Press question mark to learn the rest of the keyboard shortcuts. However, in December 2020, the U.S. SEC issued a lawsuit against the XRP cryptocurrency project. https://thecryptobasic.com/2021/04/18/shady-twitter-account-fxhedge-tweet-erased-288-billion-from-crypto-market/. License. hide. Crypto weekend: Ripple (XRP) price doubles on SEC response, Reddit pump San-Francisco-based fintech firm Ripple has responded to the Securities and Exchange Commission, resulting in a surge of over 100% for its XRP token prices. if you want to gamble on daily trades, stress out over every possible thing that effects price (which no one truly understands all aspects of), and pay the associated capital gain tax per transaction then i think youre correct that bitcoin can offer higher gains in the short term (hell it was 6600 last week and is at 7725 right now. Finance Magnates Telegram Channel; In a historic week for Bitcoin, let’s take a look back at the biggest news stories from … Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. BitcoinBitcoin, BTC to USD, rose by 3.08% in the week ending 11th April. We saw Bitcoin double in a few weeks , ultimately hitting a new high above $40,000. I paid 2.92$ . 173k Enter Ripple and XRP. Bitcoin is a distributed, worldwide, decentralized digital money. XRP was built for speed and cost-effectiveness so that it may serve as a viable alternative to SWIFT, which currently manages the movement of approximately $5 trillion per day. . (Photo by S3studio/Getty Images) 2018 S3studio. Press J to jump to the feed. Add to this the growing fear of the SEC swooping in and declaring whatever they like a security, and crypto is understandably unattractive to some investors. Bitcoin up, everything else down. Ripple provides a blockchain solution which tries to solve the problems that have hampered the financial industry over the decades: slow transaction processing speeds, high transaction costs, and unreliability. The group started discussing XRP and a huge demand … Gotcha. 117. Markets Report: Elon Musk’s Bitcoin endorsement fizzles as Reddit takes on XRP, Dogecoin Slow progress for Bitcoin even after an endorsement from Elon Musk allows two altcoins in particular to steal the show By Anthony Bevan / February 1, 2021 XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days. XRP like bitcoin can be used for payment but it's much more feature rich and can be used to transfer value I.e. XRP is now the third most valuable cryptocurrency in the world with a market cap of more than $26 billion. i c are about my investment over the next 5 to 10 years. We'll see who's laughing last. 117. Vitalik’s past activity related to the support for ripple (XRP) was also brought up by people. Using XRP, banks can source liquidity on demand in real time Source: TradingViewXRP traders nurse 48% losses Data from Cointelegraph Markets and TradingView showed extreme volatility set in for XRP/USD during Monday trading, hours after a now-infamous Reddit group … This fact alone makes us take a closer look at the Ripple project. Btc would then be 380bil which is a 5% drop for btc and a 100% increase for xrp. So ignore the fud that xrp is centralised. If a handful of big name banks start using XRP and Xrapid then we will separate and start to take over that number one spot. Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion . Why XRP Is Skyrocketing As Dogecoin, Bitcoin, Others Retreat. 20 days ago. And I largely agree, but, I don't see any way that XRP outperforms Bitcoin up to ETF announcement and it would give me more Bitcoin to buy XRP. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Reddit should use XRP instead of ETH for tokenization. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. I really believed in it's potential but lost interest in the cypto world when it tanked. Share this article. Ripple itself has realized this and is in their words "ATTEMPTING" to market differently. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. share. Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle. It needs to reach 7 dollars to take over Bitcoin in market cap, I think however the comparison is not fair, BTC is a store of value and will always be the king “ first mover advantage” Ripple/ XRP trying to be the day to day transaction method in daily financial processes. 20 comments. report. Continue browsing in r/Ripple. For this reason I think we've reached the bottom for XRP and we're on the way up again following Bitcoin. Press question mark to learn the rest of the keyboard shortcuts. Bank of America, against Bitcoin and on Ripple!!!! Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors.. XRP/USD 1-hour candle chart (Bitstamp). The company is clear that XRP is not meant to be an investment in the same way others may treat bitcoin: Private exchanges and liquidity providers may choose to hold additional XRP for trading. if you want to passively invest in order to make money long term while not give yourself a coronary by looking at monthly/weekly/daily/hourly chart analysis, then i pick xrp over bitcoin. I know that you couldn't possibly mean to be sarcastic, so, simply, my point is that while I'm balanced 50/50 between XRP and Bitcoin, I think that Bitcoin will significantly outperform XRP and almost every other cryptocurrency until at least up to when the Bitcoin ETF is approved and announced. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. User account menu. In the very recent, Vitalik preferred ripple (XRP) over bitcoin (BTC). Today's market wide sell-off was apparently caused by a potentially erroneous tweet by a 'Shady' twitter account, regarding the U.S Treasury going after large financial institutions for money laundering via crypto. Furthermore, XRP could outperform Bitcoin … Fast forward 3 years later and it's really starting to take off again. I'm split 50/50. My thought is that they will be coupled until banks use XRP, and I think it will need to be more than just one, i.e. by Neer Varshney. TradingView data showed that the intense volatility set in for XRP/USD during Monday’s trading hours after the now notorious Reddit group r/Wallstreetbets decided to purchase the token en masse.. After hitting $0.75, losses started to escalate steadily, with the downside increasing until XRP bounced off a low of $0.39—48% below the top. 91. Users can earn “community points” for creating quality content, which can be used for special features such as special badges, custom GIFs, and other premium features. A year later, Chris Larsen, Arthur Britto, and David Schwartz joined McCaleb’s team. The digital currency caught the attention of r/SatoshiStreetBets, a crypto-focused Reddit group. Elon Musk’s Tesla bitcoin purchase sent it soaring to a record high on Monday. https://ripple.com/compliance/. It's being used for a bunch of pilot programs. Since that … The affiliation of Vitalik Buterin, the co-founder of ethereum, with ripple (XRP) was popular on many social platforms including Reddit and Twitter in the last twenty four hours. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. Posted by. Following on from a 4.40% gain from the previous week, Bitcoin ended the week at $60,032.0.A mixed start to the week saw Bitcoin rise to a Tuesday high $59,499.0 before hitting reverse.Falling well short of the first major resistance level at $60,676, Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Be a bridge asset, the main point of xrp. A present which seems valuable but which in reality is a curse. Photo: FM. The cryptocurrency XRP is skyrocketing, up 61.8% since … Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. save. I'm invested into xrp, but im also invested into other coins like ada, eth and bitcoin. I've watched plenty of youtube videos (bearable bull is my fav) but still do not fully understand how Ripple can influence xrp price. January 31, 2021 9:22 pm. I also understand that this will eventually replace swift transactions because it's cheaper, faster and more efficient. I bought close to 6000 xrp in mid January of 2018. Bitcoin $50k, XRP Whales, Binance Coin, ThinkMarkets Japan: Editor’s Pick ICYMI: The biggest news stories of the week. ‍♂️ Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. 0 - 40 comment karma. WARNING: 4 ~ 5 years account age. Press question mark to learn the rest of the keyboard shortcuts. Today is an excellent example. your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. Press J to jump to the feed. end of 2018 like Brad says. 4 days ago. tbh i dont really care about the next weeks. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). New comments cannot be posted and votes cannot be cast. Along with Bitcoin and Ethereum, XRP (Ripple) is one of the top giants of the cryptocurrency market. As Reddit users shift their focus from stocks to silver and crypto, hope is rising about Bitcoin becoming the ultimate beneficiary. That being said I fucking hate the xrp community, especially the xrp youtubers. Modern Consensus takes a look at the state of the market and what might be in store for Bitcoin in the coming days. Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56%. Once we win this case, that's us. If we are talking consensus and development. I posted last week that I look at Weekly snapshots of XRP vs BTC. Close. Ripple Labs has indicated that XRP is 57,000 times more environmentally friendly than Bitcoin (BTC). Rule 3: No FUD, Scare Tactics, and Marketing Hype, Rule 4: Use Suitable Titles and No Excessive Caps, Rule 5: No Spamming and No Low-effort Contents, Rule 6: Use Search Before Posting Basic Questions, Rule 8: No Illegal Activities and Illicit Contents, Rule 9: Do Not Scrape, Plagiarize | Include Source, Press J to jump to the feed. Can be centralised but not in ripples case as validating nodes have been delegated. It is not. Early success in showing these solutions is why major financial institutions have been quick to partner with the Ripple pl… Before the Reddit rally started, investors were flooding into Bitcoin and its cryptocurrency peers. But do you think XRP is at bottom yet? Compare Bitcoin vs XRP - Best cryptocurrency compare tool ever, Compare cryptocurrency with last 1 hour, 1 day or 24 hours & 7 days comparison In his analysis, he explores one situation where XRP could surprise everyone in 2021 by having its best year since 2017. your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. So Banks do not need XRP, they don't want XRP and they cannot use XRP. So btc would have to go from 400bil to 800bil to double while xrp would only need to go from 20bil to 40bil. In return, I bought more XRP with the last of my btc profits. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. But once again, countries will be using their own Ripple protocol to transfer and exchange currencies at the same time. without having to pre-fund nostro accounts. Ripple also aims to make cross-border payments far more efficient for these large payment providers. Using XRP, banks can source liquidity on demand in real time r/Ripple. It was helped a little by Redditors pumping the asset as they previously have with GME stock and Dogecoin. Let's say that btc lost 20bil to xrp essentially doubling it. I understand that the federal reserve, the European union and many other huge players are planning on digitizing currencies using the Ripple protocol but as far as I understand they're not going to be using xrp, they're going to use their newly created digital currency. without having to pre-fund nostro accounts. XRP has just surpassed its arch-rival, Polkadot, amid strong buying pressure from an army of relatively young traders on Reddit. Bank of America, against Bitcoin and on Ripple!!!! Using XRP, banks can source liquidity on demand in real time 8 days ago. They must still have red ass from the 2017 bull run's mac daddy percentages over Bitcoin. 7 days ago. This may refuel the narrative that crypto is dangerous, and adoption by larger financial institutions not worth the risk. Cons . I hear what you are saying and maybe in future XRP will outperform Bitcoin, but, generally speaking, the trend and the crowd are usually correct. Interesting post and I agree. Half of them are con artists for example this guy named bearabull, he clearly has no idea wtf he's talking about and he's been wrong on every prediction since he came out. Pros of dBFT fast, scalable. All very good points. We’re in this for the long haul guys, so don’t be discouraged. XRP is once again above the $0.25 price area and could be in consolidation Crypto analyst Timothy Peterson, has shared a recent analysis of XRP. Ben Myers | Analysis | Sunday, 21/02/2021 | 16:20 GMT+2 2021-02-21T14:20:39+00:00 2021-02-22T06:55:14+00:00. XRP price jumped as much as 15%, while bitcoin and ether traded near record highs. XRP now has a market value of about $22 billion, while Polkadot, an open-source multichain protocol that enables the cross-chain transfer of any data or asset type, had a market value of $14.6 billion. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. What was the point of this post again? Can someone kindly shed light on how one affects the other? The fact is Ripple shills make it seem like XRP is adopted and being used. Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. While I love the soul of Bitcoin, the anonymity of Monero, and the various pros and cons of many of the other coins out there, I think big investment will favour companies and currencies safest from trigger-happy regulators. XRP traders nurse 48% losses. Bots might pull XRP up along with Bitcoin, but if all the bot users expect BTC to take off and leave alts behind, maybe you'll be waiting a bit longer for an XRP rise. Two new ERC20 tokens of Reddit “MOON” and “BRICK” tokens will be issued for the distribution of the community points. So BTC is your gold and XRP is the cash in your wallet, credit card and bank account! Your opinion? I held on to it on my digital wallet and forgot about it. XRP has experienced some impressive price volatility lately. Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Ripple (XRP) Announces Partnership With Bank of America. However, it appears that the next market driver will be the Bitcoin ETF announcement, whenever it takes place and the rest of the alt coins (everything not Bitcoin), will underperform Bitcoin in the run up to the ETF announcement, whether that's in a week or in month's. In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively … Bitcoin is tackling a pivotal level as a new week begins but is taking a back seat to Dogecoin and now XRP — what’s next? The individual price doesn't matter so much as the market share. Just my thought. https://thecryptobasic.com/2021/04/18/shady-twitter-account-fxhedge-tweet-erased-288-billion-from-crypto-market/, Ripple’s Ultimate Strategy; why XRP will increase in value, List of Ripple Partnerships and RippleNet Implementations. 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