Ripple, the company, and XRP, the coin, are both on a serious tear. How serious? Let’s give you a few points about this, ahem, Ripple Effect. (I’m here all week.)
1. It’s made us question various portfolios.
Yeah, yeah, we talk about the #BRED Portfolio quite a bit here. In fact, we were gonna write about this very subject on Sunday morning, before we got sidetracked. Here’s the Excel chart we were going to share.
And here’s that same chart, but updated with today’s numbers (pulled around 8 p.m. CDT, May 17, from Poloniex, USDT trades).
$10,000 in our basket of Bitcoin, Ripple (XRP), Ethereum, and Dash would yield more than $206,323.19 today. IN FACT, a $2,500 investment in RIPPLE on January 1 would be worth $154,270.04 today.
How much portfolio weighting and shifting should one do after an exercise such as this? Remember, we entered this HYPOTHETICAL portfolio on January 1 with four coins that were each equally weighted.
So we did the math: re-weighting the portfolio on April 1 would have given you 115,000+ coins/tokens of XRP. That, using the above math – VOLATILITY, BABY; the numbers keep shifting as we type – would give you more than $46,000. In XRP alone. (Whole portfolio? Went from $10K to $57,000.)
2. It’s made us wonder…why it’s so special?
I had to – literally – “STOP THE PRESSES” when I saw this article from Logan Kugler on the Huffington Post website. It’s awesome; there’s no sense in my trying to explain what he explains so well. Here’s a link:
To wit: they’re going to take out SWIFT. Next year? No. Ten years from now? Maybe.
AND the article does a great job of walking us through the differences between Ripple (company) and XRP (the coin).
3. It’s made us look for…the next Ripple.
The thought of having any asset that goes from half a cent to 40 cents makes any trader drool.
We had been working on a post we were calling “The Next XRP?” and then we had to stop writing the post because, well, the next XRP is actually XRP.
That’s not a fair answer to the question, though. Is there another company with technology like Ripple AND a coin like XRP? We don’t think so. (Re-read Logan’s article for the down low.)
However, is there another coin that could go from less than a penny to 40 cents, or beyond? Sure. (Don’t worry, we’re working on that blog post.)