XRP bros, how do you explain the market cap problem? If Ripple moons to even $100, that’s a market cap of $10 trillion. I want to believe the digits but I need a reasonable answer to this problem.
Rational and logical replies only please
XRP
Aiden Carter
Jace Murphy
uhhh... uhh
p-peepee p-poopoo
Christian Jones
We're going over 1 trillion market cap
Carter Wright
Market cap is meaningless. I can ICO 100 billion coins at a valuation of $0.01 each. Then I can sell one coin to myself at $0.02, now the market cap has doubled with the purchase of one coin.
XRP 2K is based on banks wanting a highly liquid but stable coin. It assumes they will be heavily utilizing XRP in settlements, and therefore that there will be massive volume moving. In order to maintain high liquidity, they need to ensure large transactions don't move the order books very much. If XRP is $2K, then moving $1 Million in XRP would only involve the sale of 500 XRP, barely affecting the order books and therefore keeping the price stable. Assuming that banks hold most of the XRP sold OTC, they will be the ones to set the buy/sell wall prices. The valuation to be set is up to them.
Camden Brooks
Bank to bank transactions are $2 trillion a day so add a few more the the pic related and you could easily get a market cap of $10 trillion+.
Austin Flores
Banks aren't going to use this shitcoin
Hunter Cruz
Based.
Logan Murphy
Ripple is already bloated and has shit prospects because it is only a single use case. Ethereum is bigger but it's about to flex it's ability to perform any and all financial services. Your best bet is to go with a good lower market cap coin, or Ethereum. Even bitcoin is bloated for what service it provides (relative to ethereum)
Liam Wilson
*in order to maintain high stability, not high liquidity. The liquidity is built into its function within the banking system.
Ian Long
its the mods, who are redditors and xrp bagholders