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/biz/ - Business & Finance


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30315833 No.30315833 [Reply] [Original]

No $2000.00 schizos please unless you can explain to me how the token with billions in circulation is gonna hit 2k

I say around $8.00 if they win the lawsuit and it pumps and $100.00 by 2025

>> No.30316720

>>30315833
stay in your containment thread schizo.

Also maybe $3

>> No.30317584
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30317584

Best case, unironically probably 5k or 10k. Maybe even more. This isn't schizo it's based on the core idea behind XRP as well as economics. XRP is designed to be a bridge currency between CBDC's. So that means that best case it is "the standard", Ripple has announced they are making private ledgers for central banks. These are the CBDC's. Like XRP/Ripple or not, they have the ODL and DLT patent (which straight-up garuntees XRPL is used), tons of banks backing them, and political support. To make XRP be effective the price needs to be high, each transaction costs 1 drop which is less than a cent, and at a higher price would be like a cent. To send a million dollars would a bank rather do 1mil transactions and pay 1 million cents in fees or 100 transactions and pay 100 cents in fees. This is why XRP will be high. Take the world GPD put it on XRP boom, straight to 1k, take the derivatives market, the housing market, daily transactions at stores, boom bang budda bop 5k or 10k. The world is growing, we are moving more to a world economy. More and more people are becoming consumers, this is a financial institution built to last.

>> No.30317882

And to answer the whole how could it be worth 4 digits with billions in circ. Imagine if countries use XRP, Gold, Silver, etc. as backing for their wealth. The commoners use the CBDCs the institutions in the country have private ledgers by banks, and the international world economy is on the XRPL. it's the only blockchain capable for it. Ripple has GG Ez'd the world for the future of fintech, biz is just too retarded to see it.

>> No.30319260

>>30315833
>No $2000.00 schizos please unless you can explain to me how the token with billions in circulation is gonna hit 2k

A few ways:

>Market Cap doesn't really matter
To a degree it does, like it matters for a shitcoin that you're investing in with the hopes that it 100x. But for top 10 coins, MC doesn't matter.
"Oh no, but XRP will have a greater MC than the world's GDP!!!!!" And? If XRP is successful in what it is attempting to do, it should have an enormous market cap.

>XRPs goal
The whole point of XRP is to be used as the main form of transaction between international and massive companies. Passing billions and billions of dollars to each other. If XRP was at it's current price, or even a couple dollars, then these companies would have to send huge volumes of XRP around the world. This would cause huge volatility in the supply and price due to the amount in circulation constantly changing so drastically. Instead, if XRP was a larger value, say a few thousand, now you would only need to send 10,000 xrp instead of 10,000,000,000. Once again, the goal is to get adoption by major major financial institutions, governments, and central banks -- the types of organizations that transfer sums of money this large regularly.