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RE: RIPPLE (XRP): Ready for an EXPLOSIVE ALL TIME NEW HIGHS? Target $0.64 (>200% Profit Potential!!)
Ripley in the summer of 2018 will cost 5/10 dollars
Ripley in the summer of 2018 will cost 5/10 dollars
XRP will never be worth that much - you need to understand the use case and the economics behind XRP. It is used by the company Ripple to fund their company operations - they have 48 Billion coins locked up in Smart contracts one of each which vests each month (starting this month) and this releases another 1B coins. They can spend as many of them as they want to fund their business goals. Any that are not used will be wrapped up in another smart contract and tacked onto the end of the chain of 48. The Ripple XRAPID network is in place for Interbank transfers (trying to replace the SWIFT network). Ripple are aiming for the low hanging fruit initially such as Indonesian Rupee to Malaysian Dollar transactions and are trying to use XRP as the token to facilitate those transfers - so it becomes the currency of their network - rather than just a way to pay for their business. If this does get widescale adoption - there is no way they are going to let the price rise out of control as that is the last thing banks want when sending money
All of this info can be found on their Website, in their blogs and on their user forums
Craig
we are in a speculative market, what will happen to the price in the future, the speculators decide what the price will be ... but I agree with the facts that you publish, thank you for your opinion