So Ripple, the company, encourages using XRP, right? Then if this company is having success and many famous banks want to work with it, XRP, the coin should be successful too.
IMO it would be right to say that XRP and Ripple are different things only if there was no connection at all between the two.
Think about it this way:IMO it would be right to say that XRP and Ripple are different things only if there was no connection at all between the two.
Ripple holds over 60 billion XRP. Given the way that's being escrowed, Ripple will almost certainly be the largest holder of XRP for the foreseeable future. For every penny the price of XRP goes up, the notional value of Ripple's XRP goes up by six hundred million dollars. Ripple can only materialize that value for its shareholders if that value and liquidity are preserved over the next several years.
Sure, Ripple makes money by selling software to banks. But how many banks do you think Ripple would have to close to make six hundred million dollars in license/support fees? That would equal the value of a sustained one cent increase in the price of XRP.
Thank you very much for your explanation!
As an employee of Ripple what can you say on the predicitions about the XRP price this year? Some say it can be $1 or $2, while others say that holders should sell now before it's too late, at $0.26. What do you think?
Hold! There is a reason why they hold 60 billion XRP. They still will hold it until they know its going to make them rich. A lot of those users who dumped because they listen to all those who said its centralized has weak hands. Its going to be big loss for you if you sell now.
I agree with you, I personally think that Ripple can reach $2 this year, but I wanted to see a reply from an employee of Ripple. I think they know much more than we do in this field. I think if he'll say $2 this year is unrealistic then it's unrealistic indeed.
