Ripple price prediction: there is a silver lining
The media is somewhat negative about XRP and its activities. One issue for investors is the impact of ‘whales’--and their selloff. As a reminder, 'whales' are investors who control a large number of XRP--and the fact they have been selling Ripple causes a concern to retail investors.
A few days ago, Ripple released somewhat disappointing figures for Q2'18. Ripple holds a vast amount of the total supply of XRP in an escrow account that will not be fully paid out for the next several years. Q2 saw a sharp decline in Ripple-initiated XRP sales compared to Q1: sales were down 56%, dropping from $168 million worth of XRP sold in the first three months of the year to $74 million sold in the second three months.
Another question investors ask is if Ripple (XRP) is declared a security, will it survive? Our prediction is that Ripple will not be treated a security. The company has been working with different regulatory bodies right from the start, emphasizing that Ripple and XRP are not alike. Even if Ripple Co. ceases to exist, XRP will still remain.
New market entrants have adopted XRP despite slow sales last quarter. One of those entrants is a company called Coil, led by Stefan Thomas, which helps with organizing media buys. Many large financial services players have announced they have plans to incorporate Ripple (e.g., Goldman Sachs has started implementing it).
finstead.com/bite/ripple-XRP-price-analysis-prediction-july-27-2018
A few days ago, Ripple released somewhat disappointing figures for Q2'18. Ripple holds a vast amount of the total supply of XRP in an escrow account that will not be fully paid out for the next several years. Q2 saw a sharp decline in Ripple-initiated XRP sales compared to Q1: sales were down 56%, dropping from $168 million worth of XRP sold in the first three months of the year to $74 million sold in the second three months.
Another question investors ask is if Ripple (XRP) is declared a security, will it survive? Our prediction is that Ripple will not be treated a security. The company has been working with different regulatory bodies right from the start, emphasizing that Ripple and XRP are not alike. Even if Ripple Co. ceases to exist, XRP will still remain.
New market entrants have adopted XRP despite slow sales last quarter. One of those entrants is a company called Coil, led by Stefan Thomas, which helps with organizing media buys. Many large financial services players have announced they have plans to incorporate Ripple (e.g., Goldman Sachs has started implementing it).
finstead.com/bite/ripple-XRP-price-analysis-prediction-july-27-2018
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.