What is the Reasons that xrp Price is low?
I think xrp have high inflation there is too many coins just...
Anyone knows are they planning to burn liminate the quantity of coins maybe?
There is this video from Chico Crypto that give reason why XRP price won't explode though the title is somehow trolls about the XRP price.
Ripple XRP Set To Explode💥 HUGE Price Swing Ahead! $XRP 589 Soon??The video breakdown :
Pinned by Chico Crypto
Chico Crypto
3 days ago
⏰ Time Stamps ⏰
00:08 Introduction
00:40 Sorry this was a troll....Ripple XRP blows!
01:06 The Early Days of Ripple-Ripple Pay & Ryan Fugger
01:48 Jed McCaleb Comes Up With The Idea For The XRP Protocol
02:34 XRP Ledger Is Created & Launched
03:24 The Initial Distribution of XRP Tokens
03:42 The Missing Blocks From The XRP Ledger-Ledger Can't Be Audited & The Ledger Has Been "Rest"
05:05 Stellar Forked XRP, and Ran Into Problems With The Ripple Consensus
05:50 The Constant XRP Sell Pressure From Jed McCaleb-6.5 Billion More XRP TO Sell!
07:06 The Ripple Team and Shareholders Dumping XRP
07:53 Ripple Just Unlocked Another 1 Billion XRP
08:13 The Centralized Aspects of XRP: Community & Development
08:55 The Centralized Aspects of XRP: Balance Freeze Function
09:28 Why Is Ripple Like This?? It Might Be A Security
09:55 XRP Worst Performing Altcoin in 2019
10:24 Outro
None of the products offered by Ripple use XRP. Ripple has 200+ partners and they all use Ripple's money transfer system but they don't use XRP. This is why no matter how many partners Ripple has, the price of XRP hardly ever goes up. Banks will not touch an unregulated cryptocurrency. When there is regulation, then you will begin to see a change in prices. Here's a link to a twitter video that explains it differently
https://twitter.com/RippleXrpie/status/1163381276184862721It is a sad thing that Ripple don't use XRP even though they got lots of fund from XRP community.