I just read news in CCN, Ripple CEO told CNBC
" There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies. It's early, over time you'll see a more rational market and behaviors that reflect that "
Whats your reaction to this news ?
It is obvious that ripple has entirely different market than bitcoin has. Ripple has more investors from China and Asia while for Bitcoin, investors comprise from all over the world. So is the prices. We seen XRP jumping from $0.2 to $3 while bitcoin only rose 200% during that time. But after that XRP fell 70% while bitcoin only fell 40%. So both of 'em are arbitrary to other's movement.