Ripple (XRP) has averaged 6% appreciation per day over the past month.
If it continues at this pace, its market cap will exceed the value of all financial assets on Earth ($296 trillion) by mid-April. Investors overreacted to comments by Coinbase Management this week.
With Ripple's RSI at 100 for the past few weeks - maybe its better to use Machine Learning techniques to determine when to buy and sell? We think so!
Big big consolidation coming up. Take some profits while you can
WG028366
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I struggle wrapping my head around the fact that it's market cap is so big....However, if it's true purpose is to move around all the worlds financial assets quickly, doesn't it make sense for all the ripple in the world to eventually equal all the financial assets in the world? The end goal for ripple is to be a vessel for current assets, not really a store of value.