Future of Ripple and Stratis

Bitcoin Questions and AnswersCategory: General questionsFuture of Ripple and Stratis

Divinity asked 8 months ago

Whats is the future and predictions of ripple and stratis in next three months to these time

1 Answers
Steven Hay answered 8 months ago

Hey Divinity,
 
Well, that’s a really hard question. Personally, I think Ripple is a centralized, pre-mined scam so I avoid it. You can check out Tone Vays’ Cryptoscam episode dedicated on Ripple, with Peter Todd as a guest, for further details on why I distrust Ripple.
 
That said, Ripple seems to be doing pretty well lately. Some positive bank-related news perhaps? I don’t really follow Ripple so I’m not sure of the reason. In 3 months it could do anything. Still, my belief is that Ripple is best left to the banks and avoided by the people; this is Ripple’s chosen direction so good luck to them.
 
Stratis I’ve never heard of before. It’s a blockchain that helps you build and test blockchains? I don’t get it… Not familiar with the tech or concepts here, so can’t make any solid predictions on Stratis.
 
I see from its price chart that it had a big old pump which peaked in June of this year and has been in a bear market since… Hard to say when it will find a bottom and start heading up again, without knowing much about the coin. I’d say wait for clear signals of a bottom on the weekly and daily charts before taking a small position. These signals could be in the form of a price pattern or indicator, such as a MACD cross. If it becomes obviously bullish, that would be the time to scale in. Of course, that’s a technical perspective only. I’d advise you to stay out of it unless you have good fundamental reasons for wanting to be in it.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.