Currently, $2.46 .. Is it going to be <$1 in next 2-3 days? Will all non-mineable crypto face same fate?
Doubt it
You do know it was up from less than 1$ very recently. Just a little fall doesn't mean it will go down to same number as before.
My guess is banks will create their own block chains that don’t require proof of work and ripple will be worthless.
Their own chain will not be accepted everywhere. Do your homework, banks tried it before. Ripple's solution is to connect everyone's ledger with xCurrent (Interledger protocol), then with a flip of a switch, cross-border payments will be bridged with XRP.
Then which bank will be the bank with the global communications ledger? It won’t happen. Same reason companies couldn’t create a universal communication protocol to usurp smtp.
We hope but seems unlikely especially given the demand.
Big news coming on the 11th. HODL!
Ripple is worthless.
Why?
It’s not mined but it’s “printed” and they have 60B coins in escrow. Nothing stopping them from creating more. No reason why their coin would be worth so much. It’s neither a distributed currency nor a store or value. People who bought it have no real clue what it is. They just see that many big banks r involved but it’s not worth 90B. For reference that’s the market cap of Adobe and they make real money 💰
That will have a ripple effect on cryptos.
Funny guy
My portfolio won't tripple without ripple
$.02