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/biz/ - Business & Finance

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51104752 No.51104752 [Reply] [Original] [archived.moe]

Alright.... i'll bite. What is going on with XRP? Why is it pumping while the markets are crashing?

>> No.51104789

Because it's the standard

>> No.51104802

Zoom out

>> No.51104846

Because market manipulation anon. Why do you think Polygon (ticker: MATIC) isn't #3 yet when it has #3 tech? That's just the way it is right now.

>> No.51104875

Squeeze shorts then dump.

>> No.51104888


go away pajeet shill

>> No.51104945

Forbes did an article attacking Gensler because of the Ripple case. The elites want things finished up.

>> No.51104954

>I'll bite...
... The dust.

>> No.51105039
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Go into csc now far maximum gains

>> No.51105341

>why is the fastest and best technology on the financial planet pumping ahead of collapse

>> No.51105348

>#3 tech
>pooling transactions like a teenage who collects money and buys the pizza
Matic is an embarrassment, obvious, and only necessary because ETH is horrible and Gary Gensler.

>> No.51105525

it's on

>> No.51106236


XRP to $37500

>> No.51106779

SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per XRP, and this is assuming that SWIFT owned all the supply.

XRP will handle much more than SWIFT; it will eliminate the need for nostro accounts (worth $27 trillion), tap into the $2.7 quadrillion global transfer market, as well as interact with other blockchains and technologies. In other words, if XRP’s price was low, it wouldn’t be able to handle the trillions/quadrillions within its 100 billion coins.

XRP will likely be pegged to precious metals and/or a basket of assets to make the price even more stable and liquid over time, likely by governments, central banks, and institutions like the IMF.

Market cap is the multiplication of last trading price x circulating supply.

In other words, someone could create a coin with a 100 billion supply and buy a few of the coins for $11 dollars and its market cap would exceed a trillion dollars. Does this mean that a trillion dollars have been pumped into the coin? No, not even a hundred dollars, yet its market cap is over a trillion. This simple example illustrates how naïve market cap discussions are when it comes to crypto.

XRP’s price will be determined by utility, not by market cap. For example, SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per coin, and this is assuming that SWIFT owned all the supply. XRP is going after more than just SWIFT, it is going after a $2.7+ quadrillion market. Market cap means nothing.

>> No.51106940

nigger will you ever shut up?
stop spoon feeding the wrong barf

>> No.51106967

plz buy my bags

>> No.51106976

are u niggers dense its behind eth still lmfao

>> No.51107004

do you think we could see triple digits?

>> No.51107449


>> No.51107782

With a decimal place, yes of course.

>> No.51109385


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