" Ripple’s cryptocurrency has been adopted by banks and other financial institutions. Those companies believe Ripple’s system offers both better prices and is more secure than other digital currencies, including Bitcoin. It allows users to send, receive, and hold any currency in a decentralized way via the Ripple network. The company is cash-flow positive and holds a vast store of XRP, which it periodically releases into the market.
But the real appeal of Ripple’s XRP for banks is its liquidity.
“The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts. We believe very strong this is an inefficient model. You can use digital assets to fund liquidity, and Ripple is uniquely positioned to capitalize on that. Bitcoin takes four hours to settle a transaction. XRP takes 3.6 seconds,” Ripple CEO Brad Garlinghouse told Fortune earlier this year.
Ref:[http://fortune.com/2017/12/13/ripple-litecoin-bitcoin-price-2018/]
I bought into Ripple at the lower end of the price range and have been holding for sometime waiting for its price to match its promise. Considering Ripple has the fourth largest market cap at $29,049,051,372 and has contracts with multiple major financial institutions, I have always felt the the coin is massively undervalued and will be holding for a lot longer yet.
My question is how high will this initial pump take its price to and is this just the start of its upward trend or just a quick jump??
