This is exactly the kind of out of the blue that scares me into crypto. For a price of 20 cents, I am referring to a price that is represented by this price action:
While the graph above shows the current price of 20 cents, the graph is of course from the beginning of Ripple’s success (2017) rather than its demise (roughly right now). Newer price promotions that close the circle to the 20 cent level look like this:
This, of course, hides the real flesh of the story: $ XRP lost about 97% of its value from its high in early 2018, a time when Ripple’s founder was richer on paper than Mark Zuckerberg. Just rest that Zuck has secured a rightful place for himself again.
I just wonder if in the future some government edict or act would not forbid the same effect on people like or the sky. Let’s face it, Ripple was relatively big on the alt-coin scene, and all it took was a weakened SEC press release to torpedo XRP.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media, or anyone involved with Fusion Media, assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.
Comments are closed.