Why Ripple, often dubbed as a 'shitcoin', continues to see significant price increases?
Why do investors keep buying it despite its controversial reputation?
Firstly, let's not ignore the fact that Ripple has made a lot of people very rich.
You might have entered the Ripple ecosystem at one income level and now you're at another.
Wealth creation is a big part of Ripple's appeal.
People see the green candles on the price charts and think, 'I'll buy some more of that.'
They hear everyone else talking about it because the price went up.
Its popularity is driven by price movement, not necessarily its utility.
Ripple's community is strong. It's made up of people who upgraded their wealth and life by buying $XRP at a very low market cap back in the day. (I did too, by the way, for those ready to insult me in the comments).
This community is a significant driving force behind its success.
The lesson here for founders is not to aim for the highest FTV price at launch.
Instead, aim for a low FTV price and create wealth with your users at the same time.
This way, you'll have a dedicated force on social media buying your stuff.
Ripple's success isn't necessarily about what it does.
It's about the wealth it has created for its users.
It's about its strong community.
It's about its effective marketing and the hype it generates.
Whether you think Ripple is a 'shitcoin' or not, you can't ignore the fact that it's making waves in the crypto world.
Its success is a testament to the power of community, effective marketing, and wealth creation.
Remember, in the world of crypto, perception often trumps reality.
And right now, the perception of Ripple is driving its success.
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