You are viewing a single comment's thread from:

RE: Alt Season Cometh: XRP retakes #3 slot after five years

in LeoFinance9 days ago

I've always thought the hate XRP gets was based on misunderstanding. I don't think they were trying to be a central bank at all... XRP was given to the Ripple company to try and make inroads with replacing slow, antiquated SWIFT technology with something way faster. It's hard for banks, financial institutions and governments to work with a decentralized community, sometimes there just has to be an accountable CEO (for the SEC to sue I guess). I don't really understand why XRP's price has nearly doubled, but it's nice to see for sure.

Sort:  

I don't really understand why XRP's price has nearly doubled, but it's nice to see for sure.

I read somewhere that there was a 35 million XRP transaction in the previous few days.

If this is true, then this price increase is probably mostly the result of market manipulation.