Ripple has gained more than 49,500 percent over the last 12 months, and more than 160 percent over the last week.
Ripple, the world's second-largest cryptocurrency by value, hit a record high on Wednesday as its strong rally continues.
The digital coin jumped 29 percent to an all-time high of USD 3.20 in afternoon trading, according to CoinMarketCap. Ripple, or XRP, now has a market capitalisation of USD 122.7 billion and remains solidly in second place to bitcoin, which has a market value of about USD 251 billion, the website showed.
The website showed ripple has gained more than 49,500 percent over the last 12 months, and more than 160 percent over the last week.
Congrats on your large gains. I hope you'll take a look over the cryptocurrency field and consider converting those gains to something else.
In brief, one of the major problems with Ripple is that since it is an instrument intended for banks and centrally controlled, it comes with the likelihood that at some point its users will be forced to comply with various national and international "Know Your Customer" laws and be subject to having their balances frozen or confiscated at the whim of the their oligopoly bank.
Ripple seems to have been envisioned more as a banking industry "international settlement layer" of sorts rather than as a common-use cryptocurrency. It may be very good at the former, but as the latter it seems kind of risky to me.
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Youre probably right! Still, I have almost nothing to lose (I invested less than 100 euros) so ill wait a littlebit :)
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