Hey everyone, it’s Finance Fridays… and I forgot it was Friday. I’m not sure how this happened. Needless to say, I don’t have a post ready, so I’ll just leave you with this “Ripple… To The Moon!”

Ripple – To The Moon!

For those who don’t know what I mean, just look at this:

Ripple CoinMarketCap 12-29-2017

You might think this is not that significant… but you may have missed that this chart is only for one day. Ripple went from ~$1.50 to almost $3.

More importantly, it usurped the #2 position from Ethereum. As I write this, it’s current market cap is hanging just shy of 100 billion. That’s kind of ridiculous considering Bitcoin’s market cap is $225 billion. Additionally, Ethereum was sitting around $70 billion only since the beginning of December or so.

Overall, it was just a crazy last 24 hours for Cryptocurrency.

You may remember that I included Ripple in my prior post about The Four Pillars of Crypto Gambling in both my friend’s CREST and my RISC portfolios. So, if you happened to buy some Ripple recently, you made pretty significant gains.

Just remember though: Cryptocurrency is still gambling. Only play with what you can afford to lose.

Mark Cuban said it best:

Everyone is a genius in a bullmarket. Stocks, Bitcoin, Gold, etc. Always understand the risks. https://t.co/szfUzPkUR2

— Mark Cuban (@mcuban) November 27, 2017

TL;DR

Ripple… To The Moon!

Cryptocurrency is still gambling. Only play with what you can afford to lose.

“Everyone is a genius in a bullmarket.” – Mark Cuban

-Sensei

Agree? Disagree? Questions, Comments and Suggestions are welcome.

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