This is actually a re-write of my article that I was going to publish. XRP has blown up from $0.25 at the START OF DECEMBER 2017 to a mind numbing $2.35 as I type this out right now.
For all those people thinking that buying XRP is investing in Ripple and you get to invest in the future infrastructure that all the banks are going to use! It is not. Bought it because “Coinbase will list it”? Extremely unlikely. People will still believe so, because, plebs.
But then again, I realised that almost NONE of the new people coming into crypto understand anything about crypto or do their own due diligence, much less the technical aspects about many things under the hood. All that matters is that some YouTuber talked about it in his “Hottest Crypto for 2018” video.
Who cares about the technology if you can make …