Cryptocurrency Ripple surges further!! On the factor of lock-up being the cause - Important knowledge of cryptocurrency that beginners can learn - Navi+ - GogoJungle | Auto Trading - Market Analysis

Cryptocurrency Ripple surges further!! On the factor of lock-up being the cause

I wrote about Ripple last time

on May 7, Ripple's price was 16 yen

and in just 10 days rose further to 42 yen

at one point reaching 50 yen

The rapid rise in such a short period was

quite astonishing.

In one month the price roseby as much as 13 times

and increased.

The recent surge is caused by

Ripple's near 90% stake of XRP (Ripple's

currency) being deposited (held) until the end of 2017

into a “lock-up”

This was announced by Ripple on May 16, and the price surged afterward.

If a large amount of XRP held by Ripple leaves Ripple's hands

and becomes speculative material,

it could cause a sudden drop that overturns the previous gains.

If that happens, it would naturally affect

the credibility of XRP as Ripple's currency.

With this lock-up, XRP would be partially deposited, so for investors

it relieves some concerns about a major drop

to some extent.

In the last month, the movement of Ripple's price

and details about the lock-up

are summarized in an article below↓↓

Ripple can be traded on domestic cryptocurrency exchange

“Coincheck”

↓↓

Coincheck is here ↓↓

Many people investing in Coincheck's altcoins

have reported considerable profits.

I have received many such messages.

However, what is common among those who have profited is

that they study the currency’s “future potential” before investing

and then invest. I recommend that.

Many people also refer to the paid serialized articles I write.

Many readers refer to the paid articles I publish.

There are also many who find them helpful.