Hi all,
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
If you do want some technical overview on what it is then this would be a good read.
What is Ripple: Overview, history and XRP cryptocurrencyhttps://cointelegraph.com/learn/what-is-ripple-a-beginners-guide-for-understanding-rippleIf you are really wanting for more specially in comparison then here's one.
Bitcoin vs. Ripple Labs: What's the Difference?https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/
If we do speak about on general overview on how things do works here on crypto space then we arent that blind that
anything could be having a chance on rising up its price without knowing about its actual reason.
Come to imagine on what happened into those meme coins like DOGE,SHIB,PEPE on which its price did shoot up to the moon
even on coins which are considered on having no utility? This is why it would be normal that comes up into our mind
that everything could be pumped and it would be entirely depending on the demand which is always the keyword on here.