I open Coin360 XRP is all green.
What stands behind this crypto and can it outrank Ether?
What stands behind this crypto and can it outrank Ether?
I think that is due to the kind of sector that they serve, the coin is very fast so it is mostly serving payment outlets and such which means that it is very useful. Also from what I have noticed, it does seem like a lot of people are always investing in the coin which could explain why the price of the coin is always green and doing well.
Jump to: