XRP RIPPLE Great Tip!
For those of you wondering, the gentlemen who first informed me about XRP is a close friend and fellow precious metals stacker whom I trust immensely on this subject. He was/is involved with this arena long before 99.9% of you or I had ever even heard the terms "crypto" or "Bitcoin". His opinion on Ripple was enough for me to look into it myself, read about it, explore the news regarding it and make a small move and take up a position on it myself.
I threw some FRNs and quarters of copper nickel shrapnel at what I believe is sound technology, and a new way of banks moving money and settling payments. Ripple was $0.20 this morning, currently it is $0.25, I believe it will reach $0.50 and perhaps a dollar - far sooner than anything else I have will double in value. To me it was and is worth the slight risk and entertainment of it all. Never gamble with more than you can afford to lose - kiss it goodbye and hope for the best. Be alive.
With almost 40 Billion XRP in current circulation and 60 Billions more to come, don’t expect XRP to rise to $1 price point anytime soon.
XRP is on its own cycle from $0.20 to $0.30 and back down to $0.20.
It's a fair criticism but it doesn't seem that you are taking into consideration bank utilization the coin, hence taking much of it out of supply for use in transfers. Add in the global reach of their target, and you begin to understand that maybe that amount isn't going to be enough.
You are correct, however so far only one institute have decided to use XRP tokens for fund transfer, rest have only plans to use RippleNet and not the coin.
Other upside is the 50 Billion XRP Locked up in escrow.
https://steemit.com/ripple/@zen-analyst/ripple-escrow-in-action#@najarramsada/re-zen-analyst-ripple-escrow-in-action-20171208t052829284z
But still, lot of coins in circulation and in everyone’s holding. I don’t know a single person who is in crypto and does not own 100s of XRP coins.
$0.49 cents and climbing today.
Yup, let’s see how far it goes.
50% of global XRP trade from South Korea, its amazing in a way.
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