3 Comments

  1. Ian Cunnington
    January 5, 2018 @ 1:16 am

    A great blog but I strongly doubt ripple will have the same effect as bitcoin even if they use a similar algorithm.
    The sudden surge in XRP is entirely based on their payment system as you mentioned meaning if it fails the coin also fails. Another factor is that the founders are not really behind their coin, they are refusing to comment on any speculation around ripple which could imply they know something that we do not know.
    Other than that XRP is good investment for now.

    Reply

    • Evelyn Chen
      January 5, 2018 @ 1:25 am

      With Ripple’s XRP coin hitting a high of $3.84, the company’s co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper.
      Forbes cited a source from the company stating that Larsen has a 17% stake in Ripple and owns 5.19billion XRP. This automatically puts him in the top 5 of America’s richest, even above the Google founders.
      We might not want to believe it but Ripple and XRP need to be watched closely.

      Reply

  2. Matt Wright
    January 13, 2018 @ 2:41 am

    I think the increase in value of many cryptocurrencies is based on a false hype rather than the actual value of the coin or business.
    Similar trends emerged on Wallstreet where blue chip company stocks were sold at premiums that they were not worth.

    It will be good to review this post after say 6 months and see how these coins are doing.

    Reply

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