Ripple is able to benefit from the damage done to Bitcoin …
The days after it was dodged under the $ 4000 mark for the first time since the fall of 2017, the price of Bitcoin remains under pressure, and is around $ 3500 and $ 4000 (popping back over $ 4000 during the night). This is still over $ 2000 cheaper than the price of just three (long) weeks ago, and drastically falling on its value at the end of last year.
That said, despite its price challenges, Bitcoin has remained the most popular and valuable cryptocurrency. But its dominant position could be threatened, and Ripple seems to be able to benefit from it.
Ann-Kirstin Iversen is an investor in Ripple, who also works in development and real estate. And she is one of the many supporters of cryptography who think that the day of Bitcoin has almost come.
"I think Bitcoin is in trouble," he said, "and I do not think we've seen the bottom yet," he added, "to see how the ego of a few men can practically accumulate fuel on the market is scary."
"XRP is faster and cheaper than other mainstream crypts," he continued, "and has real use cases, as the current market shows, pure speculation is not enough."
While the price of Ripple has been as much under pressure as its crypto-colleagues, the growing interest in its underlying blockchain technology has suggested interesting times in the future. Which is a little more than substance under the Ripple currency which offers more protection against price fluctuations than Bitcoin.
With the fund still to be found with the Bitcoin market, Ripple may be ready to jump …