There is one question on all our minds, is this a bull run or a bull trap? Past bubbles can offer clues, but no one can predict the future.
Ripple (XRP) is the “cryptocurrency token” native to “the Ripple Network.” The Ripple network (also called “Ripple”) is an open source, peer-to-peer, real-time payment system (like Bitcoin’s blockchain or Ethereum’s network) that can be used to transfer both fiat currencies and the Ripple cryptocurrency XRP.
Here is a guide to cryptocurrency for beginners. We offer simple answers to questions like what is cryptocurrency, how does it work, what is Bitcoin, what is blockchain, how do I buy cryptocurrency, etc.
There is another rumor about XRP going on Coinbase. Rumor is the key word here. The last time this same exact rumor occurred XRP was pumped and dumped over it. Let’s not do that this time.
The total market cap of cryptocurrency is near an all time high, Bitcoin dominance is at an all time low, and altcoin dominance at an all time high. What can this tell us?
We explain how to invest in cryptocurrency for beginners. The first thing you need to decide is if you want to invest directly in cryptocurrency or invest indirectly (for example through a stock).
Ether (ETH) hit an all time high on January 9th due to a series of events explained below. Unfortunately, most of the rest of the market suffered a correction.
In general, when Bitcoin stagnates it gives altcoins a chance to run. The Bitcoin stagnation that started in December 2017 set the stage for an altcoin boom like few before it.
To buy Ripple you’ll either need to use an exchange that trades Ripple for dollars, or you’ll need to buy Bitcoin or Ethereum first and trade it for Ripple on an exchange that allows that.
Ripple surpassed Ether to become the #2 cryptocurrency by market cap in the last week of December reaching a market cap of more than $90 billion.
Sometimes the cryptocurrency market corrects by 25% or more. Dec. 21 – 22, was one such time. From a positive frame, crypto just went on sale for the Holidays.