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Starting from September 18, Ripple (XRP) started a surge in the market. It rose rapidly from less than 2 yuan to a peak of nearly 5 yuan. It basically fluctuated around 4 yuan within a week. XRP led the bull market for a week. Looking at the market in those days, I always feel that every day when I open my eyes, there is an increase of between 10% and 30%. Unfortunately, the editor does not hold Ripple coins, so I can only regret watching others eating soup and eating meat. However, Ripple experienced a drop of more than 30% today. Ripple led the entire market lower, and the current price of Ripple fell to 3 yuan.  As the third-largest digital currency in terms of market value, after Bitcoin and Ethereum, Ripple is currently the most useful currency. Transfers can be completed within a few seconds, and the handling fee is negligible. Ripple has great advantages when used for cross-gateway transactions by commercial companies. But unfortunately, Ripple may be the least decentralized currency among mainstream currencies. Ripple is the basic currency of the Ripple network and can be circulated throughout the Ripple network. Data shows that the top 100 Ripple addresses account for more than 90% of Ripple. The ownership of Ripple is concentrated in Ripple Labs. In the MLM list announced by CCTV in 2017, Ripple was impressively listed. In fact, centralization and ease of use are directly proportional. The more centralized the product, the easier it is to use, such as Alipay and WeChat Pay. But for all digital currencies, the greatest significance is decentralization without trust. If you over-pursue transaction attributes at the expense of decentralization, it is meaningless. We might as well use Alipay with better products.  Another side effect of excessive centralization is that the currency price is highly controlled. The operation of the capital market has revitalized Ripple, but the risk of the capital market crashing still exists. The sharp rise and fall of Ripple this time is the best example. If you hold XRP, you can continue to hold it, but the XRP locked by Ripple is gradually being unlocked. We have to think about the uncontrollable risks brought by the total amount of XRP 100 billion. I would like to advise you not to chase high prices blindly. Centralized products generally have high returns. For example, Ripple surged hundreds of times to 20 yuan last time. However, the risks are higher. Invest rationally and do not chase high prices.  |
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