Here is my theory: imagine a whale or group of whales with enough crypto to swing a market turn. Imagine also they have insider info as to non-public but speculated facts: (1) xrapid in general goes live date(2) date JPY volume is revealed, showing huge xrapid volune (3) date SEC makes a public declaration that XRP is not a security, similar to what it has done with ETH, BTC (4) date SEC will authorize a BTC ETF approval
This could very easily be insider trading on some big news thats going to be released. Don't want to fuel rumours or anything but this has definately happened before in crypto...fingers crossed for XRP
I'm a true believer in XRp and crypto currency. I'm also new here so excuse my ignorance.
I was wondering what you guys think of xrp eventually going global. I wonder if its possible for a country acts as a whale and manipulate an entire county's economy, not just with XRp but with other crypto too
It is possible and likely, if XRP continues to make its way into the financial world. Just review the differences between the two cryptos: XRP is fast, available in large quantity and most important centralized. There is a company behind it that can be reviewed, talked to and lobbied. Bitcoin is highly decentralized and only offers 21 million units vs. 100 billion XRP. Looking at the daily cash flow worldwide, the price would have to "Koenigsegg Trevita and Pluto" in order to cover these sums. The high confirmation time, which can jump anytime if a country decides to crack down on miners, adds to a "No" for future banking applications with bitcoin.
I'm pretty sure the price of XRP will rise, if Ripple convinces the financial world, that their system is the way to go -- topping BTCs market cap in the end.
UK financial authorities say crypto assets may be banned this is likely to include XRp if its not a security and they believe it will be 2 years down the road before its implemented... So where does that leave us all if it moons in 3 years time decentralised exchanges?