What Is Ripple?

Posted in Default Category on May 31 at 07:30 AM

Ripple, a cryptocurrency that ranks third on the coinmarketcap with a market capitalization of $23.9 billion Dollars as the time of this article and a circulating supply of 39.1billion XRP with a price of $0.61.

Ripple (XRP) has boomed over the past few months. From a starting price of 0.0065$ at Jan 1 2017, to around 0.19$ as at 24 July 2017, ripple has gone up in value with over 3,000%. That is an impressive growth in first two quarters of 2017.

As discovered by our correspondent @tmmcode in a research, this simply means that if you had bought or invested in ripple as at 1 Jan 2017 with about$100, you would have gotten about 15,384 XRP ripples, and then by the beginning of second quarter (april) when ripple was $0.35 you sell all 15,384 XRP, you would have had $5,384 in profit within four months, against an investment of$100. Is that cool or what. All this without leaving the comfort of your home. That is over 5000% profit in four months. Who says there is no easy way to make money. But you have to be smart.

This is just the beginning. As at Q1 2018 the price of ripple grew ripple substantially.

Despite being undervalued, ripple has had an impressive growth and I see a big future for ripple. Ripple is an embracing digital asset owned by established institutions, with Bank of England and Bank of Japan coming out and saying that ripple is being considered as a legal tender at some point.

Also with the creation of RippleNet, a network build on the blockchain that connects banks, payment providers, digital asset exchanges and corporates to provide one frictionless experience to send money globally, you can be sure that the price of ripple will go higher.

When you see this developments, one cant help but feel that ripple is on be right path, that interest and price will continue to grow.

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