Topic: [XRP] Ripple Speculation - page 38. (Read 637667 times)

And what about btc? XRP is listed in most exchanges against btc and not against USD, so people have to trade its value in btc and not in USD. They need levels in btc(satoshis), not in USD.

Blog Location:    https://coil.com/p/Hodor/Raising-XRP-s-Profile/KfQ8e6ZW3 

Brad Garlinghouse continues the media storm for Ripple, making 𝘁𝗵𝗿𝗲𝗲 𝗺𝗲𝗱𝗶𝗮 𝗮𝗽𝗽𝗲𝗮𝗿𝗮𝗻𝗰𝗲𝘀 𝗶𝗻 𝗳𝗶𝘃𝗲 𝗱𝗮𝘆𝘀: I break down the important points for you in my latest blog, with links to the source interviews!

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:    https://twitter.com/Hodor/status/1182402325782171654?s=20   

Actually, it did worse than other coins 2 months ago so I'm not that impressed with the current price action.
I don't complain though, I added more on my small bags amd they're slowly growing in large bal-I mean, bags!

This is great news about corrections. XRP currently trading at: $0.278057    

I have no idea if the rises will continue at a small pace or if they will jump before finding stability but I was hoping for a long time that it would some sort of stable price well above the $0.30 mark. All crypto prices have been affected with Bitcoin still around $2000 down from the price less than a month ago so with that in mind XRP is still doing well.

Ripple Price (XRP) Could Extend Correction Before Fresh Rise

Ripple price is currently correcting gains against the US Dollar and bitcoin. XRP price might test the $0.2700 support or $0.2650 before it could rise again.

https://www.newsbtc.com/2019/10/09/ripple-price-xrp-could-extend-correction-before-fresh-rise/

If they have a DEX blockchain on top of which the transactions are recorded, I can see why they can't use XRP directly.
1) It'd take a lot of transactions which would be on multiple addresses, sacrificing 20 XRP on every new address.
2) It'd cost them transactions fees, even though minimal it'd add up. By using their own chain they have 0 fees.
3) If they already had a system built on their blockchain, it'd be costly and time-consuming to change everything to work with XRP and one of Ripple's products.

I don't get why they can't just use XRP directly, will it help making XRP stable?

But it may just be good if it will work exactly like XRP in terms of trading fees and volume because this will create more volume in the DEX, its what they aim for. This will build up trading volume in the DEX and less fees for traders.

Sell before it hit 0.19 

There is a nice little rise on the price today. Now trading at $0.276485    https://coinmarketcap.com/

It is heading in the right direction, slowly but still.

I'll admit I have a handful of XRP, nothing much not even enough to make me cry if it all goes to hell l but I got it at around 40 cents, so am of course not too upset. One of the few alts I own that hasn't managed to lose 50% or more of the value I bought it at actually haha.

But pay attention. All these deals you're talking about and advertising? That's Ripple the tech and Ripple the company. Not Ripple the token and blockchain. One can be more successful than the other.

It's just because the Dex of Binance is using the BEP2 blockchain, that is to say the Binance blockchain. They need to convert other cryptos in BEP2 tokens in order to manage them in their Dex.

Yes, and while many are waiting for institutional money to flow in their favorite coins, XRP is built on this premise and its team is constantly signing new collaborations.

I'm not too pessimistic for Ripple. Although the current central structure worries me a bit, I think it is an advantage for future high prices. The managers are constantly signing the deal. Advertising work is very successful.

I believe XRP has started moving to take over the 2nd position again.
Let's see how well it'll do, even through the unfair hate it receives.

Real xRapid usage ramping up?

https://eng.ambcrypto.com/xrp-transaction-in-batches-of-28000-xrp-pop-up-overnight-from-bitstamp-to-bitso/

"xRapid transactions have not slowed down in recent bear markets; according to independent XRP enthusiasts on Twitter,
the xRapid volume witnessed a massive spike, especially after the MoneyGram partnership. Although there is no definitive
data to confirm these transactions being executed via xRapid. The above data could be connected to xRapid transactions
since Bitso and Bitstamp are known to be xRapid corridors for Mexico and the U.S., respectively."

Reading that good news shows there is a lot of interest in XRP.

Hopefully it might have an impact on the XRP price.

Coinbase May Acquire Ripple-Backed Platform That Utilizes XRP: Report

Coinbase is reportedly interested in acquiring the Ripple-backed startup Omni.

https://dailyhodl.com/2019/10/05/coinbase-may-acquire-ripple-backed-platform-that-utilizes-xrp-report/

Blog Location:   https://coil.com/p/Hodor/Acceleration-/3dawvDvgk

The IoV is growing at an increasing speed!
 
To learn about the 𝐩𝐫𝐨𝐟𝐨𝐮𝐧𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 that were announced over the last busy week, refer to today's blog:

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The IMF publishes a paper titled 'From Stablecoins to Central Bank Digital Currencies.'

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple and the Xpring team organize a series of important announcements preceding the first UBRI Connect Conference & Hack-a-thon; A new Xpring SDK (software development kit) is published; Brad Garlinghouse appears at two venues - a YouTube video with Anthony Pompliano, and the Economic Club of New York; David Schwartz publishes thirteen proposals for changes to XRP; Ripple acquires an Icelandic crypto trading firm; XRP Experts explain how XRP owners can (currently) use the XRP account reserve in an XRP wallet; and Jim Chauncey-Kelly talks about Ripple's corporate culture.  

𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas kicks off the second day of the UBRI Connect Conference with a talk about web monetization; Ken Melendez incentivizes authors on Coil that choose to participate in Coil Blogging Club competitions; Cinnamon successfully integrates Coil & ILP with its video streaming platform; and I provide links to five new Coil articles from various authors.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Sincerely George organizes an effort to identify developers who should be considered eligible for the XRP Community Choice Awards; Crypto.com updates its service to allow XRP holders in the U.S. to directly debit their XRP in their Crypto.com wallet; VinDAX, a new ICO-funded exchange, adds support for XRP trading; Wietse Wind publishes two massive data stores in SQL Lite format, containing the closed XRP Ledgers and their associated transactions; Richard Holland announces a new version of the XRP Toast Wallet; @_JonnyLawrence shares a new GIF that intuitively explains On-Demand Liquidity (ODL); and PDAX, a Philippine crypto exchange, adds support for XRP.  

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:   https://twitter.com/Hodor/status/1180594715994902530?s=20  

I think it's meant just to create a pair. I don't know the hard facts but I assume the access pairs to xrp on binance are only like eth/xrp and btc/xrp. With this token it can most likely be paired with almost every coin in their dex. So you can for  example  "whatever coin on binance" -> xrp pegged token -> xrp. Just another route to access xrp it seems. Idk why its pegged to xrp value opposed to some other value tho.

Errm, let me quote the following,
"The new token is designed to give users on Binance’s decentralized crypto exchange, Binance DEX, a way to invest in a crypto asset that will perform exactly the way XRP does."
So I ask... why de hell would you create a digital asset which is backed 1:1 by another digital asset and not just use XRP directly? I mean, I don't complain if this will increase XRP's locked amount, but it juts doesn't make any sense!
I would understand it if it'd be 1:1 with a slow-moving and expensive coin like BTC, but I don't understand why would they do this with XRP.

Still happy nonetheless!