It is actually the only currency that had lost all its value recently. Most people bought thinking that it will do a repeat of bitcoin and go to 16000$ or 19000$. These people forgot to look at the currency in circulation. They are just too many. Bitcoins scarcity drives the bitcoins price. Here the ripple's abundance will bring the price down. I have seen its chart. The growth of this coin was stagnant since its inception. It didnot increase in price in past 4 years. Now it is in a terrible situation.
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Yeah ripple coin has too many out there and the creators hold a lot