Cryptocurrency Collectors Club
Ripple is Rising!
POSTED BY JAMES CLAYTON ON NOVEMBER 28, 2014
Ripple (XRP) has been doing quite well lately, trending up instead of down, like so many others lately. My first impression was that it was just a pump, and certainly it might drop at any time, but then again, it might not. Ripple has had a lot of good news coming out lately, with some banks in Europe and America starting to use their protocol, new updates likely on the way as well. So some potential is starting to be realized in the real world, and certainly it is an easier stepping stone for banks than jumping right into Bitcoin.
After looking into it more, it also appears Ripple will not be doing OTC sales for the foreseeable future, at least according to some poster from Singapore that appears to be connected to Ripple. In theory this could create some limitations on the supply of XRP going out from Ripple Labs, and perhaps more demand in the marketplace. More demand, trending up, these are things us crypto speculators certainly like!
With the strong upward trend, the good news, and competition between Stellar (Ripple clone) and Ripple, that is enough for me to buy a little and see what happens. At least for now things are looking up for Ripple, and they have a really great brand, first mover advantage, and perhaps would be perfect in the future for trading countless cryptos and fiat currencies around the world.
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