Waking up to the news that finally, after years it seems of people begging for Coinbase to list XRP, they've caved. I was under the impression it was part of their plant not to, but maybe go for Stellar, yet it happened.
That does bring one clear point to the table. According to the members of the XRP army, people that I can only describe as fanatics. Once Coinbase would finally bend it's knee to the "power" of XRP, the Bank token would finally flip BTC, and take over the world. Their slogan "the new standard" becoming a reality.
As you can imagine, after such news showing up in my feed, I checked on their price and volume and found myself laughing a bit. As of me writing this, Ethereum is still above it, and even though there was a pump, it was the kind that happens on this space quite often.
It goes to show, most army members are all talk and no game. Not that I would advocate for irresponsible investing, obviously not, but what happened to the second mortgage thing, the selling of all material things once XRP was given it's rightful place on Coinbase.
Funnily enough, there are some people still holding on to the ridiculous predictions for XRP, 389 a token last I checked. I'm willing to bet a pullback from this pump will come in a day or two, and then we will go back to the usual calm waters. (For crypto of course)
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We've believed since the beginning that market cap is not the sole determinant of a cryptocurrency's performance.
Ripple has found itself a use case as does many other cryptocurrencies. The nature of decentralization guarantees that there will be no such thing as "a true standard".
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I love having you guys here with your objective and knowledgable comments on all things Crypto. Thanks :-)
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Very well said... Nothing more to add ;)
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I will imagine that this is still really not enough for them as they were only listed on Coinbase Pro and not the main retail application. Time will tell of they are moved over but not many have made it to that side yet. Definitely not the standard but any adoption is good for participants to get acquainted with alternative ecosystem.
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We need to reply to XRP army with #JPMCoin, "The Standard" lol
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Lets see when STEEM as a community's we will get this thing done .
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For now to me, i did not think there can be any crypto that is able to dethrone bitcoin for now not to talk of xrp but nobodys knows the future. Or what do you think.
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