We have reported in recent days and weeks about the BTC and NBB according to the Performance of the best Coins of the Top 10 crypto-currencies. Among the biggest losers, however, the Ripple rate. Because while Bitcoin could increase by a good 90 percent, had to XRP and emit almost 50 percent.Since the all-time high of $ 3.84 in January 2018, the Ripple rate fell to the current level of well-0,19 dollars, and is 95% below the ATH value. A trend reversal after such a break-in even possible?
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Ripple rate with poor Performance in 24 months
From today’s point of view, we clearly see that a lot of crypto currencies by the end of 2017 and beginning of 2018 is significantly overvalued goods. The market capitalisation of all Cryptocurrencies fraud in January 2018 good 830 billion dollars, and was thus more than four times as high as it is today. After the Bursting of this bubble and the associated Overvaluation of currencies started in many Cryptographic a correction that lasts, obviously, until today.Particularly hard-hit here, just now, the Ripple rate is since its all-time high in a permanent downward trend. The following chart, history illustrates this well:Especially hard-Angel-Investor Jason Calacanis makes the point. Calacanis knows best with young companies and Startups. He was, for example, one of the Angel investors for Uber. In view of the recent capital-raising measure of the Ripple shoots Calacanis, now sharp against the project and XRP. He says that the Ripple price has lost 95% since its Peak and it (to his opinion) is not a Use Case for XRP.
$XRP has lost 95% from the peak, there seems to be no use case for it & the company that created it just raised $200m in a C round (which is normally 10-20% ownership).Did they essentially buy a large % of the crypto by proxy? Confusing. Theories? https://t.co/Og5Mb8vORd— [email protected] (@Jason) December 20, 2019
Eric Dadoun, who is himself an Investor for start-UPS, counters the statements made by Calacanis. He tells him that XRP is the only currency that has a daily Use Case that is outside of speculation.
You might be missing some details. They have created the single largest daily use case for a digital asset outside of speculation. MoneyGram is currently the “flagship” publicly known partner of that use case. They also sell quite a bit of non-crypto services / licenses.— Eric Dadoun (@EDadoun) December 20, 2019
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How goes the journey for XRP?
No matter if XRP Enthusiast or opponent, the Performance of the last 24 months is not a good one. And so, we have now reached a point where many ask how the trip goes. It attracts the Ripple rate in even deeper trenches, or XRP, it creates the trend can be reversed?One of the most well-known Crypto-analysts and traders, Jacob Canfield, said on Twitter. For those of you that Canfield does not know: He is on the Trading View, the number 1 in terms of Bitcoin analysis and a ‘Guest Trader’ for Forbes and CNBC. His opinion of XRP is quite clear:
I cannot tell you how many friends and family members I saved from buying $XRP in 2018 and 2019.It has to be in the hundreds.My answer of when to buy has always been *maybe* $.10 to $.15, but even then I would be cautious.This has to be my proudest achievement of 2019. pic.twitter.com/RJM2osAyJb— Jacob Canfield (@Jacob Canfield) December 17, 2019
One of his greatest achievements, as Canfield, is to have friends and family discouraged, to buy XRP. In his opinion, a Ripple rate of 0.10 to 0.15 of a Dollar may be a purchase opportunity – however, caution should be exercised. A bullishes Statement looks so different.Our current Ripple rate analysis from Tuesday fueled this Sentiment. So it is not unlikely that the XRP price drops even further, and his preliminary soil at 0.15 Dollar finds. This would be for risk-tolerant investors and those who believe in the future of XRP, probably a good buying opportunity.75 % of private CFD accounts lose money. No EU investor protection.How do you see the Performance of the Ripple rate in the past? – Do you believe in XRP as an Investment?Come on in to our Telegram Chat and talk with the experts and the Community!
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