The source is reputable, so probably unlikely to be an April Fools Day joke. But wow. Huge fine. It’s a settlement, so Ripple admits no fault. With a $25 billion market cap, what’s $100 million, but the fine has to sting, given Ripple and XRP’s legitimacy in other parts of the world.
Or perhaps the SEC found itself in a losing position, and offered up the settlement to get something. We will never know.
Now we wait for an official announcment of the settlement and a relisting of XRP to the largest exchanges.
Frankly, I invest in cryptocurrencies just to diversify my portfolio and manage risk. Otherwise, I don’t understand them that well. Also, I never trade them because it requires a lot of knowledge. I find them good for long-term investments.
I never thought that I would invest in any cryptocurrency other than bitcoin. But seeing the rising value of ripple makes me believe that I was wrong and the market has got to offer a lot of opportunities to its traders if they are ready to do something big.
Plenty of coins and tokens have doubled in just the last couple day (and some have fallen again). Plenty of opportunity outside of Bitcoin. Interested in any others?
