WARNING: 4 ~ 5 years account age. 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 i c are about my investment over the next 5 to 10 years. It is not. They must still have red ass from the 2017 bull run's mac daddy percentages over Bitcoin. We'll see who's laughing last. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. 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. Finance Magnates Telegram Channel; In a historic week for Bitcoin, let’s take a look back at the biggest news stories from … 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. Press question mark to learn the rest of the keyboard shortcuts. hide. 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. r/Ripple. New comments cannot be posted and votes cannot be cast. XRP is now the third most valuable cryptocurrency in the world with a market cap of more than $26 billion. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. without having to pre-fund nostro accounts. Can someone kindly shed light on how one affects the other? Not only will XRP soon be the only crypto out there with regulatory clarity, but it's also designed to play nice with anti money laundering regulations straight out of the box. without having to pre-fund nostro accounts. In return, I bought more XRP with the last of my btc profits. XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. 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. Ripple also aims to make cross-border payments far more efficient for these large payment providers. Early success in showing these solutions is why major financial institutions have been quick to partner with the Ripple pl… Saw how low the price dipped, and just started laughing my ass off. Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion . XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Why XRP Is Skyrocketing As Dogecoin, Bitcoin, Others Retreat. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Furthermore, XRP could outperform Bitcoin … We saw Bitcoin double in a few weeks , ultimately hitting a new high above $40,000. Gotcha. https://ripple.com/compliance/. 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. 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. Bitcoin is a distributed, worldwide, decentralized digital money. Along with Bitcoin and Ethereum, XRP (Ripple) is one of the top giants of the cryptocurrency market. XRP price jumped as much as 15%, while bitcoin and ether traded near record highs. Vitalik’s past activity related to the support for ripple (XRP) was also brought up by people. The cryptocurrency XRP is skyrocketing, up 61.8% since … thats a major short term gain) . Fast forward 3 years later and it's really starting to take off again. As Reddit users shift their focus from stocks to silver and crypto, hope is rising about Bitcoin becoming the ultimate beneficiary. 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. Using XRP, banks can source liquidity on demand in real time . 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. Reddit should use XRP instead of ETH for tokenization. Pros of dBFT fast, scalable. 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. XRP has just surpassed its arch-rival, Polkadot, amid strong buying pressure from an army of relatively young traders on Reddit. However, in December 2020, the U.S. SEC issued a lawsuit against the XRP cryptocurrency project. In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively … Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle. User account menu. XRP traders nurse 48% losses. Since that … your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. I also understand that this will eventually replace swift transactions because it's cheaper, faster and more efficient. Log In Sign Up. So ignore the fud that xrp is centralised. XRP like bitcoin can be used for payment but it's much more feature rich and can be used to transfer value I.e. It's being used for a bunch of pilot programs. I'm invested into xrp, but im also invested into other coins like ada, eth and bitcoin. 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. 91. 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. Bank of America, against Bitcoin and on Ripple!!!! January 31, 2021 9:22 pm. Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox. This may refuel the narrative that crypto is dangerous, and adoption by larger financial institutions not worth the risk. Close. But do you think XRP is at bottom yet? Bank of America, against Bitcoin and on Ripple!!!! XRP has experienced some impressive price volatility lately. Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. 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, 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. Today is an excellent example. I bought close to 6000 xrp in mid January of 2018. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. https://thecryptobasic.com/2021/04/18/shady-twitter-account-fxhedge-tweet-erased-288-billion-from-crypto-market/. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. A present which seems valuable but which in reality is a curse. ♂️ For this reason I think we've reached the bottom for XRP and we're on the way up again following Bitcoin. I really believed in it's potential but lost interest in the cypto world when it tanked. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. In his analysis, he explores one situation where XRP could surprise everyone in 2021 by having its best year since 2017. 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. Elon Musk’s Tesla bitcoin purchase sent it soaring to a record high on Monday. I even bought 3000 more last week. Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56%. 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. 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. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. The group started discussing XRP and a huge demand … tbh i dont really care about the next weeks. In the very recent, Vitalik preferred ripple (XRP) over bitcoin (BTC). share. We’re in this for the long haul guys, so don’t be discouraged. But once again, countries will be using their own Ripple protocol to transfer and exchange currencies at the same time. BitcoinBitcoin, BTC to USD, rose by 3.08% in the week ending 11th April. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. without having to pre-fund nostro accounts. 117. 7 days ago. 20 comments. Posted by. 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. 4 days ago. What was the point of this post again? We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Continue browsing in r/Ripple. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. All very good points. Enter Ripple and XRP. License. I'm split 50/50. The individual price doesn't matter so much as the market share. So BTC is your gold and XRP is the cash in your wallet, credit card and bank account! report. Ripple Labs has indicated that XRP is 57,000 times more environmentally friendly than Bitcoin (BTC). Ripple itself has realized this and is in their words "ATTEMPTING" to market differently. I posted last week that I look at Weekly snapshots of XRP vs BTC. Once we win this case, that's us. 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). 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. Btc would then be 380bil which is a 5% drop for btc and a 100% increase for xrp. Press J to jump to the feed. Just my thought. 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). This fact alone makes us take a closer look at the Ripple project. Let's say that btc lost 20bil to xrp essentially doubling it. Interesting post and I agree. So btc would have to go from 400bil to 800bil to double while xrp would only need to go from 20bil to 40bil. 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. Bitcoin $50k, XRP Whales, Binance Coin, ThinkMarkets Japan: Editor’s Pick ICYMI: The biggest news stories of the week. I've watched plenty of youtube videos (bearable bull is my fav) but still do not fully understand how Ripple can influence xrp price. Two new ERC20 tokens of Reddit “MOON” and “BRICK” tokens will be issued for the distribution of the community points. Half of them are con artists for example this guy named bearabull, he clearly has no idea wtf he's talking about and he's been wrong on every prediction since he came out. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Press question mark to learn the rest of the keyboard shortcuts. The digital currency caught the attention of r/SatoshiStreetBets, a crypto-focused Reddit group. I know that you couldn't possibly mean to be sarcastic, so, simply, my point is that while I'm balanced 50/50 between XRP and Bitcoin, I think that Bitcoin will significantly outperform XRP and almost every other cryptocurrency until at least up to when the Bitcoin ETF is approved and announced. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. A year later, Chris Larsen, Arthur Britto, and David Schwartz joined McCaleb’s team. Ben Myers | Analysis | Sunday, 21/02/2021 | 16:20 GMT+2 2021-02-21T14:20:39+00:00 2021-02-22T06:55:14+00:00. 8 days ago. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. if you want to passively invest in order to make money long term while not give yourself a coronary by looking at monthly/weekly/daily/hourly chart analysis, then i pick xrp over bitcoin. Before the Reddit rally started, investors were flooding into Bitcoin and its cryptocurrency peers. 0 - 40 comment karma. I paid 2.92$ . Ripple (XRP) Announces Partnership With Bank of America. Share this article. Photo: FM. 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. Press J to jump to the feed. Can be centralised but not in ripples case as validating nodes have been delegated. (Photo by S3studio/Getty Images) 2018 S3studio. Press question mark to learn the rest of the keyboard shortcuts. your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. save. I held on to it on my digital wallet and forgot about it. Using XRP, banks can source liquidity on demand in real time 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. It was helped a little by Redditors pumping the asset as they previously have with GME stock and Dogecoin. If we are talking consensus and development. 20 days ago. Bitcoin up, everything else down. 173k 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. Your opinion? Modern Consensus takes a look at the state of the market and what might be in store for Bitcoin in the coming days. 117. Compare Bitcoin vs XRP - Best cryptocurrency compare tool ever, Compare cryptocurrency with last 1 hour, 1 day or 24 hours & 7 days comparison Cons . That being said I fucking hate the xrp community, especially the xrp youtubers. 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 … Be a bridge asset, the main point of xrp. end of 2018 like Brad says. Using XRP, banks can source liquidity on demand in real time XRP is the base currency for the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes. So Banks do not need XRP, they don't want XRP and they cannot use XRP. 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? 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. The fact is Ripple shills make it seem like XRP is adopted and being used. 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