Not a single bank has ever used it for an actual business transaction. They were given a bunch for free in 2013, and haven’t done shit with it since.
It’s premined and centralized. So... not really a cryptocurrency. One company has absolute authority to release more into the marketplace, and more importantly THE COMPANY TELLS YOU NOT TO BUY IT AS A SPECULATIVE INVESTMENT. They want to keep the price stable. They’ll eventually flood the market to lower price back to $1.
The management is stacked with shady figures, not the people you’d ever invest in if this was a traditional asset
even IF the banks started using it, $20 of XRP is all they’d need per year!
ZERO official confirmation that it’s being added to coinbase. Every video/picture I’ve seen circulated online showing Ripple on Coinbase Beta has been disproven. And even IF it is added, that value has already been priced into the coin. Or do you really think a speculative asset that isn’t actually used for anything is worth $100 Billion market cap?
Even IF banks used it, your speculative investment in it is driving up the price, taking away its low cost value for banks. Meaning they’ll eventually move to the next cryptocurrency. In particular, I believe they’ll jump ship for XLM eventually.
Of course you’re going to make your own decision. And of course I’ve missed out on huge gains from XRP the last few weeks. But I invest in people and technology. Not in hype, and there are just too many big red flags on this one for me.