XRP Archives - 2100NEWS

Luka KovičMarch 15, 2018

4min1464

The cryptocurrency world found itself in turmoil in start of 2018. We saw the peak of some currencies in
late 2017, the same year brought ICO frenzy, incredible Bitcoin price shifts and immense growth of
Ripple (XRP).

The start of 2018 didn’t bring investors to ‘promised land’, on contrary, the bans, regulations and even
several exchange hack attempts contributed to severe cryptocurrency price drops. Ripple was one of the
ground breaking currencies in 2017, which shot up in price by more than 1000% in the month of
December.


The price of XRP reached its all time high on January 4th with the price of 3.29 USD, then dropping hard
and is now trading around $0.69. XRP could easily be set for another ‘boom’ according to their CEO Brad
Garlinghouse: “We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with
companies that are looking to use XRP in lots of different ways.”

New use cases for Ripple?

They’re also looking for investment in startups that could develop new uses for Ripple, which could
potentially push crypto values up. The announcement follows the emergence of an XRP payment app
that will allow transactions to take place faster. The software is being developed in partnership with 61
Japanese banks to improve crypto trader experiences in the region.

Takashi Okita, the CEO of SBI Ripple Asia, the firm helping to form a joint venture between Ripple and
the SBI group, declared that the app will allow for payments that are “faster, safer and more efficient”.

xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border
payments with end-to- end tracking. Banks message each other in real-time to confirm payment details
prior to initiating the transaction and to confirm delivery once it settles.

Fast transaction times and low fees could make XRP more appealing than other cryptocurrencies on the
market. Unlike the highest-valued virtual currency, Ripple is not limited to 21 million coins, instead 100
billion XRP are able to exist, making it greater in supply than Bitcoin by 4700 times. That could mean it
will offer lower volatility long-term, as the price will most probably continue to rise. But when those
prices stabilize, the large coin supply of Ripple will lead to lower volatility.

For now, Ripple has created something that few other cryptocurrencies have managed to this point; a
currency that pre-existing businesses are not only willing to use, but will benefit from doing so. Amazon
and Everything Store are one of the giant costumers to take this step in 2018, as they would like a virtual
currency, that offers fast transaction times without crippling fees.


Gabrijel ŠerjakMarch 5, 2018

2min1429

The XRP price is surging once again. Thanks to solid gains over the past few hours, the XRP price surpassed $1. Most of this excitement is fueled by speculation and hype.
Ripple price is gaining momentum quite nicely as of right now. Its 16,66% gain over the past 24 hours is quite bullish according to Coinmarketcap. As is usually the case in this industry, the current price jump is primarily fueled by hype, speculation, and expectations.
This time around there is a rumour that Ripple’s asset will be added to the Coinbase exchange. It is not the first time such rumours surface. Last time around, the information was completely bogus, eventually triggering a massive market sell-off in the process. There is a big chance that history will repeat itself.
There is no indication, that Coinbase will list XRP anytime soon. The company has made no official announcements as of right now. That doesn’t mean the digital asset will never find its way to this exchange in the future. For now, however, the company doesn’t show interest in dealing with XRP.

Why I think Ripple is not worth more than a US dollar

A stab at a valuation for Ripple.:
There is $180 trillion worth of cross-border payments made every year, with a combined cost of more than $1.7 trillion a year. If XRP can capture 30% of the market (1.7 trillion * 0.3), assuming it can reduce cost by 30% (1.7T *0.3 *0.3) then assuming XRP can provide such value until another better coin comes along, say in 5 years time. (1.7T* 0.3*0.3*5) which give it an assumed market cap of 0.765Trillion of cost savings. 0.765Trillion/100billion coins = $7.65USD per coin. This is a very optimistic assumption already; almost border on the insane.
Realistically I think it should be 1.7T*0.10*0.3*2 = 0.102Trillion/100billion coins =$1.02 per coin.


Gabrijel ŠerjakJanuary 5, 2018

7min521

Early innovators and investors, saw the technology behind Bitcoin as a global evolution of how we manage our wealth and conduct business, in the day to day lives. This technology called blockchain is greater than invention of the centralized internet because it is decentralized. Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure) but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)

Three main reasons for Decentralization by Vitalik Buterin founder of Ethereum

  • Fault tolerance— decentralized systems are less likely to fail accidentally because they rely on many separate components that are not likely.
  • Attack resistance— decentralized systems are more expensive to attack and destroy or manipulate because they lack sensitive central points that can be attacked at much lower cost than the economic size of the surrounding system.
  • Collusion resistance — it is much harder for participants in decentralized systems to collude to act in ways that benefit them at the expense of other participants, whereas the leadership of corporations and governments collude in ways that benefit themselves but harm less well-coordinated citizens, customers, employees and the general public all the time.

Crypto community was all about immutability, public ledgers, anonymity, bypassing third parties and banks; in order to re-distribute the global wealth and regain financial freedom and independence for all of humanity.
If everyone becomes his or her own bank without any intermediary parties having control/power over your monetary assets, this is real freedom. At least in a monetary sense.

The biggest scam in human history: Debt-based Fiat currency, was threatened by the smartest ”geeks” on the planet.  When I say scam I mean Since Nixon took the Dollar off the gold standard, it is worth noting; more than a value of the paper it is printed on; same goes for other FIAT based currencies.

 

And Cryptocurrencies like Bitcoin fought against, this monetary system, and then came human greed. All those flashy ”lambos” earning quick bucks cliche millionaire dreams and the ”banksters” took advantage of that.

Do you know who owns the most Ripple in the world? Who is selling it? I think you realized the answer by now, but just for sure, I’ll answer the question. Banks.

What are we witnessing is reversing the massive wealth transfer, The banks know that they cant stop BTC and ETH, so they changed the tactics, they started to accumulate as much BTC and ETH as possible and they don’t want to pay the full price of course. So their plan was to develop XRP, Hold most of it … Artificially manipulate the price by bidding it up, $2 -$3 … And when the greedy bastards washed by sheepherders think it will keep going up $4,$5,$6,$7… they are trading precious limited decentralized Ethereum and Bitcoin for a SHITCOIN that was printed on a demand…

In the end, banks will win. Because of human greed, they are the gready bastard too, don’t get me wrong but they know how to control the masses and miss lead them. They are doing this for more than a 2000 years. They will end up holding most Ethereum and Bitcoin and you will end up holding a SHITCOIN. And then BTC and ETH will head up to 1M and $500k per coin, and you will end up holding Ripple, basically worth nothing…

XRP is an electronic token, created and backed by a single company:
Ripple Labs Inc. – a global money transaction business.

It should be noted that there is a distinct difference between digital currencies like Bitcoin and Ripple’s XRP tokens. While Bitcoin is an actual cryptocurrency and store of value, XRP tokens are essentially backed by traditional (Fiat) currencies. As if they’re dollars or yet or another form. XRP is not intended to be money in the first place, it is a medium of exchange to transact value. It can be seen as a giftcard or token that can be sent in seconds & redeemed for fiat money.

When Ripple Labs Inc started XRP in 2012 they “created” 100 billion tokens out of thin air. Of the 100 billion created, 20 billion XRP were retained by the creators, who were also the founders of Ripple Labs. The creators gave the remaining 80% of the total to Ripple Labs; which intended to redistribute remaining tokens to ecosystem supporters like banks.

However Ripple Labs today owns the vast majority of XRP (over 60% of the supply). It is their sole decision to cash in on the value; or completely devaluate the market by flooding it with cheap XRP.

Fun fact!

 


Luka GlogoskiJanuary 4, 2018

2min636

Ripple continues to defy odds as it blasts past $3 and now has a market cap of over half that of bitcoin.

At the time of writing this article, the value of each one of 38,739,144,847 premined XRPs is $3.75, giving it a market cap of $145,104,440,071. This places it firmly in the 2nd spot and represents 58% of bitcoin’s $247,478,673,775 market cap.

ripple

Ripple recently raised eyebrows just last week, when it took over the No.2 spot from Ethereum and shot past $2 per XRP.

It has returned over 57,000% to its investors in the past 12 months, going from $0.006561 to $3.75.

Due to its premined and centralised nature and association with traditional banks, Ripple has been one of the most controversial cryptocurrencies.

This has made it very unpopular with hard core bitcoin fans, who strongly believe in decentralisation and disrupting the traditional banking system.

Despite the negative sentiment among the crypto community, the company behind Ripple has been striking some big partnerships recently and was even added to Bloomberg’s price terminal in December, which has reflected very favorably in its valuation.

The recent turbulent trading environment in South Korea has also led to panic buying. It most likely contributed significantly to Ripple meteoric rise.



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