Ripple (XRP) Will easy hit 1$
Maybe not "easy", but its possible in next couple months.
1$ for Ripple means it will have 50% more market cap than Bitcoin has right now (1550$, 25b$)
Its possible if banks start investing in it. But definitely not in the next months. Maybe at the end of 2018, who knows.
Lets break this down a bit.
If you look at just one bank they trade so much money everyday. 25 billion dollars could be done by 1 bank itself easily by the end of 2017. Now we throw in over 80+ banks that are on board with ripple, Ripples market cap could go insanely into the billions if not trillions just by the fact that nobody is gonna spend more money than banks.
Right now you have a market cap for bitcoin and altcoins that no banks have really spent any money on. In fact most of it has all been some businesses or regular users turned millionaires years ago on bitcoin.
In Canada alone the Central Banking system adds 500 million dollars per day in debt in a country of 35 million people. That amount of money just from the Canadian central banking system, which is actually our private banks printing money for us similar to the federal reserve system in the United States of America, could surpass 25 billion dollars in 50 days. And that's just Canada.
We have Banks from all over the world interested or on board. Japan seems to be fully on board across 40 banks and SBI now.
25 billion dollars is going to be laughable once the banks get involved with Ripple.
If just Canadian Banks could surpass Bitcoins market cap easily, what about the banks from the rest of the world as well that are also on board? 25 billion will be surpassed a lot faster than people would expect.
I believe it could get very close to that just with SBI in Japan starting in the summer maybe by the end of 2017 maybe not surpass Bitcoin, maybe though, but it will get very close I think but for sure way more than there is now.
+1 m8
Its all about the use case/s , market size of the use case/s and speed of adoption by the aimed markets.
XRP has the best crypto use case/s, aimed at biggest finance markets in the world, and they are adopting fast.
Remember by end 2017, the XRP tech will just be at the begining of its journey to the real world ( we are yrs ahead of the curve )
The real world is when our friends and family tell us they see ads on tv and on every bank window...that they can send money abroad instanly from their mobile phone.
Many wont even know XRP tech exisits ever, but will use their online banks new faster,cheaper and secure options.
Also i think the supply of 100bill is misunderstood.
Alot of the supply will be and has been bought and will never be sold as banks hold it as reserve. Some will be tied up into smart contracts, some will get burnt.
We could end up seeing a few bill XRP on the market for sale in the near future, then as time passes a few mill XRP.