November 4, 2026

Capitalizations Index – B ∞/21M

Impetus crowdsale opens 4. Jul 2018

Impetus crowdsale opens 4. Jul 2018

Impetus crowdsale opens 4. Jul 2018

Impetus crowdsale opens 4. Jul 2018

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This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to TokenMarket and TokenMarket has no involvement in it (including any technical support or promotion). Token sales listed from persons that TokenMarket has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and TokenMarket is not the seller of such Tokens. TokenMarket has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein. Please refer to our website terms and conditions.

If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact compliance@tokenmarket.net with detailed information about your concerns. Please also review our Sector Risk Warnings page here before you decide whether to commit any of your assets in respect of this product or service (or any other). TokenMarket’s association with this Token project can include providing services such as white paper review, market conduct insights, marketing and technical insights, token functionality and economics, creation and distribution of token, smart contract creation, multisignature wallet, widgets for white label implementation, PR and marketing management with customer, social media and forum management with customer, feature of client in newsletter and website. Each Token project is different and the need for TokenMarket services varies – therefore sometimes all services are not provided and sometimes additional services are requested. TokenMarket receives compensation from the Token project for the provision of the services. The exact nature of the compensation varies. Depending on project and stage of the Token Sale TokenMarket receives a fixed fee and/or a percentage fee based on the volume of the sale. The average size of the total compensation is a mid to low single digit percentage. The fee paid is paid in the currency of the Token sale or in the Token itself.

Published at Tue, 05 Jun 2018 16:06:43 +0000

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Is Ripple Price Being Fueled by Confused Investors?

Riding the wave of recent positive news for Ripple, the XRP token is roaring with a 200% price surge over the weekend as the cryptocurrency market is reaching higher highs. But is Ripple for real or is it being fueled by confusion among new investors? 


Is Ripple For Real?

Jokes were abound this weekend as the cryptocurrency industry embraced April Fool’s Day in usual fashion. Meanwhile, Ripple experienced a serious surge with its market cap soaring from $360,000 USD to over $2.3 billion.

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The price of Ripple XRP token experienced a whopping seven-fold increase in the past few days, and easily outperformed recent stalwarts such as Dash, Monero and the SegWit hopeful Litecoin in the past week. Even bitcoin, which managed to break the $1,100 barrier on news of becoming a legal form of payment in Japan, could not match yesterday’s 200% rise. 

The rise comes amid news of Bank of Tokyo-Mitsubishi UFJ recently joining Ripple’s Interbank Group for Global Payments Based on Distributed Financial Technology.

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“We are pleased to join Ripple’s Global Payments Steering Group,” said Hirofumi Aihara, General Manager, MUFG Digital Innovation Division. “…Collaborating with other members of GPSG, MUFG will contribute to the creation of standards for Ripple’s network.”

Ripple is positioning itself as a cheaper payment network, particularly for large banks and enterprises, with a much higher throughput compared to bitcoin. CEO Brad Garlinghouse explained that Ripple could rival traditional systems such as Visa with nearly 70K transactions in just 3.7 seconds and at a lower cost than bitcoin.

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However, the token might be setting up for a reality check as some believe the price surge has been fueled by a “misunderstanding.” Critics on Bitcointalk.org reacted to the meteoric rise, pointing out that Ripple, the company, is not the same as the XRP token and its Ripple Consensus ledger.

According to Ripple, its Global Payments Steering Group (GSPG) is where “leading banks are working with Ripple to reduce the time and cost of settlement, while also enabling new types of high-volume, low-value global transactions.”

By coming together to form the GSPG, these banks are laying the foundation for a new payments network, underpinned by Ripple’s solutions and supported by rules and governance for global settlement.

In other words, new demand for the XRP token could merely be speculative at this point as banks would be able to bypass transactions on the Ripple Consensus Ledger with their own Ripple-inspired platforms.

The commentator also noted:

Check the volumes, [Poloniex] currently stands for $150M+ volume, RCL only 20. What now is happening is a pump, driven by people misunderstanding the news.

The Rise and Rise of Cryptocurrencies

Overall, April is getting off to a hot start for cryptocurrencies as the total market capitalization is now a record $27 billion. It has been on an uptrend, particularly accelerating as of late following the rejection of the COIN bitcoin ETF in mid-March.

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Though Bitcoin price has remained relatively stable oscillating between $900 and $1,200 amid scaling uncertainty, its overall dominance of the market has seen a huge drop from 84% to 68%.

Nevertheless, while the rejection of the first ever ETF might be seen as a setback for bitcoin to some, the media attention received in the run-up to the decision appears to have attracted new investors to the crypto space as a whole.

What is the real cause for Ripple’s price rise? Is bitcoin waning dominance a temporary phenomenon? Let us know in the comments below!


Images courtesy of coinmarketcap.com, Shutterstock, twitter, MUFG 

The post Is Ripple Price Being Fueled by Confused Investors? appeared first on Bitcoinist.com.