Re: Ripple: Banks Unlikely to Apply Blockchain for Cross-Border Payments in Near Fut
price movement in usd value during the last 2 years:
bitcoin 9.3x
ethereum 27x
ripple 95x
Shorter term, my last XRP buy was almost a year ago, around 17c, current price is 55c, that's over 300%.
In the same period BTC went from 3.000 to 6.500, that's just over 200%.
all you need is just to zoom out a bit
Such computation can be find for the any shitcoins.bitcoin 9.3x
ethereum 27x
ripple 95x
Shorter term, my last XRP buy was almost a year ago, around 17c, current price is 55c, that's over 300%.
In the same period BTC went from 3.000 to 6.500, that's just over 200%.
all you need is just to zoom out a bit
For trade and medium-term investments, this still works. But, in fact, this asset does not look potential, and investments are not promising.
Ripple is too unstable to use for transferring funds, they will probably use tether or another type of stable coin instead. Imagine transferring 1 million in ripple and then after one week it is only worth 500,000. This is bad for business
This is one of the main reasons that it is not suitable for banking operations.