meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours...
its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days
The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity. However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time.
If even banks only need so few XRP, then why did Ripple make the supply so huge? I remember when there was a 40k XRP per member giveaway on this forum. What is the point of having so many XRP available?
That's anyone's guess.
I'd say they want this platform to run for a while. If their goal is to have as many transactions as swift or visa for example, people will start worrying about the xrp's being destroyed. This would cause the xrp price to skyrocket and then the transfer fee of 0.000012 xrp for each transaction will be even more expensive than where we started with good ole' goldman sachs.