Things to know when you want to invest in Ripple (XRP).

Things to know when you want to invest in Ripple (XRP).

By Lềm Thị Phiến | An an | 23 Jun 2020


Ripple is currently trading around $ 0.25 and is subject to change depending on supply and demand - it's worth less than Bitcoin and Ethereum. About 40% of Ripple is circulating in the market and the remainder is held by the holding company, which will be released into the market gradually - one billion Ripples per month. This suggests that Ripple investors will not sell all of the supply in the market at the same time, which could negatively affect prices.

Is Ripple a good investment? No one can be sure. The value of cryptocurrency has increased a lot since its introduction. If you bought $ 1,000 Ripples at the beginning of the year when you could make about $ 0.0065, you would have nearly $ 40,000 today.

But it is difficult to predict whether the price will rise or fall. If Ripple can get more banks and switch its financial industry to its payment network, you can expect prices to skyrocket. If that doesn't happen and investors don't pour money into Ripples, the price could plummet.

You cannot fully assert whether you should invest money in Ripple investment to be sure to succeed. In short, when preparing to invest in any cryptocurrency, investors need to research carefully before each transaction. Because this will directly affect success or failure and directly affect your wallet.

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