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RE: Ripple(XRB) is being sued for $19 billion
Agreed, this coin is a shit show in terms of valuation. While the underlying Ripple technology used by the banks has merit, there is no reason for the XRP token to have value. I think the people investing in XRP don't understand the difference.
The people who don't understand and invested in XRP is what makes crypto a bit scary.
"A bit scary" is a bit of an understatement, haha
I'm guessing many of the buyers sucking up XRP are noobs excited about getting rich in crypto. If you look at Bittrex for example, watch the trades: Today I seen a panic sell of 20 tokens for $52 USDT, and there are many more like that. Purchases of XRP totaling $10USDT and less being made all day long. When you only have that much money to experiment with in cryptos, then I guess that is money you really can't afford to lose... which they all will.