Is Ripple Another Cryptocurrency Worth a Small Bet?

Ripple is the 3rd largest cryptocurrency by market cap. It is run by a company, so it has an overlord; this is a good and bad thing.

Basically, Ripple is focused on the market of forex and it has partnered with several major global institutions. The major, major advantage to Ripple, as I understand it, is the speed at which transactions can happen and be confirmed; it’s seconds. This is in contrast to Bitcoin, whose blocks take ~10 mins on average.

Also, Ripple doesn’t depend on energy-intensive mining process. Instead it distributes XRP tokens at its discretion in order to incentivize certain behaviors.

“We will engage in distribution strategies that we expect will result in a stable and strengthening XRP exchange rate against other currencies. To this end, we currently plan to distribute XRP primarily through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.”

Overlord can be good, but can be bad as well. Do we trust in this “Central Banker”?

Here is a recent chart of Ripple’s XRP courtesy of

I’ll be watching the transaction volume over the next few weeks. If traffic continues to be steadily increasing, then it will definitely be worth a flyer.

It seems to be a good strategy to just put a small amount of money into these cryptocurrencies early and just sit on them. I’m pretty sure ONE of them will emerge as a HUGE HUGE winner. This is playing the VC game…

Here’s how one would buy Ripple XRP (in US):

7 Replies to “Is Ripple Another Cryptocurrency Worth a Small Bet?”

  1. Personally I would say to look at Cardano as the next big crypto currency. There is going to be a lot of new developments released over this coming year, and even through the market has been under pressure lately, Cardano has held it's market cap particularly well.

  2. Since I've written this, I would not invest in Ripple after having done more research on it. Cardano has a strong team behind it, but I don't know enough about it to consider it. Define "held it's market cap". Peak at $1.38 and now at $0.21 is "well"?

  3. Ripple has continued its negative slide over the past months, having lost 82% of its value since the all-time high set in January. The market cap now stands US$59.25 billion, with US$383 million in trading volume over the past 24 hours.

  4. All of the cryptos, including Ripple have now lost their values but I think they will grow very soon. Problem is that people still don't understand how it works, what is block chain and stuff. They expect it to rise constantly and that's not going to happen. Where was Ripple and BTC year and a half ago or so?

Leave a Reply

Your email address will not be published. Required fields are marked *