Ripple (XRP) was invisible while I was not looking?
If not, someone has to explain why investors ignore it. Only $ 62.5 million of Ripple changed hands on Sunday, unlike last week, where $ 220.1 million held exchanged in a single day.
On the contrary, investors speculated about the public blockchain, such as Bitcoin (BTC) or Bitcoin Cash (BCH).
Bitcoin Cash has gained 44.7% in the last seven days. It became so intense that BCH Ripple moved introduced shortly after market capitalization failed. 3 in the list of the most valuable coins crypto in the shade.
There is only one explanation for this sudden optimism: investors recently benefited from the security of the bitcoins that (BTG) revealed a new currency called Gold Bitcoin and fled to alternatives like Bitcoin Cash.
But this dynamic is unlikely to last. Markets have short memories, which for a long time cannot capture individual trends. They are finally returning to long-term patterns, which could mean a return on trading volumes for Ripple.
Sooner or later, the fundamentals must dictate the dynamics of prices. This is one of the reasons why this author prefers "buy and hold" investments. It is less stressful and, often, more lucrative.
This is particularly true for the cryptocurrency market, where prices go up or down to double digits per week. It is incredibly dangerous to change fluctuations in the face of this volatility.
As a result, we see it as an opportunity since the Ripple USD exchange rate on Monday morning barely moved and rose 0.02% to 0.202962. There is another opportunity to obtain this cryptocurrency while trading cryptocurrencies.
Daily ripple Chart:
Analyst take:
Regardless of Ripple's daily news, it remains that XRP solves a real problem in the market. It makes international payments much safer and faster, and it does so in a chain of blocks. These determinants will determine long-term price expectations, which are estimated to be more than $ 2.00 by 2018.