A reason I believe the Ripple XRP is still very cheap

in ripple •  7 years ago 

At the moment I write this post, 1 XRP ~ 0.7 USD.
The reason I believe it is still very cheap is that more and more Banks/Institutions are joining Ripple Networks.
In fund transfer, to guarantee the liquidity each Institution needs to reserve some amount of coins (XRP). Those coins can be considered as 'lockout' from daily trading.

The more Institutions to join the network, the demand for XRP coin-reserve will getting higher. This drives the price rocketting.

Just my 5 cent of thoughts.
Thanks for just reading to this line :)

ripple xrp cheap rocket
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Now, 1 XRP = 1 USD.
    But it's still very cheap :)

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00