$XRP it's certainly fantastic to see when they go up like this, but in my opinion xrp is a dirty game, it means that there is no transparency behind it.
- it is held for over 77.8% by Ripple and 20% by the founders
- they periodically sell their cryptos that are not counted in the marketcap, in fact the cap has increased by 28B recently.
It is clear that if you bought around 2.8 dollars, you will remain at a loss unless there are huge speculations on the rise. This is because they periodically sell by adding free coins for you to buy. The excuse is that they have to finance themselves, but I see a great mockery towards investors.
again
- it is a bank in all respects because it is completely centralized. Yes, there are developers, but the strength lies in Ripple that sells you its cryptos.
I don't see clearly, but it is easier for it to end up like Lunc.
as of today, maximum transparency is given by $BTC e $ADA .
what I think is that it will rise to ensure continuity, as many xrp will be sold off to continue financing themselves. at that point the price will be mediated because it is always controlled in their interests.
investing in xrp is riskier because its centralized nature allows them to influence the price. If you are not in the control room, the only thing left for you is to ride the waves when you intercept them.
good luck 🐺