XRP:BTC Divergence. You may Want to Read This
So my previous chart I explained the market cap and dilution issue I have with XRP, Here is a chart over a 5 year period showing the divergence in bitcoin and XRP and how dominance has changed relative to the dollar.
At first XRP was Trading stronger against bitcoin relative to the dollar, but as time progressed, XRP ended up trading weaker against bitcoin in comparison to the dollar. XRP has a great marketing campaign, but Bitcoins halving is highly deflationary, hence the massive jumps in price. When its all said and done, the change in dominance, diluted supply, and over valuation of XRP...... I wouldn't touch this crap. Buy Bitcoin
At first XRP was Trading stronger against bitcoin relative to the dollar, but as time progressed, XRP ended up trading weaker against bitcoin in comparison to the dollar. XRP has a great marketing campaign, but Bitcoins halving is highly deflationary, hence the massive jumps in price. When its all said and done, the change in dominance, diluted supply, and over valuation of XRP...... I wouldn't touch this crap. Buy Bitcoin
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