Ripple continues to be no different from other cryptocurrencies

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Of all the major" alt coins, " the alternatives to Bitcoin that have arisen in this decade, none has been more focused on becoming "real money" than Ripple (CCC: XRP-USD ). " data-reactid = "11"> Of all the major "alt-coins", the alternatives to Bitcoin that have arisen in this decade, none has been more focused on becoming "real money" of Ripple (CCC : XRP-USD ).

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ripple is not" extracted ", but verified .It is designed to circumvent the rates found in the conversion of currencies. For example, where the exchange rate could be 111 Yen to $ 1, travelers would get only 99 . "Data-reactid =" 12 "> Ripple is not" checked out "but verified. It is designed to circumvent the rates found in currency conversion. For example, if the exchange rate can be from 111 Yen to $ 1, travelers would get only 99.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt ( 0.8em) – sm "type =" text "content =" Ripple was born with great supporters, as Alphabet (NASDAQ: GOOGL ) Google Labs. with banks around the world, and its business plan remains to integrate its technology into existing payment systems. "data-reactid =" 13 "> Ripple was born with great supporters, as Alphabet & # 39; s (NASDAQ: GOOGL ) Google Labs. He has worked intensively with banks all over the world and his business plan remains to integrate his technology into existing payment systems.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " InvestorPlace – Stock Market News , advice on purchases and trading advice "data-reactid =" 14 "> InvestorPlace – Stock market news, Trading tips and trading tips

So, if any alt-coin will stabilize, you will think it will be Ripple. If any alt-currency becomes a medium of exchange, rather than a speculative asset, it will be Ripple.

But that's not how it's working.

Why Ripple has fallen

As the value of Bitcoin has fallen through 2018, from a maximum of $ 20,000 to its August 8 price of about $ 6,500, Ripple has come down along with it. A Ripple coin was worth $ 3.30 in January. Now it is worth 36 cents, and even its value relative to Bitcoin has fallen.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – -sm" type = "text" content = "The reason, as I have explained in February is that cryptocurrency is a market dominated by Asian speculators: Americans can act as cheerleaders and technological innovators, but people buy and sell cryptocurrency are, for the most part, Asian investors. " data-reactid = "21"> The reason, as I explained in February, is that cryptocurrency is a market dominated by Asian speculators. Americans can act as cheerleaders and technology innovators, but the people who buy and sell cryptocurrency are, for the most part, Asian investors.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = "Source: Block0 via Medium .com "data-reactid =" 30 "> Source: Block0 via Medium.com

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em ) – sm "type =" text "content =" A recent analysis of the fund angel cryptocurrency Block0 shows that this is increasingly true Asian currency markets accounted for 59% of trade in the fourth quarter in 2017 and 77% in the second quarter of 2018. The greatest interest per country comes from South Korea. "data-reactid =" 31 "> A recent analysis of the angel cryptocurrency Block0 fund shows that this is increasingly true. Asian currency markets accounted for 59% of trades in the fourth quarter of 2017 and 77% in the second quarter of 2018. The greatest interest per country comes from South Korea.

<p class = "canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" A resource that depends on speculation, whose value is subject to change without notice, is not a good average Why do Thai workers in Japan send their money home like Ripple, rather than Bhat, when the value of that Ripple could drop by 10% in one day, as it did on 7 August? " reactid = "32"> A resource that depends on speculation, whose value is subject to change without notice, is not a good means of exchange. Why should Thai workers in Japan send their money home like Ripple, rather than Bhat, when the value of that Ripple could drop by 10% in one day, as it did on 7 August?

<p class = "canvas atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The last autumn comes along with a unexplained increase in Tether (CCC: USDT-USD ) The value of Tether is presumably linked to the US dollar, but its sponsor, Bitfinex, is in Hong Kong and has never been checked. The cable is often used to arbitrate transactions, due to the alleged draw in dollars, and Bitfinex has been accused of using it to increase the prices of the cryptocurrency . "data-reactid = "33"> The last fall comes along with an unexplained increase in Tether (CCC: USDT-USD ). The value of Tether is presumably linked to the US dollar, but its sponsor, Bitfinex, is located in Hong Kong and has never been tested. The cable is often used to arbitrate trade, due to the alleged draw in dollars, and Bitfinex has been accused of using it to raise cryptocurrency prices.

Search for legitimacy

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In their continuous Efforts to seek legitimacy, cryptographers constantly seek validation of reliable sources Bill Clinton is scheduled for the keynote of the upcoming Ripple conference . "data-reactid =" 36 "> In their ongoing efforts to seeking legitimacy, cryptography managers are constantly looking for validation of reliable sources. Case in point, Bill Clinton is scheduled for the keynote of the upcoming Ripple conference.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "More recently, Tether Ltd. had the 39; former director of the FBI Louis Freeh verifies & nbsp; that Tether actually has the dollars to support his coins which he stated to hold in June, with about $ 7 million from spend. & nbsp; This did not stop the last hiccup. "data-reactid =" 37 "> More recently, Tether Ltd. had the former director of the FBI Louis Freeh, verifying that Tether actually has the dollars to support his coins he said he held in June, with about $ 7 million to spare. This did not prevent the last sob.

The Bottom Line on Ripple

The cryptocurrency remains subtly traded, mainly in East Asia, and the value of all the so-called "alt-coins", like Ripple, remains correlated with that of Bitcoin itself.

As this was written, Bitcoin still represented 48.6% of the total market. It is the strongest of all the crypto-coins, by far. The total value of Ripple, $ 14.4 billion, is just over 10% of the Bitcoin valuation, $ 114.3 billion.

As long as Bitcoin has stabilized, none of the other currencies, including Ripple, will be able to find stability, and it is the stability necessary for Ripple to become a medium of exchange rather than a mere speculative asset.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If Intercontinental Exchange (NYSE: ICE ), owners of the New York Stock Exchange, can not create stability in the Bitcoin market – and the price of Bitcoin fell more than 10% from announced their interest in this & nbsp; – it is difficult to see any alternative currency, including Ripple, that finds the stability it seeks ". data-reactid = "44"> If Intercontinental Exchange (NYSE: ICE ), the owners of the New York Stock Exchange, can not create stability in the Bitcoin market – and the price of Bitcoin fell more than 10% since they announced their interest in this – it's hard to see any alt-coin, including Ripple, which finds the stability it seeks.

<p class = "canvas-text canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Dana Blankenhorn & nbsp; is a financial and technology journalist, is the author of a novel mystery involving Bitcoin, Reluctant reluctant saves the world & nbsp; available now at the Amazon Kindle store. Write it to & nbsp; [email protected] & nbsp; o follow him on Twitter at @danablankenhorn At the time of writing this book he did not own shares in companies mentioned in this story and no cryptocurrency. value of the bookmark criptovalute https://coinmarketcap.com/ "data-reactid =" 45 "> Dana Blankenhorn is a financial and technological journalist. He is the author of a mysterious novel involving Bitcoin, the reluctant detective saves the world, now available on the Amazon Kindle store. Write it on [email protected] or follow it on Twitter at @danablankenhorn. At the time of writing this book, he did not own shares of companies mentioned in this story and no cryptocurrency. To follow the bookmark value Cryptocurrencies https://coinmarketcap.com/

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