Crypto analysis.
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The future of RIPPLE?
Could the bitcoin fork cause a massive influx to XRP?
Ripple could possibly hit $10.00 before the year is up, thanks to the Banks, past trading patterns and the Bitcoin fork.
I'm holding onto 2072 'Ripple' which was purchased around May/June 2017.
The future will be the decider!
A few pointers >
Federal Reserve is going with Ripple.
Federal Reserve released its Faster Payments Task Force’s action plan for bringing faster payments to the United States, highlighting Ripple’s ability to underpin the next generation of cross-border payments.
It’s the fastest and most scalable digital asset, enabling real-time global payments anywhere in the world.
Ripple is currently listed on 30 exchanges.The #XRP Ledger ecosystem has expanded to 55 validator nodes, an increase of 120% since May 2017.
Open-source technology, built on the principles of blockchain with a growing set of validators.
XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
The Bank of England has carried out a successful test of an “interledger” programme developed by Ripple, the California-based blockchain specialist, to synchronise a payment between two central banks’ systems.
All three of Japan’s largest banks have now joined the Japan bank consortium using Ripple, including Sumitomo Mitsui Banking Corporation (SMBC), MUFG and Mizuho. We also welcome Japan Post Bank to the roster of the top banks by assets using Ripple for payments in Japan.
Since 2012, Ripple has methodically sold XRP and used it to incentivize market maker activity to increase XRP liquidity and strengthen the overall health of XRP markets. To alleviate concerns surrounding XRP supply, Ripple has committed to place 55 billion XRP into a cryptographically-secured escrow account by the end of 2017.
What should you do?
I am not advising advising a do or don't scenario. Based on information, you can decide.
Once again thanks for reading...keep on searching!
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