Ripple price chart history analysis
Ripple(XRP), an Internet finance protocol launched by RippleLabs in 2013. This financial agreement is mainly used to achieve rapid and low-cost conversion between global currencies. Ripple is the liquidity of the Ripple system, mainly used as an intermediate in currency exchange.
From the Ripple price chart history, the current market value of Ripco is the third-ranked cryptocurrency. The market price on January 2, 2017 is US$0.00679, and in December 2017 it is US$2.33, which is more than 300 times a year. It can be said that it is a good eye. As of May 11, 2018, the market value of Ripco was ranked third, with approximately US$29.8 billion, and the current total circulation was approximately 39.1 billion.
The current mainstream of the three major cryptocurrencies, bitcoin is increasingly toward value storage tools, Ethereum specializes in smart contracts, and Ripple is responsible for providing vertical solutions to payment problems. Ripple has a bright and original origin. It has no mystery. There is no risk of sucking money like Bitcoin. There is no relationship with criminal groups or terrorist organizations. There is no cross-border, off-site and cross-border payment. The transaction can be in a few seconds. Completed within, the transaction cost is almost zero, it is the world's first open payment network.
Thus, in a sense, the price of Ripple has unlimited potential. Earlier, Ripple News Tech reported. the company's executives and board members had previously reported $2 billion in investment in Ripple on the Ripple price chart history. Google and other well-known companies invest: Google invests $1 billion, Ford invests $200 million, and IBM provides hardware support. Google’s investment vision is still very unique. In addition, Ripple is one of the few cryptocurrencies that are actually used. Ripple's settlement technology has been tested by many banks in the world, and more than has been put into use, which is too expensive compared to many cryptocurrencies with only white papers It is.
Yesterday, Ripple was not alone in the tide of cryptocurrency slump, with a drop of about 15%. The current price is $0.67. If you want to hold it for a long time, it is actually a practical application worthy of starting. Analyze its strengths and potentials with a considerable attitude, but this is not an investment recommendation.