Wasn't it a big deal when XRP reached $1 a while ago? Or was I remembering incorrectly?
I am pretty sure that $1 is Dogecoin's psychological resistance level, so if all this uptrend is happening as a result of Gary Gensler's ousting, then... wow.
Well anyway I can see that as these reserve bills begin to take shape, various alts will go up even more.
I am pretty sure that $1 is Dogecoin's psychological resistance level, so if all this uptrend is happening as a result of Gary Gensler's ousting, then... wow.
Well anyway I can see that as these reserve bills begin to take shape, various alts will go up even more.
Again, XRP is full of hype. It was expected prices would go up after Gary Gensler's resignation. But that doesn't mean, the coin is worth the investment. You have to consider what real use cases XRP has compared to the rest of the pack. And so far, it has none. Yes, Ripple now has its own stablecoin. But is it as good as Tether or USD Coin? I doubt it. These two stablecoins alone dominate the market by a large margin.
Without merchants and/or businesses accepting RLUSD as payment method, the coin becomes nothing but a speculative investment. Same as XRP. When banks ditch SWIFT in favor of the XRP Ledger, that'll be the day XRP's future will be certain. Otherwise, it'll lose traction faster than you could imagine. Why do you think BTC, and ETH are still at the top?
I agree with you that this Ripple is only full of hype, however, hype is not the argument. The argument is if XRP is doomed and it appears that you are very much mistaken on this because it is not doomed and it might not be doomed under the administration of the Donald. This might pump and the promise of Ripple that this will be used by banks might be an unexpected occurrence.
This is okay. I have made wrong predictions in the forum also. The most important is to admit if we have made a mistake and learn from this. My biggest wrong prediction was the big short because Tether might collapse. I have admitted this mistake already.