Even with its many price fluctuations, there’s been a lot of Ripple hype. What causes Ripple hype? Cory Johnson gives his two cents and we give ours.
Latest Ripple News | XRP Price Analysis
In 2017, XRP increased in value by roughly 32,000%. So far in 2018, XRP has dropped by 75%. However, the fascination around the digital asset remains. More on that later, though!
Today, XRP is changing hands at $0.543. The coin is 2.80% higher on daily basis. At press time, Ripple (XRP) has a market cap of $21.32B, and a 24-hour trading volume of $303.54M. XRP’s price moves are lockstep with BTC.
Latest Ripple News | The Company
Before we begin, let’s state the obvious: Ripple and XRP are not the same things. Now that we’ve got that out of the way, let’s look at some news that has come from the company recently.
Ripple News #1 – Exec Explains Why XRP Has Hype
Cory Johnson, Ripple chief market strategist, recently opened up about why he thinks XRP has the hype that it does, despite the coin falling by more than 70% this year.
According to Johnson, it is simply because people have money at stake. When your hard-earned paycheque is at stake, people “start to pay a little more attention to things.” He then added that he thinks “that’s one of the reasons there is such FUD.” Essentially, Johnson believes that when you have made a bet somewhere, you want other things to fail. He provided the example of Ether: “I think there are ether holders who hate XRP because they hold ether.”
Do you agree with Cory Johnson?
Ripple News #2 – Exec Leading Fed Reserve Task Force
Word has surfaced that Ryan Zagone has been selected to be a part of the Federal Reserve’s Faster Payment Task Force Steering Committee. Not only has he been selected for the task force, but Ripple’s own will be leading the ranks, comprising of roughly 300 representatives from various industries, such as payment services and financial institutions.
In response to the news, Zagone said that it is “a privilege to be selected.” He added that he is excited about “leveraging Ripple’s global experience.”
Latest Ripple News | The Takeaway
What do you think about XRP’s market performance so far? What do you think about Zagone leading the task force? Is this what causes Ripple hype? What do you think?
Featured Image: Depositphotos/© BiancoBlue
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