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/biz/ - Business & Finance

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24343908 No.24343908 [Reply] [Original]

how can XRP ever hit $100, let alone $1000 if the circulating supply is so fucking huge. That makes no sense. If it hit 1000 that means its market value would be 1 trilion?

>> No.24343926

How new are you?

>> No.24343944

Ethereum has an unlimited potential supply dumbass

>> No.24343945

>>24343926

this tbqh

>> No.24343946

>>24343908
It won't.

>> No.24343966

>>24343908
it's a meme you retard.

>> No.24343994

>>24343966
whats a meme?

>> No.24344079

>>24343908
if i have two pieces of shit and sell one in 10k the market cap of my two pices of shit is 20k if i sell the second piece of shit on 5k the market cap of the 2 pieces of shit is 7.5 k why dont you get this fucking imbeciles.

>> No.24344126

>>24343994
it's a meme that people claim it's going to hit 2k. It's going to hit like 5 bucks this year, and if it's really crazy, in the next couple years maybe it'll tip into double digits. it's not possible for it to be 2k

>> No.24344204
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24344204

>>24344079
This. Market cap is just the current price times the circulating supply. Investors don't need to put into the USD equivalent to achieve a mcap of that value. All that needs to happen is for people to agree upon a price for XRP. While market cap is a fine gauge for generally accepted value/market dominance, it doesn't mean much more than that. Sure, it is unlikely that it will reach a market cap in the hundreds of trillions, but if people woke up one day and decided to start trading XRP for 2000 dollars, the mcap of XRP would adjust accordingly. I don't know why I'm spoonfeeding brainlets but here is your explanation.

>> No.24344294

>>24344204
i agree ..i dont need xplanation its all about how much is buying at what price ,people is investing on something they dont know thats why crypto have wild price movements. Based on this its perfectlly plausible XRP 2000k EOY

>> No.24344348
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24344348

Have you heard about duckdao.io?

Wanna play their Hunters season but hard to decide is it good or not.
Please, take a look and share your thoughts/opinion

>> No.24344868

>>24344294
he was mentioning op

>> No.24345789

>>24344126
here between us, you know thats bullshit

a test on the ledger, with just a few thousands of transactions per second, drove the price to 70 cents when it was most active


when there are billions, if not trillions, going through the ledger, you seriously expect it to not hit insane amounts?

what do you think went through the head of the ripple team when they designed the coin and the market cap?

do you really think they did that thinking there wasn't gonna be enough demand for the whole supply?

im not even bumping this thread, it's nice to FUD people out of their wealth, but be real here, this is likely gonna blow, even companies you wouldn't imagine is in on ripple.