Ripple has been consistently falling since the last few months. Currently as well, in this particular week, it is down by around 8%. Many of the ripple investors are actually worried whether it will continue to fall or whether it will hold its levels currently.
Why is ripple falling?
Ripple is currently trading around $ .57. The main reason why Ripple is falling is because of the increased scrutiny by governments all over the world. This is also resulting in investors not investing in any of the cryptocurrencies. Moreover, SEC is also trying to build newer and newer rules for cryptocurrency exchanges. This is another reason why the volume is expected to fall further. Not only that most of the other cryptocurrencies are consistently falling. As a result, investors are worried that the investments in cryptocurrencies will decrease significantly. If that happens, momentum will be lost as well.
On the fundamental side, Ripple is gaining more and more traction. It is able to attract more and more customers as well. This is the reason why it is able to expand pretty rapidly. However, at the same point in time, the downturn in the cryptocurrency market is affecting ripple price as well. Even though the use of ripple protocol is increasing but the price of the cryptocurrency is consistently decreasing.
The fundamental potential of the ripple protocol is pretty huge. With the help of Ripple, you will be able to send money anywhere around the world almost instantly. You will not have to worry about any kind of fees. This is one of the main reasons why Ripple has garnered so many different clients all over the world. The problem is that with the increased regulation, there will also be regulations on the protocol which Ripple uses. If indeed, it is subjected to various financial rules and regulations for transfer of money, it will significantly slow down the platform. This is the reason why many investors are actually worried about the Ripple protocol.
At the same point in time, the companies which are currently using ripple think that it is very valuable as money can be transferred anywhere around the world within seconds. It remains to be seen what is the regulatory framework which is brought out by most of the countries. For now, however, it seems like most of the investors are staying away from ripple owing to the regulatory concerns. Only once the regulatory framework is clear, it will be easier for the investors to decide whether they want to invest in ripple or not.
Posted from my blog with SteemPress : https://smartereum.com/6449/ripple-price-today-why-ripple-is-falling/
Congratulations @smartereum! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit