I know this will not agree with the HODL'ers. I was big on Ripple too as a spec trade but for HODL, use some logic. This is the most important point for anyone who wants to invest in a $100B dollar company...THAT MAKES NO MONEY. Every article and interview that I've come across, does not answer the big Q, "HOW WILL RIPPLE MAKE MONEY?" The 'CEO' talks around this but never addresses, how Ripple can have a $100B+ valuation because of some future hope of financial institutions using XRP? The future means more competition, not less.
Use some logic on this, XRP is not any better than any other similar competitor, in fact Hashgraph/Tangle is far better than any blockchain. In the blockchain space, Cardano 'ADA' or 'NEM' are better. The financial world is waking up to the fact there are many great competitors in this race and they can also develop their own solutions. The ultimate solution is that countries will develop their own crypto version of their currencies. Then no need for Ripple or anyone else.
Recently, Ripple survived on a massive rally up from 1.60 to just over 2.20 but didn't hold it and tried again one more time on lower to around 2.16. This was probably a manipulated rally to try and get interest back but the real didn't show up. Even the Moneygram trialing XRP play didn't work.
I repeat, Ripple/XRP had no real value aside from a trade. No one in any article has answered HOW RIPPLE WILL MAKE MONEY. You that real world stuff that pays bills and keeps your business afloat. The Ripple insiders became insane billionaires off the herd...period. They were an amazing speculative trade, nothing more.
This was finally caught by those in the know: Read the following and take it in. If you understand and when the big players figure it out, it's RIP Ripple.
Why the Hot Cryptocurrency Ripple is Going Down in Flames
"But not all the transactions that banks make on the Ripple platform have to use the XRP tokens, as was pointed out by The New York Times . Instead, banks could use dollars, euros, or another local currency on the Ripple platform, circumventing the alt-coin.
This cuts into what some buyers of XRP hope: that it can become a “bridge currency” used by financial institutions to make payments across borders.
In other words, as investors come to realize that Ripple the company does not need XRP the token to soar in price to be successful, investors may further cool to XRP."
Think about this, there are a few people that have billions worth of XRP that they can't dump on the market except during strong rallies OR sell to institutional investors. The insiders have to keep the hype going or they can't cash out. Everyone is figuring out now that XRP isn't really needed and there are better alternatives. Those deep holders of XRP will need to dump it and take what they can get. I'm thinking that will start happening pretty soon?
IBM and Stellar Are Launching Blockchain Banking Across Multiple Countries
Wake up peeps, this is the other side of what's going on.
Pax Crypto: Russia Proposes First Multinational Cryptocurrency, Expert Blog
Repeat of my comment response below:
"...and no one can still explain how Ripple will make money or enough money to justify it's market cap with 100B units (close to $200B dollars at current prices)?? No misinformation being spread, just logic. I was a Ripple fan, until I looked ahead a little. It won't be needed, trials are far different than getting the market to actually use it enough to bring value to XRP. Right now the only value is manipulated supply/demand and also being a trader's dream. Don't be fooled, there's people with billions of XRP trying to unload on the market before it tanks."
World’s Fourth Largest Bank MUFG To Launch Own Cryptocurrency In 2018
"MUFG stated the company will process all the transactions from its cryptocurrency’s network, claiming that such an approach will help improve the stability of the coin.
The bank also plans to peg one MUFG coin to one Japanese yen in order to maintain people’s confidence in the new cryptocurrency."
There you go ..
2) No bank would use hashgraph. The transfer would be not exactly addressed then. Tangle (IOTA) does not fit for this purpose either, namely for specific, exactly targeted transfers.
So still HODL. :-)