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XRP Octobers Biggest Performer so Far, Breaks New Ledger Records
Great article explaining why Ripple is succeeding with adoption and keeping the XRP price temporarily suppressed. “Ripple has in their contracts with every single partner, the 200-plus partners which includes all the preferred exchanges and institutions, that they are required to acquire XRP via OTC”, the Podcaster continued. “They are not allowed to make purchases on the open market and the purpose of this is to temporarily keep the price of XRP suppressed.” “The YouTube podcaster added that he was informed that the contractual term isn’t going to be long-term, it would be lifted later and we will see the floodgates open.” “The goal today is broad distribution of XRP and a low price helps for that but we are getting ready to switch over as we see xRapid growing to actually send in payments, major payments through this system, and XRP price would ramp up”, the podcaster extended. “We’re going get more payments running through Xrapid and thus a higher and higher price.” Source: https://todaysgazette.com/ripples-contractual-term-with-over-200-partners-behind-xrp-low-price-here-is-why/
https://www.ccn.com/bitcoin-investment-trust-creator-launches-four-new-crypto-funds/ “Grayscale Investments, the company behind the Bitcoin Investment Trust (OTC: GBTC), announced Tuesday that it had opened four new investment products that provide investors with exposure to cryptocurrencies in a more familiar wrapper.... The new funds — the Ethereum Investment Trust, Ripple Investment Trust, Bitcoin Cash Investment Trust, and Litecoin Investment Trust — will each hold positions in a single cryptocurrency.”
It's bad news week for crypto evidently, and I break down the Chinese announcements and just what it means for XRP. This is my latest blog entry. Even though XRP has fared better than others, the market reaction to the Chinese announcements have still taken their toll. I discuss how it's not the end of the world, and I expect the market to rebound... probably soon ™ Hope you enjoy the read, and let me know any feedback below. Also feel free to share on any other media! My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread