Can someone explain this financial wizardry..666% increase in market cap in a year and 27% increase within 24hrs...XRP and its climbing?
Someone ask me this question and as a cryptocurrency enthusiast I was lost for words. Can we get a discussion going. How do I break down the financial behind it?
The obvious fear is that of scam and quite frankly no one seems to understand the details behind it. Lets see if we can get some discussion going on the matter.
Maybe it's scared money leaving the EU This country boy is giving you an up vote and a follow
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The big boys would always remain the big boys...cryptocurrency is taking off..the cryptocurrency with the most potential would continue to spike...you have to always remember these guys always try to assort power and control where they see potential and that's cryptocurrency for you.....the cryptocurrency that gives the elite a little say and offers hope for the common man would probably be the biggest winner
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With all time highs in the stock markets and reports about a lot of the smart money being taken out from there, this could also be some of that money entering the digital currency universe. It is a banker coin after all, and their pockets are pretty deep. They would need to do it as quiet as possible to keep the price down while doing it.
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This is people chasing the hot coin. It's happening all over the crypto space. Once XRP is no longer the hot coin it will drop back down to something resembling true value. I agree this is hard to wrap one's head around :)
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Interesting because no one seems to be covering it...look at BCN, it has been killing it...I still cannot get behind the story with BCN, but with XRP its rumored that its the banks and whales favorite...BCN apparently the whales love it, probably they just buy big blocks and soon it would be to expensive for everyone...for me Bitcoin is now a whale game, and we are coming close to that magic 21 million, so I think the pace of other cryptocurrency is just starting....the ones with the much potential would be bought in large blocks, I would be surprise if XRP and BCN are 100+ at the end of the year.....steemit has potential as well....so we would see how things play out
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