Keeping in mind that the current market cap for ripple is already 80b, where do you see it going in 2018? Are 10x returns still possible in this monster?
Not even a real crypto.
Planning to get back my initial investment and let the rest ride the bubble.
Didn't the creators essentially give themselves 20% and their company like 60% of the total supply or something?
If you read up their Documentation, it is not a coin, so it is heavily overvalued as is. Some influencer will break it to masses and then it will burst the bubble to settle into more realistic realm such 10s of cents
Care to expand briefly on this? Why is it not a coin and how does that make it overvalued?
Ripple is a digital asset that represents Ripple Net, a blockchain supposed to help banks with cross-border transfers. XRP liquidity is important to it’s founders, however it is not primarily intended to be used as a currency. It’s all on their website
Considering ties the ripple team has to coinbase (being they’re both located around SF) I’d say it’s safe to bet on XRP being added in the near future inflating the price
I think people care less about market cap and more about investing in a promising coin. If XRP becomes the global reserve currency like they intend do you still think 1 trill market cap is too big? I think somethings gotta take bitcoins #1 spot eventually
What is a Reserve currency?
https://www.forbes.com/sites/ksamani/2017/12/20/the-bear-case-for-xrp-bitcoin-futures-edition/ Good explanation of how XRP can be used as a digital reserve currency. Read up on the Ripple network and how its a digital medieval banking system with XRP is the reserve currency.
Will do, muchos gracias
Thanks! Nice article analysis
What the fuck how is XRP still going up? I don't know when to cash out.
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As long as FOMO is alive it will keep going up. But it will crash eventually