[XRP] Ripple Speculation

[target]

Now this is something odd

https://dailyhodl.com/2019/10/04/revealed-binance-launching-new-crypto-asset-pegged-to-xrp/

Errm, let me quote the following,
"The new token is designed to give users on Binance’s decentralized crypto exchange, Binance DEX, a way to invest in a crypto asset that will perform exactly the way XRP does."
So I ask... why de hell would you create a digital asset which is backed 1:1 by another digital asset and not just use XRP directly? I mean, I don't complain if this will increase XRP's locked amount, but it juts doesn't make any sense!
I would understand it if it'd be 1:1 with a slow-moving and expensive coin like BTC, but I don't understand why would they do this with XRP.

Still happy nonetheless!

It's just because the Dex of Binance is using the BEP2 blockchain, that is to say the Binance blockchain. They need to convert other cryptos in BEP2 tokens in order to manage them in their Dex.

I don't get why they can't just use XRP directly, will it help making XRP stable?

But it may just be good if it will work exactly like XRP in terms of trading fees and volume because this will create more volume in the DEX, its what they aim for. This will build up trading volume in the DEX and less fees for traders.

[RivAngE]

Now this is something odd

https://dailyhodl.com/2019/10/04/revealed-binance-launching-new-crypto-asset-pegged-to-xrp/

Errm, let me quote the following,
"The new token is designed to give users on Binance’s decentralized crypto exchange, Binance DEX, a way to invest in a crypto asset that will perform exactly the way XRP does."
So I ask... why de hell would you create a digital asset which is backed 1:1 by another digital asset and not just use XRP directly? I mean, I don't complain if this will increase XRP's locked amount, but it juts doesn't make any sense!
I would understand it if it'd be 1:1 with a slow-moving and expensive coin like BTC, but I don't understand why would they do this with XRP.

Still happy nonetheless!

It's just because the Dex of Binance is using the BEP2 blockchain, that is to say the Binance blockchain. They need to convert other cryptos in BEP2 tokens in order to manage them in their Dex.

I don't get why they can't just use XRP directly, will it help making XRP stable?

But it may just be good if it will work exactly like XRP in terms of trading fees and volume because this will create more volume in the DEX, its what they aim for. This will build up trading volume in the DEX and less fees for traders.

If they have a DEX blockchain on top of which the transactions are recorded, I can see why they can't use XRP directly.
1) It'd take a lot of transactions which would be on multiple addresses, sacrificing 20 XRP on every new address.
2) It'd cost them transactions fees, even though minimal it'd add up. By using their own chain they have 0 fees.
3) If they already had a system built on their blockchain, it'd be costly and time-consuming to change everything to work with XRP and one of Ripple's products.

[mich]

Ripple Price (XRP) Could Extend Correction Before Fresh Rise

Ripple price is currently correcting gains against the US Dollar and bitcoin. XRP price might test the $0.2700 support or $0.2650 before it could rise again.

https://www.newsbtc.com/2019/10/09/ripple-price-xrp-could-extend-correction-before-fresh-rise/

[JollyGood]

Ripple Price (XRP) Could Extend Correction Before Fresh Rise

Ripple price is currently correcting gains against the US Dollar and bitcoin. XRP price might test the $0.2700 support or $0.2650 before it could rise again.

https://www.newsbtc.com/2019/10/09/ripple-price-xrp-could-extend-correction-before-fresh-rise/

This is great news about corrections. XRP currently trading at: $0.278057    

I have no idea if the rises will continue at a small pace or if they will jump before finding stability but I was hoping for a long time that it would some sort of stable price well above the $0.30 mark. All crypto prices have been affected with Bitcoin still around $2000 down from the price less than a month ago so with that in mind XRP is still doing well.

[RivAngE]

Ripple Price (XRP) Could Extend Correction Before Fresh Rise

Ripple price is currently correcting gains against the US Dollar and bitcoin. XRP price might test the $0.2700 support or $0.2650 before it could rise again.

https://www.newsbtc.com/2019/10/09/ripple-price-xrp-could-extend-correction-before-fresh-rise/

This is great news about corrections. XRP currently trading at: $0.278057    

I have no idea if the rises will continue at a small pace or if they will jump before finding stability but I was hoping for a long time that it would some sort of stable price well above the $0.30 mark. All crypto prices have been affected with Bitcoin still around $2000 down from the price less than a month ago so with that in mind XRP is still doing well.

Actually, it did worse than other coins 2 months ago so I'm not that impressed with the current price action.
I don't complain though, I added more on my small bags amd they're slowly growing in large bal-I mean, bags!

[Hodor7777]

  Raising XRP's Profile

Blog Location:    https://coil.com/p/Hodor/Raising-XRP-s-Profile/KfQ8e6ZW3 

Brad Garlinghouse continues the media storm for Ripple, making 𝘁𝗵𝗿𝗲𝗲 𝗺𝗲𝗱𝗶𝗮 𝗮𝗽𝗽𝗲𝗮𝗿𝗮𝗻𝗰𝗲𝘀 𝗶𝗻 𝗳𝗶𝘃𝗲 𝗱𝗮𝘆𝘀: I break down the important points for you in my latest blog, with links to the source interviews!

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:    https://twitter.com/Hodor/status/1182402325782171654?s=20   

[Saint-loup]

This is great news about corrections. XRP currently trading at: $0.278057    

I have no idea if the rises will continue at a small pace or if they will jump before finding stability but I was hoping for a long time that it would some sort of stable price well above the $0.30 mark. All crypto prices have been affected with Bitcoin still around $2000 down from the price less than a month ago so with that in mind XRP is still doing well.

And what about btc? XRP is listed in most exchanges against btc and not against USD, so people have to trade its value in btc and not in USD. They need levels in btc(satoshis), not in USD.

[Zemomtum]

The way XRP is going now, it can get up to 0.4$ in the next few weeks. A lot of good news and partnership which is very good for any project in crypto space

[JollyGood]

This is great news about corrections. XRP currently trading at: $0.278057    

I have no idea if the rises will continue at a small pace or if they will jump before finding stability but I was hoping for a long time that it would some sort of stable price well above the $0.30 mark. All crypto prices have been affected with Bitcoin still around $2000 down from the price less than a month ago so with that in mind XRP is still doing well.

Actually, it did worse than other coins 2 months ago so I'm not that impressed with the current price action.
I don't complain though, I added more on my small bags amd they're slowly growing in large bal-I mean, bags!

Keep adding to your small bag and keep increasing it if it seems a viable investment to you. I am not going to sell up just yet because XRP really has a big future ahead of it and investors will hopefully benefit from it.

[mich]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

[Shasha80]

Ripple (XRP) has a good future, because XRP is a cryptocurrency supported by dozens of banks in the world. Including
Standard Chartered Bank, Banco Santander and National Australia Bank, for the foreseeable future means of payment through
the banking channel. XRP has price stability compared to other cryptocurrency, so choose XRP for investment is a good decision.
XRP is also very potential, when it was created more than bitcoin around 100 billion XRP which makes it very fast in transactions
and cheaper. So don't ever hesitate to trade or invest in XRP.

[JollyGood]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

[Branko]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

No

What do you mean "used on Ripple"? Ripple is a company, RippleNet is where transfers of XRP happen...if worker from USA is sending money
to family in Mexico through Moneygram, it utilizes RippleNet, but Ripple as a company has nothing with it

[mich]

Blockchain Firm Ripple Fuses xRapid, xVia and xCurrent into RippleNet

Ripple, the blockchain firm behind crypto asset XRP, fused three of its services into features of its RippleNet offering.
https://cointelegraph.com/news/blockchain-firm-ripple-fused-xrapid-xvia-and-xcurrent-into-ripplenet

[vsyc]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

No

What do you mean "used on Ripple"? Ripple is a company, RippleNet is where transfers of XRP happen...if worker from USA is sending money
to family in Mexico through Moneygram, it utilizes RippleNet, but Ripple as a company has nothing with it

Ripple as a company:
- Controls GitHub of XRPL
- Maintains XRPL and introduces features
- Maintains stable infrastructure to run XRPL reliably
- Maintains default UNL that most validators blindly trust
- has RippleNet that runs on all of the above uses XRP on demand
- Possess most of XRP that either belongs to Ripple, to entities that have contracts with Ripple, where Ripple is acting as VC, or as donator, or as wrv by giving XRP to support venture.

Its naive to say that Ripple has nothing to do with XRP.

[Branko]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

No

What do you mean "used on Ripple"? Ripple is a company, RippleNet is where transfers of XRP happen...if worker from USA is sending money
to family in Mexico through Moneygram, it utilizes RippleNet, but Ripple as a company has nothing with it

Ripple as a company:
- Controls GitHub of XRPL
- Maintains XRPL and introduces features
- Maintains stable infrastructure to run XRPL reliably
- Maintains default UNL that most validators blindly trust
- has RippleNet that runs on all of the above uses XRP on demand
- Possess most of XRP that either belongs to Ripple, to entities that have contracts with Ripple, where Ripple is acting as VC, or as donator, or as wrv by giving XRP to support venture.

Its naive to say that Ripple has nothing to do with XRP.

You should carefully read whole discussion once again 

[mich]

Coinfield to open up 30,000 stocks for crypto trading on Ripple's XRPL

The exchange’s groundbreaking plans merge traditional financial markets and stablecoins, says its CEO Bob Ras.
https://decrypt.co/10353/coinfield-sologenic-stocks-crypto-trading-xrpl-ripple

[Branko]

Coinfield to open up 30,000 stocks for crypto trading on Ripple's XRPL

The exchange’s groundbreaking plans merge traditional financial markets and stablecoins, says its CEO Bob Ras.
https://decrypt.co/10353/coinfield-sologenic-stocks-crypto-trading-xrpl-ripple

If they launch, that would be groundbreaking...and probably fill my $8 per XRP sell order 

[leea-1334]

In reference to above discussions, from a newcomer point of view, and this was me 2 years ago.

Ripple has nothing to do with XRP = false or rather,,, inaccurate.

Ripple success has nothing to do with XRP price = slightly true but if Ripple does very very well, exposure to XRP is good so price has positive effect.

Ripple does not affect XRP price = yet to be determined.

[familiaverde]

In reference to above discussions, from a newcomer point of view, and this was me 2 years ago.

Ripple has nothing to do with XRP = false or rather,,, inaccurate.
Ripple success has nothing to do with XRP price = slightly true but if Ripple does very very well, exposure to XRP is good so price has positive effect.
Ripple does not affect XRP price = yet to be determined.

Although XRP has minimum utility in operations of Ripple Foundation but still brand name shapes the price and market of XRP, we can't deny that Ripple has no effect on XRP's price. Whenever any positive new come from Ripple Foundation, it surely act as price pumping for XRP.