Ripple's CEO: “Bitcoin's impact on prices may soon be over!"Krypto money prices are highly correlated with Bitcoin, the most famous of the thousands of krypto currencies that exist. However, this may soon be over, according to ripple's CEO Brad Garlinghouse, when markets begin to accept the differences between these assets.
Ripple's CEO: “there is a very high correlation between Ripple price and Bitcoin price.”
Brad Garlinghouse made the following statement on the subject.:
There is a very high correlation between ripple price and Bitcoin price, but in the end these are independent Open Source technologies. But you will see a more rational market in the early days and movements that reflect it.
Ripple is a company based in San Francisco that develops a network for faster global payments, while XRP is the name of a digital token that financial institutions on the network can use to trade quickly. Brad Garlinghouse says the company has signed 20 production contracts with new companies, breaking the first quarter of 2018. Ripple expanded its partnership portfolio by signing an agreement with the largest bank in Kuwait, as well as companies like MoneyGram, which tested the Xrp in this quarter.
Ripple's CEO: “the crypto money market is still a developing sector.”
However, in spite of these developments, the xrp lost 70 percent of its value in the same period and became one of the worst-performing Crypto currencies among the Best Crypto currencies. In the first quarter, the entire sector suffered significant losses. According to CoinMarketCap data, the market volume for Crypto currencies has dropped by more than 50 percent. Bitcoin has lost roughly 50 percent of its value in these three months. Brad Garlinghouse said on the subject::
The krypto money market is still a developing sector. Speculation is directing the trading activity on the market. It's only a matter of time before people can better understand different uses.
According to the CoinMarketCap data, there are over 1,500 Crypto currencies in circulation. According to Brad Garlinghouse, 99 percent of these Crypto money will not be in 10 years, as most of them can't solve a real problem.
