Our crypto currency of the week has to be Ripple (XRP).
Earlier this week we posted on the recent rise in price of XRP (Click here). Ripple has this week increased in price by a massive 35%.
The rise in price is most likely linked to the upcoming ‘Swell’ conference due to take place on 16-18 October 2017.
Will this growth continue?
We are of the view that the price will probably continue to rise up to the time of the conference, which as stated in our previous post (link above), will include prominent speakers.
Many people are anticipating the Swell conference to be a spring board for Ripple which will push the price of XRP up. We would urge those who are interested in investing or who have invested to be cautious, especially at the time of the conference. The last time Ripple had a ‘big’ announcement the price fell over 20% in just a matter of hours. Whilst we expect this conference to be different and to actually have a positive impact, we would still urge you to be cautious and to keep a close eye on the events as they unfold. Many investors it seems are considering buying XRP hoping it continues to grow in the coming days, and then selling prior to the conference.
It appears however that the future could be very bright for Ripple which could hit the $1 mark soon.
One to look out for in the future
Another exciting Cryto to keep an eye out is one which is not as well known as Ripple but has seen massive gains in recent weeks – ‘Walton.’ Walton (WTC) has grown from $1 to $7 in the past month alone! We will soon post more about WTC and it’s potential.
Stay tuned for more updates on Ripple and the Cryptocurrency world.
We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.