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.
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.