Bitcoin kan gebruikt worden als valuta. XRP is een token die de fee van een transactie opvangt. Dat maakt de huidige waarde echt veel te hoog.
Contrary to popular belief, XRP currency is different than the Ripple protocol. XRP is a token or a native currency that works under Ripple Transaction Protocol. XRP protects the Ripple network from DDOS attacks, and prevents spam.
Why Did XRP Skyrocketed?
To summarize:
1. Majority of people do not understand that Ripple payment protocol and XRP are different. When a private investor invests in Ripple company, people assume that the valuation of XRP should also increase. However, XRP token's valuation and Ripple company's financial situation are irrelevant.
2. Due to the fact that there are 100 billion XRPs created, the XRP price is low compared to other cryptocurrencies. As a result, new people who invest in cryptocurrencies ignore the market cap, and they think that XRP is very cheap and should go way higher.
3. As Ripple company holds 62% percent of all XRPs, the amount of XRPs in circulation is significantly low.
4. Since XRP price increased to unexpected levels, those who shorted XRP got liquidated and had to buy back from higher prices. These short squeezes caused the price move even higher.
5. With the price increase, the volume also increased to astronomical levels. Some prominent exchange sites in different countries (such as Coinone from South Korea) began to list XRP.
[
Voor 61% gewijzigd door
Blue_Fear op 29-12-2017 14:26
]