HODL THAT! #3 – Ripple is the Nipple: Stacking up the Future
Many Crypto enthusiasts deny to wave their flags when it comes to the idea of [cryptocurrency_widget type=”inline” symbol=”XRP~BTC” template=”basic” color=”default”]. The “Banker coin” is a thorn in the eye to many Crypto evangelists. However, for a long term hodl it might be an excellent choice. Many big rumors are floating around – like now and with the recent announcement of Coinbase. We think $XRP could be one of those new coins listed there. But this might be small news against what could come up next for Ripple. There are new partnerships announced by end of the year ( deals shall be signed with American Express and Santander bank to send international payments on its blockchain) and by moving into direction of mass adoption for Crypto in general, the chances are high that much of the total market cap will flow into Ripple. The news that Japan and South Korea are going to test ripple in their network has created a huge push forwards. Interesting side note: The search term “$ XRP” has been the 8th most searched term today and gained more interest than”Kylie Jenner”. Ripple will be live Japan's “Nikkei Morning Plus” TV show at 5 pm ET. Futhermore Ripple has deposited $55 billion in crypto in an escrow to reduce its volatility and to bring on some signs of confindence to its investors.
[cryptocurrency_widget type=”inline” symbol=”BTC~USD” template=”basic” color=”default”] is about to start another run right now and if we can break 19K it is likely that alts will suffer big time (again, don't panic). We see it as opportunities to get $XRP at discount for another time and we will likely hodl until Q1 / Q2 2018. Then we will take some of the profits and let it run for the longer with an open target.
We will #BTFD on Ripple, as Ripple is the Nipple.
UPDATE: Due to the ongoing bad news about XRP we shorted this position.