In today’s episode Coin Bloq will review the Ripple XRP cryptocurrency. Cryptocurrencies, ICOs, blockchain, and altcoin investing offers new crypto entrants a high risk, high reward strategy that has the potential to net them untold riches or mire them in loss and despair. The savvy cryptocurrency investor looks for undervalued altcoins, and crypto projects that have a greater ROI relative to more established rivals such as Bitcoin, Litecoin or Ripple. Coin Bloq will consider the merits and potential obstacles of altcoin investing and asks whether the markets they seek to serve are non-existent or over-saturated.
Crypto investing is littered with new and exotic sounding terms – tokenize this, blockchain that, etc. No wonder new investors gasp in desperation as they try to understand the incomprehensible! Each week, Coin Bloq looks at six competing cryptocurrency projects and asks whether they actually solve a problem, whilst comparing them to previous crypto projects. Supply and demand, basic economics and a sound understanding of market psychology are all taken into account and investigated by Coin Bloq.
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Video Content:
00:03 Introduction
01:50 What is Ripple
03:19 Competitor Analysis
4:32 Price History
05:15 Strengths
10:15 Weaknesses
15:14 Opportunities
18:28 Threats
22:34 Conclusion: Ripple/XRP, or the Strange Case of Dr Jekyll and Mr Hyde
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DISCLAIMER:
This is not financial advice. Coin Bloq is not Financial adviser.
Coin Bloq is NOT Paid or Sponsored to Make these Videos
Please Read the White Papers Before Investing
If You Lose All Your Money We Are Not Liable
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LINKS:
Please make sure you are visiting the correct website – I will not be held responsible should you visit a bogus one.
Ripple (XRP) https://ripple.com/xrp/
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