Back in the past when cryptocurrency was still new in the world, a lot of headlines related to Bitcoin as well as the price.
Most of the investors at that time were smart in taking their decisions and bought them and today they have become wealthy people and have great success in finance. At that time, altcoins like Ripple (XRP) were not too much attention.
If you look at the history of Bitcoin, you will be happy to appreciate Ripple (XRP) too where it has come to enliven the crypto market so far.
So let's look in more detail about the history of Bitcoin:
History of Bitcoin
Satoshi Nakamoto who mysteriously created Bitcoin on January 3, 2009. Although the founder of BTC is still unknown until today, it is estimated that he has 980k BTC when cryptocurrency was created. By estimating the number of Bitcoins in his wallet, Satoshi's net worth could be $ 7.5 - $ 8 billion.
Let's take a closer look, Bitcoin is a cryptocurrency that uses a large amount of electricity before it can be mined, as well as the Satoshi crypto protocol that only allows 21 million BTC to be mined.
In a report we have read said that at the first time electricity was used to mine Bitcoin, the value was estimated at around $ 0.00007.
The first Bitcoin exchange for currency conversion took place in October 2009, which was founded by Marti Maimi. The following year, 2010, the first BTC exchange was created, and it was called BitcoinMarket - the price of 1 BTC was positioned at $ 0.003 at that time. In December 2011, Bitcoin started trading at $ 6.18 against the USD.
Two years later (2013), Bitcoin began to grow at a pace and traded at $ 817.12 against the US Dollar. After several Bitcoin usage cases in the world began to bust, the value of Bitcoin surged, and it traded at $ 429.78 against the US Dollar on December 31, 2015.
In July 2016, a document was issued stating that the use of BTC for legal transactions had exceeded applications for "sin enterprise." Advancing even faster, in October 2018 an entertainment company, PlayboyTV, introduced BTC payments to 100 million clients worldwide .
More interestingly, it has been reported that in ten years, around 80 percent of BTC has been mined, which means around 16.8 million BTC since it was made (remember Ripple (XRP) does not need to be mined unlike BTC and other digital currencies).
But it is estimated that it will take hundreds of years to mine the remaining 20 percent of this BTC. The reason is that miners will get when they mine BTC in halves in every 4 years. According to Bitcoin's history, it has enjoyed a gradual increase over the years.
Why is all this associated with Ripple (XRP)
There is no doubt, Ripple (XRP) will definitely take its own path to grow like Bitcoin. Why? We hear that you want it too, right? Not far like Bitcoin, now Ripple (XRP) is solving real-world problems, and will have the most use in real life.
Which means that current XRP investors will not hesitate to become millionaires in the future. Ripple (XRP) emerged as the best cryptocurrency in its own style, and we can see more adoption in the coming years.
Come see the price of XRP
After a tremendous surge a few days ago, in the past 24 hours, XRP has dropped 3.08%. At the moment, XRP is trading at $ 0.5152 with a market capitalization of $ 20,716,428,980.
Yesterday an unusual transaction occurred at Ripple because 40 million XRPs were transferred from one account to another. Even though current XRP prices follow market trends (almost all significant coins are traded in red again today), yesterday's massive XRP transfer may have caused panic for investors who realized it.
As a result, even though the Ripple XRP is red, there is a high chance that it will immediately rise again.
