i am troubled by XRP. i bought some XRP in February this year. it has been falling. I studied its historical price. its highest price reached $3.30 on January 5. then it began to fall sharply. i think it was manipulated.
Cardano, NEM, QTUM, Zcash, ICON, Bytecoin, Bitcoin Gold, Augur, Siacoin, Verge, nano, Poulous, Bitcoin Diamond, Stratis, all dropped more than XRP
since their all time highs...by your logic, they're all manipulated?
Yahoo!Finance article:
Cryptocurrency remains thinly traded, mostly in east Asia, and the value of all so-called “alt-coins,” like Ripple, remain correlated with that of Bitcoin itself.
As this was written, Bitcoin still represented 48.6% of the total market. It is the strongest of all the crypto-coins, by far. The total value of Ripple, $14.4 billion, is a little more than 10% of Bitcoin’s valuation, $114.3 billion.
Until Bitcoin stabilizes, none of the other alt-coins, including Ripple, will be able to find stability, and it is stability that is necessary for Ripple to become a medium of exchange rather than a mere speculative asset.
If Intercontinental Exchange (NYSE:ICE), owners of the New York Stock Exchange, can’t create stability in the Bitcoin market — and the price of Bitcoin has fallen over 10% since they announced their interest in that — it’s hard to see any alt-coin, including Ripple, finding the stability it seeks.
https://finance.yahoo.com/news/ripple-continues-no-different-other-162555102.html