At the end of last week, Ripple in the United States filed a class action lawsuit against the company. Ripple Labs, which controls the third largest cryptocurrency, was accused of creating a scheme that allowed to raise hundreds of millions of dollars through unregistered sales of XRP tokens.
One of the XRP investors accused the company of actually running an "infinite ICO", releasing coins from the "air" (we wrote about this here). Happened this lawsuit after Ripple reported on the doubling of sales of the cryptocurrency in April.
Businessfm analyst and official representative of Codinhood crypto exchange in Russia Vladimir Levchenko believes that the event occurred is one of the most important in the cryptocurrency market. He explains why interest in cryptocurrencies can seriously fall, and the prices for them — to be in the stagnation zone.
According to Levchenko, the idea of the uniqueness of cryptocurrencies is discredited. The entire HYIP around cryptocurrencies began after the world's major Central banks launched their printing presses to stop the fall in the value of assets after the 2008 crisis. This fact led to an increase in gold prices and another wave of distrust of Fiat currencies. It is the strict limit on the issue of bitcoin that is the main factor in the investment attractiveness of the crypto industry, - writes bfm.ru Oh.
At the same time, as always in such cases, crypto entusiasts left without comment the possibility of anyone releasing an infinite number of cryptocurrencies themselves. Now this fact has become more evident, but so far has not had much impact on their cost.
If in the minds of cryptoendoliths can doubt that new bitcoins, ethers, ripple and so can no longer "print", then the price could collapse is not something that at times, and ten times — says Levchenko.
Given the proven fact that the lion's share of all cryptocurrencies is in a very limited circle of individuals and that they openly use the media to escalate hysteria around this segment in order to sell their coins as much as possible to the suffering, who "seduced" their propaganda — a new ripple issue, if it is proved, is capable of radically changing the crypto market.
But Levchenko urged not to despair of capturadora, because they don't care where the price will go. It is important to the direction of the trend. And here we are close to the next moment of truth. Bitcoin futures on the Chicago Mercantile exchange (CME) are again trading cheaper than the crypto-currency itself.
If the latter, the growth of bitcoin will choke and the price will come down from the triangle with a break below $ 7,500, the next target of the fall 5000 and $ 3000.
According to Levchenko, such developments will subsequently lead to a serious drop in interest in cryptocurrencies and stagnation of their prices for a long period of time. So, we need to use the existing opportunities now.
#busy #ripple #xrp #blockchain #news
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STOPTo my mind, XRP is one of the most promising coins for 2018 and it will reveal its potential by the end of this year!
XRP is one of those rare coins that is already being applied. In the banking system. The feature of Ripple is burning coins for transactions.
Useful review, there is much to think about.
I would recommend my friends to invest here. Good luck with the project.
unstable currency. How quickly flew up so fast and will go down
I don't think so @olega252
Ripple is most likely going to takeoff in the next few months. There's too many influential people and companies backing it.
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STOPripple has a great future
I believe Ripple can make you rich closer to end of the 2018.
Ripple is centralized cryptocurrency, I hope all future projects will be decentralized)
Очень крутой текст! Благодарю за отличную статью о компании! Надеюсь на взаимность)
Отличная работа! Так держать!
Отличная работа! Так держать!