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Showing results for tags 'fundamentals'.
Alright there, I'm lurking no more. Ripple's efforts to list on exchanges that create trading pairs with previously unserviced fiat currencies is commendable - a real step in the right direction in terms of building liquidity and establishing payment rails between various different currencies. It's also clearly having the desired effect of reducing XRP's often-stochastic dependency on BTC; a drop in daily total trade volume from 85% to 63% within one quarter is a pretty spicy indication things are moving in the right direction, in my opinion! In the medium-term, I believe there will be an inevitable increase in value as banks that adopt ILP will ultimately seek to make the estimated 2 bsp (approx. 10%) extra savings associated with using the ILP's native XRP asset for global settlements (SBI's financial report today certainly appears to indicate that this is the case). Ultimately, a wider adoption of ILP will have a positive effect on the price of XRP further down the line. I see long run asset growth beyond this, however; once escrow releases are fully expended, supply levels-out, and XRP is being used more broadly as a settlement asset (resulting in a higher burn rate of XRP), the price per unit is likely to continue to inflate in the long run. Regardless of the above, cryptomarkets are likely to be highly volatile until the end of the year (certainly until the outcome of the Bitcoin hard fork is more clear, perhaps sometime mid-November), but in my opinion the recent bloodbath we've witnessed is by no means a reflection of the strong fundamentals of XRP - and as such, it's discounted value at present is a real opportunity to purchase more. Personally, I believe $0.15 will be tested, and will represent a healthy entry point for long-run investors. Might just have to treat myself... When I initially bought XRP though I had to take a pretty jaunty route in being based mostly in the UK (GBP-->EUR-->BTC-->XRP) - horrific. I'm hoping to avoid this in future, so any advice would be greatly appreciated. Are there any exchanges/platforms that provide currency pairs for either XRP/GBP or XRP/CHF? Is there another route in?
Many old-timers here have been hodling and continue to do so since a long time ago. Why? Because we could see the potential in Ripple's fundamentals from the beginning. And that potential continues to grow exponentially. There are many new comers who have taken notice recently due to the price appreciation. Some educate themselves on these fundamentals and are the new strong-hands, but there are also many price chasers who are too lazy to DYODD and grow impatient quickly, always comparing price spikes in other DLT coins. Here is something to put a contrast to that.