Cryptocurrency Inverse Correlation

in #cryptocurrency • 7 years ago

Supporting my previous post (link below), we are now experiencing a inverse correlation in the price movements between #Ripple and the other coins, including Bitcoin.

This is clearly a sign that #XRP could soon become the #cryptocurrencies "reserve currency". Making the analogy, usually when USD moves down, commodities move up, and vice-versa. With that in mind we can imagine #Ripple being the reserve for the other #crypto coins, like USD for other currencies.

Please check my previous post, and if you like it, please support with your upvote and resteem:

https://steemit.com/money/@morpheuz/get-ready-for-a-world-currency-by-2018-it-will-be

Thank you for your time...

crypto-boom.png

#money #bitcoin #ripple #xrp
7 years ago in #cryptocurrency by
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     7 years ago 

    And I believe the same!

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     7 years ago 

    Let's try to take smart positions and benefit from it in the future :)

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     7 years ago 

    Do you believed in the Ripple boom being a currency for banks?

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       7 years ago 

      You can can check yourself in their website and see some of the members list:
      https://ripple.com/solutions/

      PS: Vale a pena investirmos no "nosso" escudo? :)
      https://www.cryptoescudo.pt/

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         7 years ago 

        I agree with you.

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