This is really bad. So many persons will get REKT.
How did people even hype that centralized coin like that?
Just like Bitconnect, this one will also become a grand failure.
Like seriously, I wanna shout the F word now, but let me just wait.
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There's a lot of false information out there about Ripple. Even the website BitInfoCharts.com has misleading data showing it doing over a million transactions per day, when those are not actually transactions on the Ripple Ledger.
What are all these transactions that the riplles website shows? Fake transactions?
There are three separate metrics that XRPCharts show. The one that is called "Transactions" on BitInfoCharts and the charts page of XRPCharts, are exchange trades. As in, trades happening on the various exchanges (Binance, Bitfinex etc. for XRP). They have nothing to do with the Ripple Ledger.
The two other charts with much lower volume are on the Ledger, Ledger Trade Volume and Ledger Payment Volume. Bloomberg investigated these (I did myself as well a few weeks ago and reached the same conclusion) and found that they are almost entirely test transactions, with virtually 0 real transactions. You can dig into them yourself on XRPCharts, although working out what the transactions that aren't labeled "test" are, which is most of them, takes more work.
Oh, I didn't know that. Very interesting because I also investigate the transaction counts and volume of the coins and I wondered why ripple has so much transactions. Usage is a very important aspect when evaluating cryptos.