htetaungxx Posted August 31, 2019 #1 Posted August 31, 2019 Hello guys, "Alex Dovbnya" post that topic guys. If this is real, What should we do now. Let me haer your idea please. Ripple might have started another aggressive selling spree despite Garlinghose’s claims that their sales are decreasing quarter over quarter According to data provided by Whale Alerts, the website that tracks massive transactions across a multitude of Blockchains, Ripple has recently moved more than $132 mln worth of XRP to an unknown wallet. The gargantuan transfer gave a breeding ground to speculations that the San Francisco-based cryptocurrency juggernaut went on another selling spree. This could inflict more pressure on Ripple’s XRP, which is currently trading at $0.255 on the heels of another crypto market downturn. Bloomberg recently pointed out that the token turned out to be one of the worst-performing cryptocurrencies in 2019 despite Bitcoin rallying by more than 200 percent. Furthermore, Multicoin Capital co-founder Kyle Samani pointed out that Ripple’s increasing XRP sales could be directly related to this disastrous price action. Ripple CEO Brad Garlinghouse recently commented on his accusations, claiming that these sales are needed in order to expand the utility of XRP, but the crypto community doesn’t seem to buy it. credit to Alex Dovbnya. thanks, htetaungxx.
schturman Posted September 12, 2019 #2 Posted September 12, 2019 If we take into account the announced policy of issuing 1 billion tokens per month over the next 55 months, the company will receive a huge amount of money by selling these 55 billion XRPs at the current market price. But the risks of centralization go beyond the mere trust of Ripple. Sustainability is also a problem. The reason the digital currencies of the past failed to achieve anything is because centralized digital currencies can easily be killed with government regulation.
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