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Zerpening Part 2: The Sequel

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2 minutes ago, ElChupaThingy78 said:

Thats like ordering a cake and expecting it to be Pepper Crusted Steak when it gets to your table

nah , its like giving money to your hot girlfriend to find you an old ugly hooker

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This is according to CCN the most possible reason for the current rise:

However, given that volume is so heavily concentrated in South Korea, it may be linked to a recent report that Woori Bank — one of Korea’s “big five” financial institutions — had completed the second phase of an overseas remittance trial using Ripple’s enterprise blockchain.

While such enterprise blockchain trials do not involve the XRP token, many investors believe that banks, money transfer services, and other financial institutions will adopt XRP-integrated products in the future, once they have become comfortable with blockchain-based systems.

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Come on America. You’re supposed to pump, not dump.

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Coinbase was founded in July 2011 by Brian Armstrong and Fred Ehrsam.[3] It enrolled in the Summer 2012 Y Combinator startup incubatorprogram. In October 2012, the company launched the services to buy and sell bitcoin through bank transfers.[4] In May 2013, the company received a US$5 million Series A investment led by Fred Wilsonfrom the venture capital firm Union Square Ventures.[5] In December 2013, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures(USV) and Ribbit Capital.[6]

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1 minute ago, RegalChicken said:

Coinbase was founded in July 2011 by Brian Armstrong and Fred Ehrsam.[3] It enrolled in the Summer 2012 Y Combinator startup incubatorprogram. In October 2012, the company launched the services to buy and sell bitcoin through bank transfers.[4] In May 2013, the company received a US$5 million Series A investment led by Fred Wilsonfrom the venture capital firm Union Square Ventures.[5] In December 2013, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures(USV) and Ribbit Capital.[6]

https://ripple.com/ripple_press/ripple-raises-55-million-series-b-funding/

The financing includes participation from new investors including Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings. Additional investors participating in the round include Santander Innoventures, the venture arms of CME Group and Seagate Technology, and Venture 51. The addition of notable strategic investors in this round, especially banks who are backing Ripple following hands-on experience with its solutions, provides the company with new counsel and expertise to better serve its growing customer base around the world.

 

Existing Ripple investors include GV (Google Ventures), Andreessen Horowitz, IDG Capital Partners, and Jerry Yang’s AME Cloud Ventures. Ripple has received a total of over $93 million in funding.

Edited by RegalChicken

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Just now, HodlOnASec said:

Come on America. You’re supposed to pump, not dump.

don't worry man , just sip your beer and enjoy the ride as long as we are above $1

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So when we take into account current prices, market cap, influx of money, parabolic climbs, the past vs the present, does anyone have any idea what it would take to see the same type of bull run we have seen in the past (1000%)??

Last March for instance I believe the xrp bull run was like 1600%?

There was only around 250,000 wallets vs today's 1million+

And all of crypto was only worth like $30 billion vs today's $470 billion. 

Now a run up to $.40 isnt much compared to a run up to $10

But what would it really require to see a 1000% run today? Are the right cogs in place to facilitate that? 

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I'd think no, things are not in place for 1000% gains. The reason primarily being the low number of exchanges offering fiat to XRP pairings. Those that do offer it are still backed up and otherwise people are still waiting for it to be listed on other exchanges. Bottleneck is still the issue.

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1 minute ago, RegalChicken said:

So when we take into account current prices, market cap, influx of money, parabolic climbs, the past vs the present, does anyone have any idea what it would take to see the same type of bull run we have seen in the past (1000%)??

Last March for instance I believe the xrp bull run was like 1600%?

There was only around 250,000 wallets vs today's 1million+

And all of crypto was only worth like $30 billion vs today's $470 billion. 

Now a run up to $.40 isnt much compared to a run up to $10

But what would it really require to see a 1000% run today? Are the right cogs in place to facilitate that? 

@RegalChicken, I think the necessary upward pressure can be reached for that to happen if and when some events happen within a close timeframe, like coinbase and more actual XRP usage by some high profiles. But....... the only factor I can not really grasp in this is the role of the downplayers. So if some major stake holders (XRP holders) start selling a long the rising line, this in my opinion can rune the whole thing. Just my 0.00002 zerps though....  

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