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January 08, 2019, 08:01:11 PM |
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Ripple has been one of the most consistent coins during this bear run. It has managed to gain the top 2 position multiple times from ethereum and that is really shocking. Considering ethereum has been doing PoS changes, ICO is done with them, blockchain used in companies, dapps made on them and many many more utilities, it is a wonder ripple could be so successful by just being the coin representing the blockchain of the Ripple company.
Coin is not even remotely relevant to the company but somehow it managed to become big itself for no reason at all, there was nothing new or nothing impressive to make the coin higher than just the followers and supporters showing their love for the coin itself. Crypto currencies all have value because we give it a value and XRP has shown people give it a good value.
Bull trap or not, this was just another way of people showing their love, maybe its not that great right now but it will always keep having great value apparently, thats why I think it wasn't just "bull trap" but it was more like "show of love" from the supporters.
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