Ripple can cash out hundreds of millions per month, Really?
Cryptocurrency market has seen some solid news when Market value of Ripple exceeded Bitcoin. Ripple basically develops software for banks to control global financial settlements. Recently Ripple has become a big name in cryptocurrency market due to the price hike in its currency XRP. This digital currency was obscure by Ripple a year ago, but now has a total market value of about $130 billion.
Ripple owns about 60 billion out of the total 100 billion XRP created. Based just on these holdings, Ripple has a market value of $80 billion. The company has placed 55 billion of its total XRP in a "cryptographically-secured" escrow account.Ripple has placed a limit of releasing maximum1 billion every month, but reports show that the company has never gone above 300 million XRP selling per month.
Source
In the first three quarters of 2017, Ripple raised over $90 million by selling a tiny fraction of its holdings. This shows how much worth this company has and how much they can earn each month, definitely millions of dollars. Recent price surge of XRP has given Ripple more strength towards this value. This is why cryptocurrency analysts are very optimistic of XRP to become world's best cryptocurrency by replacing Bitcoin both in demand and market value.
One of my colleagues bought XRP at 3,25 one month ago, he is practically crying right now :) I recommend him to be patient, actually with these prices he has no other choise but wait :)
We should be carefull while entering into any crypto instead of following any news hype
Well, he was heard somewhere and came to work one day saying "i will buy Ripple". It was really high that day, me and one other friend implored him not to buy Ripple now, just wait for another week. He didn't listen of course and look at him now :) I fully agree with you, but i think this is the way most of people make their moneys, using thrilled ones' miss-directed investments.
Yes he should wait now and buy some more XRP at lower price to get better average on his buying, crypto market is stabilizing and definitely good luck for him.
I have high hopes. bought my xrp at $0.24 but have no plan on selling any time soon
Ripple looking good, everyone is holding their bags, Good luck!
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