Apparently, the difference in the price of ripple that everyone is seeing has nothing to do with the actual company or their currency. I just found out that Coinmarketcap.com has now removed the value at which coins are sold at on the Korean exchanges from the total value they credit the coin. Doing so caused a major disruption in the market. To the unknowing observer it looks like there's been a massive sell off of Ripple. Quite to the contrary, the move from the website was solely responsible for the devaluation of Bitcoin, Ethereum, and Ripple when the price fell without warning. The South Korean government has been getting more and more involved, and somehow the article I read attributed coinmarketcap.com's decision to the pressure being applied by the authorities.
So, that really puts a question in my mind. Is the value of a digital currency that easy to manipulate? I mean, we aren't talking about a few thousand dollars here. The decision dropped total market cap by 100 billion dollars. That is some very serious business right there.
On a brighter note, they are all beginning to bounce back. I also noticed that Ethereum is now outpacing both Bitcoin and Ripple. Is Ethereum going to be the next king of crypto hill? It certainly looks like it based on the direction their value is moving. One of Ethereum's founders did an interview the other day saying that many of the digital currency projects are unsustainable and that there is going to be a crash. He went on to say that the market will consolidate, and become more solidified. Honestly, it sounded like he was doing his best to jockey his coin into position to overtake the top spot from Bitcoin.