Ripple what an insane move today on Ripple talking about XRP in this video
so stay tuned so I want to talk about ripple today and the reason I want to
talk about ripple is for a couple of different reasons one is that I've been
skeptical of ripple for a long time xrp everybody's been talking about it this
thing's been making massive moves one of the things that really separates XRP
Ripple away from the rest basically owned by the banks so the bank's started
this back in 2012 they started it as a payment system between the banks and
they're basically gonna use the blockchain to be able to get money back
and forth and cut down on the overall cost of basically lending each other
money and all this different stuff I haven't got really really deep into the
whole explanation of ripple but I do understand the basics that it is
centralized that is owned by the banks and the banks are the ones behind this
so the overall banks are really the ones that are pumping Ripple up but people
are really buying into this whole hysteria this whole mass move that
ripple has been making obviously in the last couple weeks it's made some massive
moves today alone and it's last 24 hours is up over 50 percent right now it's
showing 216 here on coin market cap I'm not sure what exchange that's showing up
at but it is showing that here on coin market cap so you can see Ripple the
market cap now the market cap now is 83 billion so it's number 2 in the crypto
space now it actually passed over a theory and passed over Bitcoin cash and
you can see litecoin down there at number 5 right now so massive move
really a massive massive move overall for ripple in the last couple days
everybody buying into it people love buying cheap penny stocks people people
love buying cheap cryptocurrency that makes sense people love the idea that
they can buy a thousand coins and it's only $1 a coin or whatever it is they
love that but you got to look here look at this circulating supply the actual
supply of ripple of XRP much higher than the rest of the overall market so you
can see Bitcoin we got 16 million total where Ripple
I'm not sure what the top you can see this thing this keeps going
up and up cuz we're in the billions right that's billions so we're saying
billions so we're in the billions circulating supply and I think it's
actually gonna keep increasing as this goes on I'm not sure that the top cap is
there but you can see in the last day or so
XRP making a massive move I ended up getting some ripple back there after
Christmas I was like hey screw it you know I'm not a big fan of it I don't
love it but I'll play into this madness and I'll try to get in here foresee this
get this move above back above $1 I ended up getting in here right below $1
right around that dollar area and I exchanged litecoin through shape-shift I
owe if you want to do that it's very simple and easy I'll just make another
video talking about that but you can see in the last day here the last couple
days since Christmas this thing has been on a tear from a dollar up there almost
a $2 the high today on bitstamp is showing 196 so the exchanges are gonna
be a little bit different a lot of rumors behind this one a lot of hype
behind this with the idea that coin base will be adding ripple soon in the future
I mean obviously that's a huge rumor a lot of people talk about their own coins
whatever coin it is they talk about it being added to coin base because it does
make it much easier for the overall mass world to buy into that coin so if ripple
is added to coin base obviously it's gonna go up because a lot
of people can buy it's a lot easier to buy it right now it's not easy to buy
ripple and that's one of the reasons that has been so cheap for so long and
it's exploding so in the last I mean look at this daily chart here and the
last month or so this thing was back at the 30 cent area I remember when it was
down about 20 cents there beginning of December it was about 20 cents and you
can see this daily chart here boom boom boom up there to 80 cents pulling back
getting over a dollar and then now today going from a dollar thirty up there to
two dollars so ripple making a massive move I've gotta tell myself I gotta
remember obviously you know I don't love this coin I don't love the idea of I
don't love that the banks are behind it but at the same time why am I not gonna
play into this action here and you can see the action is definitely there so I
got in here at the dollar area and look at it now up there to two dollars we'll
see what happens here in next couple days but I'm definitely happy that I did
at least get in here with a little bit and get some and gain some exposure to
this overall move here on Ripple wish I would have bought back in there
at the 20 or 30 sentian when people told me to but hey and I'm not I'm gonna
admit that I was wrong you know obviously there was there's a
play here there's a volatility there is momentum here there's time to play
worried about the actual basics of the currency later on right now it's going
crazy so why not make some money while we can but let's want to make this video
talking about Ripple talking about this overall move here today and how crazy
this thing has been getting and all the hype behind us like I said this is now
the number two market cap in the overall cryptocurrency world which is pretty
wild because for the longest time it was aetherium
and then Bitcoin we were right there back-to-back and now number two Ripple
is this to say that in the future ripple is gonna surpass Bitcoin that's gonna be
a hard one to beat because there's such a large supply here I don't think ripple
has the power to go to you know $100 $200 I don't think that's in the future
probability because of supply being so high but hey you know I've been wrong
about other things I'll be wrong about this maybe who knows I'm not gonna say
it's impossible but I'm gonna say it's a lot harder for a coin like ripple that
has a large circulating supply to get to that high of a price you know Bitcoin
with 16 million total circulating supply compared to 38 billion is a big
difference that's a lot of millions inside that billions so I'm right now
I'm bullish on ripple just because I got any good price and people are about it
it's hot right now it's the crypto currency of the week it's been exploding
so I'm gonna play into that action and I'm gonna see what happens here the next
couple days and like I said today ripple going to the moon from a dollar 30 up
there to almost $2 insane really insane and that's all I can really say about
this point but you can see where are we gonna go no one really knows cuz we're
at we're in unchartered territory this thing has just never been this high
before you can see back and I think we can even go back that far but beginning
of 2017 this thing was worth less than a penny less than a penny back there in
beginning of 2017 so if you woulda bought Ripple back there when it was
less than a penny you might be sitting pretty right now as the thing is close
to $2 we'll see what happens here with XRP ripple in the future
but just want to make this video kind of talking about this overall move here
today and how crazy it's been getting here and we'll see what happens tomorrow
maybe we'll get to three dollars before you know it who knows by the end of the
year this thing could easily be at three dollars with this type of action with
this type of hysteria of this type of movement and we'll see this if the
rumors of coinbase adding ripple play out in 2018