The same people that think Bitcoin can reach $100k++ are the same people that think Ripple cant go beyond $1 because market cap this and market cap that. Its ok for Bitcoin to go up 10x in market cap, but for Ripple to reach the same market cap (which will put Ripple at $55) well thats just «impossible». Sarcasm.
Logic goes out the window whenever the potential for a coin they dont own is discussed. People are just biased.
The very same people that said Ripple was overvalued at $0.20, yet here we are are $1.20 and still going up....
To OP: Forget about anyone claiming a future price based on whatever market cap argument they try to present to you. They dont understand what they are talking about and no one here can ever predict the price of Ripple in the future. My best advice is that it will continue to rise. Hopefully to a much higher value
Lol, im holding ripple too, but i'am realistic.
Ripple can never reach over 10$, not only because of the total Supply, another point is, why would a Bank use it then ?!
Banks use XRP for fast international transactions and because of that it is cheap, so why should a Bank use XRP when it hits 10$ or more ?!
I think, Ripple is always going to be 1-3$ Max 5$, but not more.
See you are repeating the same false argument again.
«It can never reach over $10 because of the total supply»
Thats just another market cap argument. Its not applicable to Ripple or any coin today. Market cap isnt a fixed number. Its dynamic as hell. Money is pouring in and out of cryptocoins all the time which changes the market cap from day to day
An example: Say XRP reach $20 in value. A bank use XRP to do a transaction to a customer. 1 XRP is divided in to something called «drops». 1 transaction use 1/1000 of a XRP. Meaning the bank can do 1000 transactions before that XRP they bought for $20 is destroyed forever.
So in our example it will cost the bank $20/1000 = $0.020 to do a transaction. Thats virtually free. So much less than the cost for banks to do their everyday operation today. Which is why Ripple will be the gold standard.
So its actually in banks and Ripple’s best intention to get XRP to cost as much as possible because it can do so much before it is destroyed, plus high price removes the volatility risk a lot compared to when it cost just $1