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The Rise and Fall of Ripple is a Case Study in Mass Hysteria

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The Rise and Fall of Ripple is a Case Study in Mass Hysteria

Through late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its rise. Now the dust has settled and the hype dissipated, a retrospective reveals the mass hysteria behind the rise and fall of ripple.

Also read: Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers read more

Android

Survey: Indians See Brighter Crypto Future than Americans

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Survey: Indians See Brighter Crypto Future than Americans

Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that most people will be using cryptos in the next decade, compared to 45% of the US respondents and 47% of the Russians. Indonesians are the strongest believers with 74%, way above the average of 69%. Japan is third (66%), while the Brits are the skeptics of the bunch (44%). read more