That's Ripple for any of you non traders out there.
The other day we saw LTC soar to massive numbers as investors flocked to different investments as bitcoin's rally slowed.
Likely to diversify themselves a bit with their massive bitcoin gains.
That rally briefly put LTC as number 4 on the largest crypto market cap list.
Today, we saw that trend continue.
Check out the chart of XRP (Ripple):
With this rally, XRP has now leapfrogged LTC and moved into 4th place on the largest market cap list for cryptocurrencies.
Currently it sports a market cap just over $18 billion.
Why is this happening?
A couple reasons are likely.
As was mentioned above, people are probably diversifying some of their bitcoin gains over the last several months into some of the other coins.
LTC was the first major one, but we also are seeing a rotation into Ether as well, and now XRP.
Ripple uses blockchain technology to develop a payments network for banks, digital asset exchanges and other financial institutions. XRP is the digital coin network participants use for transactions.
Hopefully at some point Steem joins the party and becomes part of this rotation!
Stay informed my friends.
Image Sources:
https://kejnav.deviantart.com/art/CRYPTO-HOST-Wallpaper-295242648
Follow me: @jrcornel
XRP is going to end BAD. This is a bankster's tool. Almost no decentralization.
I bet on LTC and ETH, among few others. The future will show soon who was right.
That's right, because the whole crypto-space is based on logic. 🙄
I have 13 XRP, can't go much wrong with that. Just don't put too many cash in coins that are risky.
agreed .. I do trade only in XRP not holding for large quantity for long .. EOS IOTA ETH BTC &&& my love bird cardano (ADA)
I thought about buying this coin last week be cause i thought it would go up, but I dont like what it represents so i didnt!!!
I guess we must always invested in at-least the top 10 coins, as we never know which day belongs to which coin.
I was telling a friend who is interested in wntering the market to diversify among altcoins.
Seems like the smartest overall strategy
Diversifying is always a best strategy.
Diversifying is the best strategy for investing for sure. But we should diversify also with other things than cryptocurencies, they could eventually burst together !
yes .. but what about those who only hold BTC from year 2014 =D
True. Everybody rushes to one coin randomly. Exciting and stressful at the same time.
I think we must invest some small percent in alt coins and hold #hodl the bitcoins.
Wild rides indeed!!!
I think it would be awesome for Steemit to join this rotation.
I invested in Litecoin and did great, but because I am so new to it I had no idea that I needed the XRP to be able to do transactions.
Thanks for this informative post @jrcornel
Yes
Hi, the easiest way is to create an account on www.gatehub.net and send there first 20 XRP. Without starting amount will the wallet locked.
You can trade there also.
A ripple for steem would be awesome - still trying to process the current price surge, Do you think this will be maintained for a few weeks or is a drop more likely?
Indeed, a jump to 4 or 5 is inevitable. At least reaching close to old highs by the next month seems feasible
Hell yes ripple, rip on through to the moon!
I'm sure Steem with have it day.
very nice post. i bought in into ripple some days ago and it was so slow had to reset my price so i can sell off when it gained a little but later it mooned! crypto is quite a funny space but interesting.
next big thing is Elyte. new, excellent team and loving community plus discounted white list
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regards
what is tomorrow ? what is the next coin that will go to the moon ?
LTC again
why ltc, usually coins go up and down, why you believe that ltc will keep going up ?
The price is litecoin is very undervalued, it will go up eventually.
Fees to send Litecoin is very less which makes it useful for day-to-day transactions.
Faster speed,
Atomic swap,
are other reasons
While BTC will be used as asset (There will be less transactions of BTC, will not be used for daily transactions).
LTC will be used for daily transactions.
I too see LTC only seriously going up in value once exchanges offer more LTC pairs for trading instead of just LTC vs fiat or Tether. So people either invest to hodl LTC or are then forced to convert into BTC as one has to have BTC in order to trade most of the other altcoins. With all the recent surge of interest & new investors coming into the markets, the number of BTC transactions rocketed. With LTC's faster transaction times, other things like arbitrage will also be more feasible... OTOH BTC too will have faster transactions once Lightning comes online, so that won't be a USP for LTC anymore.
Oh if i could go back to 2009 and buy alot of bitcoin!
There are a lots of cryptos with you can invest, and you can always buy bitcoin, it is going to the moon.
my partner at out tat shop just dropped 800 on bit.hope he does well
I'm surpised XRP jumped that high!
I'm looking forward to the Ripple boom personally. I have some money invested in it. Fortunately its money I don't need so I am happy to risk it. I do think its a long term investment though and not for quick trades.
A swell for steem would be marvelous - as yet endeavoring to process the present value surge, Do you think this will be kept up for fourteen days or is a drop more probable?
thanks a lot for discuss about crypto..carry on your activity my dear..can i resteemit your blog??
Yes you can😉
okk my friend..✌✌✌
already resteemit done...
I think Japan is pretty smart adopting ripple into their banking system. If China keeps pushing back, and Japan keeps accepting and adapting...I see interesting things happening in Asia.
What are your thoughts on Korea's crackdown?
Crackdown in what way? I believe regulating these things is needed and that is what they appear to be doing. There is no ban for trading them like some were speculating last week.
I thought they were going through with it. I know they held an emergency meeting on it as well. Maybe I misconstrued. I also believe in regulation. I just thought that they were all out banning crypto.
Ltc and Iota has ruined my life . I think Bitcoin is only love of mine 😂
Quite Informative.Thanks for sharing.
Might be ZEC and ZCL next..
A ripple for steem would be awesome.
Xrp usually pump and dump faster
Yeah, I was listening to some guy on youtube this morning about this. He said he was going to convert his XRP to BTC because of this spike. He must have gotten in at a great xrp/btc price. I've been in xrp for a while now, simply because Ripple has completely tanked vs Bitcoin over the past several months. If I even want to break even in Bitcoin, Ripple is going to have to get to at least 5000 satoshi. I guess xrp is at least half way there now, lmao.
please, say to me the tomorrow one :)
Bought some Ripple just the other day, proud to say I've made a whole $20 off of it so far :P
I think BTC being exposed to futures is only going to increase volitility for altcoins. All the investors trying to hit 20% gains will be jumping around looking for whatever the flavor of the day is. Personally, I just want to see BCASH out of the top five. Here's hoping XRP, LTC, and IOTA have what it takes.
@dreamiely
Nice information 👏👏💮
Thanks
I am new at steemit.so welcome me and upvote my last post.i shall be thanks full to you.
Follow by follow.
I upvote your post.
Cool BTC is sharing the wealth... yes hopefully when new users get their feet wet they will diversify into Steem as well!
@jrcornel The key is to diversify.
TrunBit | Your Honeybadger
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Thanks for bringing this to a wider audience’s attention. I’ve been Tweeting about some possible entries for traders on my Twitter and you can see some of my charts on my Ripple blog post here.
See you around mate!
I've invested on Ripple a few days ago, but i'm thinking of selling everything if it reaches $1. What do you guys think? THe price now is approx. 0.72 https://www.tokens24.com/coin/ripple/
It looks like Bitshares is on the move now.
not sure if i agree with the first point you made. bitcoin is highly correlated with xrp (and other alts). if you truly wanted to diversify, you would look for assets that have weak correlation with btc. i don't know what they are off the top, but they can be found with some minimal computational efforts. maybe lean hog futures or some healthcare stocks, but certainly not other alts.
The best rules for a safe investment strategies:
We all know that the litecoin is the silver of bitcoin
If we suppose that the bitcoin is the gold = litecoin is the silver
If we suppose that the litecoin is the gold the question is what the silver of litecoin know
in my opinion the vertcoin (VTC) is the silver of litecoin
even clif high talk about it ((The indications are that the 'technical trials' will yield very
'substantial' success. These sets are also in the supporting chain for increases in LTC speed))
If someone have a good TA share it.
dope
Its went so high and still climbing !!
I don't like when people compare LTC and XRP! Ripple will never reach Litecoin's price. However, Ripple will rise significantly in 2018 so i guess it would still be a wise move to invest in XRP as long as the price is below $1.00 https://coinmarketcap.com/currencies/ripple/