Ripple: The Beginning
Ripple: The Beginning
Ripple has only acquired a measly return of...1031% since the debut of its ICO back in 2012. If you go to cryptocurrencychart.com you can see the price and volume skyrocket starting in March 2017. It steadily increased in price from $.05 to find its support at $0.25. If you bought Ripple before March 29th you would have experienced 500% gains!
Gold has by all terms been considered the safe haven for wealth and has been that staple for centuries. Cryptocurrencies and Gold may not be similar to you, but you’re wrong. Both are unregulated: governments and international organizations have very little power over the market and both act like a safe haven for money in times of trouble. Now you are seeing more and more people backing cryptocurrencies like they would Gold.
Ripple is a new frame work that banks can build their platforms on. Ripple actually saves banks money with transfer fees. i.e. If you are a bank and do at least $150k a year in transactions and of those transactions the annual value in transactions is $50 mil; Ripple could save your bank $3.76 per payment, that's an annual savings of over $564k. What does that mean for banking customers? Lower fees. Other benefits for banks to use Ripple include. Access-Direct bank to bank settlements, Speed-Instant Settlement (4 Seconds) and Certainty -Real time traceability of funds.
It’s only a matter of time before Ripple is adopted across the board as an industry standard. Currently, there are 15 out of the top 50 banks working with Ripple. 116 banks implementing Ripple are in production. Right now Ripple is trading at $0.25 per coin. That's insanely cheap. When it gets mass adoption this will increase again 10%, 30%, 50% or maybe even 1000%. Now Ripple may be under the radar at the moment, but if it does reach $1.00 a light bulb will go off for alpha chasing crowds and then it’s the moon from there. Once that happens early adopters can appreciate the research we all have done.
I know that some people are going to say that Ripple is a bank manipulated coin, but you are naïve if you think that the banks are going to stay away from cryptocurrency. There is so much money to be made and untapped resources.
Personally for me. Its HODL life.
Steemit - @alt.life
Disclaimer – This is not investment advice. Always perform your own research.
Ripple sounds like a good idea, the technology behind it is solid. However the only thing that has made me weary of investing is the amount of coins the creators still hold. Ripple was pre-mined and the creators have only release a portion of the coins. They still hold over 50% of the coins in existence, maybe 60%
This means that 50% of XRP's market cap ($9,853,675,986) isn't in circulation, if it wasn't being held and was in circulation you could expect the price to approximately half. The reason they're holding onto so much is because they don't want the price to fall, they release a certain amount of coins each year to drip feed the supply and artificially inflate the price.
Maybe i'm just scared to invest and will regret this over the next few years. Good luck to you all!
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