[ad_1]
The recent announcement that Ripple has partnered with the three Bittrex, Bitso and Coins.ph stock exchanges is partly the reason why XRP has recovered from one of the lowest lows this year. On August 14, XRP was valued at $ 0.26 that even John Bollinger, the inventor of Bollinger Bands, was more or less certain that XRP HODLers would soon search for the hills and unload their loot. Bollinger tweeted the following:
$ XRPUSD is down 90% … time to start looking for signs of capitulation.
– John Bollinger (@bbands) 10 August 2018
Resurgence of XRP
But XRP would not have died without fighting. Just yesterday, 18 August, it was valued at $ 0.37, which is a 42.3% gain over the lows of 14 August. XRP currently has a value of $ 0.347 and an increase of 10% in the last 24 hours.
So, XRP is a better bet than all the Alt coins and also Bitcoin (BTC)
Firstly all the attention is on Bitcoin (BTC); the ETF CBOE; as well as the Bakkt company from the Intercontinental Exchange. Bitcoin stole the show and even increased its market dominance to over 50%. Everyone looks at BTC to make some important moves. Once this is done, the alts usually follow the example and make huge gains that are greater than those of BTC.
Therefore, XRP is sure to earn more than expected BTC performance in the markets. The hypothetical purchase of XRP at $ 0.35 and its gain at $ 0.90 is a 164% gain. BTC can not make a similar gain in value in the same amount of time.
Secondly the Ripple company has already convinced global banks that the software solutions of xRapid, xVia, xCurrent and RippleNet are much faster and more efficient than the traditional SWIFT. Brad Garlinghouse was quoted in June stating that dozens of banks will use their products by 2019. This means that xRapid – which uses XRP – will be one of those solutions. The demand for XRP will rise as expected from Bittrex, Bitso and Coins.ph that provide immediate liquidity for XRP.
Third the XRP community does not look like any other. They support the currency and the Ripple society through thick and thin. The XRP community even petitized Binance, via Twitter, to add XRP as the base currency on the exchange. This means that they are very proactive. Which means they are buying and HODLing. The XRP can only continue to increase in value with less digital resources in circulation.
Fourthly it is said that that Ripple wants to unite all three products of xVia, xRapid and xCorrente in a single cost-effective solution for banks and remittance service providers. This means that, once again, XRP will be the winning currency to facilitate transactions in all three Ripple products, increasing the demand for the digital asset.
Fifth, the current CTO of Ripple, David Schwartz, has been put forth by many crypto-passionate observers, as the perfect fit to be the true Satoshi Nakamoto. A recent tweet summarizes the facts as follows:
David Schwartz Satoshi Nakamoto ??? @JoelKatz
The conspiracy is growing … many questions … very wow … epic programming … impeccable cryptography … mega earnings … world domination … [19659003] The world wants to know! Retweet! #xrp #bitcoin #satoshi #ripple #btc #crypto #digitalasset pic.twitter.com/xWirABYfyD [19659003] – eXTRA HaRDCORe XRP (@XTRA_HRDCOR_XRP) 18 August 2018
In conclusion the digital resource of XRP is going very well as we enter the second half of 2018. The recent The decline of the market by the 39; Late ETF contributed to the entire crypto-market that reached the lowest level of the lowest this year. Some have argued that we have hit the bottom; others are for the suggestion that cryptocurrencies do not need an ETF. In any case, the only way is for XRP and for the crypto-markets that go on.
Disclaimer: this article is not intended to give financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.
[ad_2]Source link
