Ok guys, here’s what we have.
It was late days in August when Ripple announced they will support Swell in Toronto. They will actually play an active role with few of the company’s giving speech. Swell is a very important to the investors conference, as it’s an only-invitation conference and attracts people from a strong banking, investing background.
XRP is Ripple’s cryptocurrency, backed by the banks, and while it is decentralized, a lot of people think it’s not and it’s very manipulative. Currently, lies 3rd in cryptocurrency world with roughly $9bn market cap, and each coin costs $0.235. Ripple say that the company and the XRP are not related to each other, and they are 2 different entities, meaning that if the company (ripple) goes bust, XRP wont be affected.
So what is the next day? A lot of speculation. Is it going up? Is it going down? Or is it not going to be affected by the conference news? Do you think it is going to be the first coin backed by gold and other valuable metal? Is it a short term investment or a long term investment?