The month of October this year is crucial for a couple of things – one of which is the upcoming Ripple conference hosted by Ripple Labs, described as the annual gathering of the “world’s most trusted voices across financial services, payments, technology and policy” on many best cryptocurrency news sites.
As you probably know if you are reading our daily crypto news, the conference is named Swell and will be dedicated to the future of the payments industry and will offer a spotlight on Ripple’s native XRP cryptocurrency token. The upcoming Ripple conference, as many times before, will likely lead to a strong pump in the XRP price too, according to many analysts out there.
However, many are asking if the history can repeat – and will repeat this October. Starting in 2017, Ripple Labs has been hosting annual conferences each year named Swell, focused on the payments industry. The voices include many leaders in both the finance and the technology space, speaking about the coming altcoin news, the future of tech, innovation and a lot more topics.
In the previous years, the event has attracted leaders such as Sir Tim Berners-Lee who is seen as the inventor of the World Wide Web (WWW) as well as the former Fed Chairman Dr. Ben Bernanke. The upcoming Ripple conference will gather even more voices and will be an equal opportunity for people who want to learn more about the space – and the investors and traders looking for more insights.
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As noted in the latest cryptocurrency news by a crypto analyst named Pierre, the past years have seen as “an easy and profitable long” opportunity as the price rocketed in the days ahead of the event.
Are we going to see a "Sweel Pump by Ripple" this year again?
Was an easy and profitable long last year.
Keeping a close eye on $XRP for the next couple of weeks and months. pic.twitter.com/waPr1LxEgB
— Pierre (@pierre_crypt0) September 9, 2019
Still, it is also important to note that the upcoming Ripple conference comes in times of vulnerability for XRP. Historically, the price of XRP has not pumped during the conference itself, but surged as an after effect after the actual event.
With two years of considerable growth, we will wait and see what will the upcoming Ripple conference bring. What traders certainly don’t want to hear is another decline posted by Ripple and its XRP token.
In the latest altcoin news, we can see that XRP is trading at $0.2595 with a decline of 0.92% on the day.
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