Concerns about XRP's actual market cap

Igor.J

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Quote from: kenzawak on January 24, 2019, 12:40:35 PM

XRP Market Cap May Be Overstated by Billions, Messari Report Estimates

https://twitter.com/MessariCrypto/status/1088481657043255296

"Exclusive report: We believe Ripple’s $XRP market cap is likely overstated by $6.1 billion based on inflated circulating supply numbers.

Read our summary and methodology: https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion … …

Newsletter subscribers can access the full report through that link."

There is nothing to fear for the XRP, a good and stable coin with a future, which cannot be said about the ether that is starting to die off. Banking is a good partner, and above all there is always money.

marks1976

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Quote from: Branko on February 05, 2019, 07:40:49 AM

Quote from: btc_angela on February 05, 2019, 07:37:10 AM

Quote from: Cnut237 on February 05, 2019, 03:16:59 AM

I wouldn't be concerned. XRP has a very strong use-case, and crypto marketcaps and prices are volatile anyway. XRP remains one of the best coins. I don't think we'll see a price crash based on questionable circulating supply.

It might not crash because of the manipulation from behind. Of course everyone should look at coins circulating supply because this is one factor that can easily "predict" the price in the future. But how can you see the price down the line when their's no fix supply and can be overstated by billions of dollars?

Even your dear CMC says that XRP has fixed maximum supply, and its even (unlike lets say BTC) deflationary, burning amount of XRP equal to transaction fee

It has but a lot of percentages of the supply still holding by the company right now. The rest will be dumping by the company in the future. The manipulation is about the current marketcap was including all of the supply that still hold by the company.

Dreamchaser21

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Quote from: damberg on January 24, 2019, 03:43:01 PM

I haven't read the report you linked but XRP is vulnerable to such manipulation due to its centralization. Moreover, I would bet there is more of coins that artificially inflate their supply to reach higher market cap.

Manipulations is really happening with XRP but still many banks do adopt the system maybe because they see a great potential for XRP and of course they are really enjoying the technology of XRP. Billions of overstated is not a joke, but I know they will not admit that so do invest with extra care.

Branko

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Quote from: btc_angela on February 05, 2019, 07:37:10 AM

Quote from: Cnut237 on February 05, 2019, 03:16:59 AM

I wouldn't be concerned. XRP has a very strong use-case, and crypto marketcaps and prices are volatile anyway. XRP remains one of the best coins. I don't think we'll see a price crash based on questionable circulating supply.

It might not crash because of the manipulation from behind. Of course everyone should look at coins circulating supply because this is one factor that can easily "predict" the price in the future. But how can you see the price down the line when their's no fix supply and can be overstated by billions of dollars?

Even your dear CMC says that XRP has fixed maximum supply, and its even (unlike lets say BTC) deflationary, burning amount of XRP equal to transaction fee

btc_angela

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Quote from: Cnut237 on February 05, 2019, 03:16:59 AM

I wouldn't be concerned. XRP has a very strong use-case, and crypto marketcaps and prices are volatile anyway. XRP remains one of the best coins. I don't think we'll see a price crash based on questionable circulating supply.

It might not crash because of the manipulation from behind. Of course everyone should look at coins circulating supply because this is one factor that can easily "predict" the price in the future. But how can you see the price down the line when their's no fix supply and can be overstated by billions of dollars?

Branko

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Quote from: slaman29 on February 05, 2019, 06:15:15 AM

Quote from: Branko on February 05, 2019, 05:39:33 AM

Forbes disagrees:

https://forbescrypto.com/crypto/xrp_xrp

But of course, Forbes is the benchmark in all things crypto, isn't it? You do know that Forbes is a glorified financial publication, they call it vanity press, because you're just showing off to be put in there. They've listed even druglords and ponzi owners in their pages, just because someone paid them to publish their pictures. You don't believe? Ask a PR company how much to get printed in Forbes.

I bet you'll say same about Yahoo and numerous other sites, just because they ruin your predetermined view?

https://finance.yahoo.com/cryptocurrencies/

slaman29

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Quote from: Branko on February 05, 2019, 05:39:33 AM

Forbes disagrees:

https://forbescrypto.com/crypto/xrp_xrp

But of course, Forbes is the benchmark in all things crypto, isn't it? You do know that Forbes is a glorified financial publication, they call it vanity press, because you're just showing off to be put in there. They've listed even druglords and ponzi owners in their pages, just because someone paid them to publish their pictures. You don't believe? Ask a PR company how much to get printed in Forbes.

Branko

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Forbes disagrees:

https://forbescrypto.com/crypto/xrp_xrp

Cnut237

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I wouldn't be concerned. XRP has a very strong use-case, and crypto marketcaps and prices are volatile anyway. XRP remains one of the best coins. I don't think we'll see a price crash based on questionable circulating supply.

lllaqpt

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Bank support will be ongoing and such partners are not whales or organizations for a day. So XRP will continue to take its place and produce a profit.

eagle10

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Quote from: kenzawak on January 24, 2019, 12:40:35 PM

XRP Market Cap May Be Overstated by Billions, Messari Report Estimates

https://twitter.com/MessariCrypto/status/1088481657043255296

"Exclusive report: We believe Ripple’s $XRP market cap is likely overstated by $6.1 billion based on inflated circulating supply numbers.

Read our summary and methodology: https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion … …

Newsletter subscribers can access the full report through that link."

If XRP is overstated as reported, then holders of this coins are a little bit afraid that the price will get down to its real value because market cap is wrongly reported. I am not a believer of XRP but if XRP is trending the news like that, I will be hesitant to hold and store it/
For the time being, I will sell some of it, that's my opinion.

jossiel

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The total circulating supply of XRP is around 40-billion if the time will come that it's market cap will reach $6.1-billion. I'm very much interested to know on how much bitcoin's worth and total market cap for the whole market by that time.

Quote from: damberg on January 24, 2019, 03:43:01 PM

I haven't read the report you linked but XRP is vulnerable to such manipulation due to its centralization.

I have no idea on how much of its supply the dev team of it holds but that's also the rant of other investors that doesn't like XRP, they are centralized.

damberg

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I haven't read the report you linked but XRP is vulnerable to such manipulation due to its centralization. Moreover, I would bet there is more of coins that artificially inflate their supply to reach higher market cap.

kenzawak

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XRP Market Cap May Be Overstated by Billions, Messari Report Estimates

https://twitter.com/MessariCrypto/status/1088481657043255296

"Exclusive report: We believe Ripple’s $XRP market cap is likely overstated by $6.1 billion based on inflated circulating supply numbers.

Read our summary and methodology: https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion … …

Newsletter subscribers can access the full report through that link."

Topic: Concerns about XRP's actual market cap (Read 187 times)