Ripple

Can Ripple be the first altcoin to reach a $100B market cap?
Sitting at $83B at present.
 
Was an arbitrage opp available Coinspot/BTCMarkets. At best it was a difference of 80c briefly when selling on BTCMarkets for $3.40 and about $2.60 on Coinspot. Mainly hovered around 50c. Managed to do 3 transactions, 1 has shown up for 25% profit, the other two haven't.

Worryingly, Coinspot website is now down so i can't track my transaction hash, but according to their FB page it will be up soon.
 
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I understand most crypto fans have mixed feelings on Ripple, but it’s way undervalued at under 3 bucks per. Look around at all the other coins going for tens, hundreds, and thousands more then ripple. How many of the 2000+ coins will become anything? My guess 5%. Two hundred financial institutions are using XRP right now. It’s #2 on coinmarket. The other top 4 coins on marketcap are sold on coin base. If the rumors are true and coin base sells Ripple, this coin will fly. Expect $25 per XRP.
 
the criticism is that its a centralised banking coin. centralisation means they can change it at any time, look at the issues in changing bitcoin. how easy would it be to expand from 21 million bitcoins? compare that to ripple or iota and changes can happen at any time. used for purely speculation its a great investment tool, agreed as soon as its listed at coinbase it will moon, just dont be left hodling the bag.
 
You do realise that a coins value is it's market cap divided by total circulating supply right? You're basically saying that XRP will have a 1 Trillion Dollar market cap (in order to be $25 per)

That's not going to happen anytime soon

If Coinbase adds it then yes I'm sure it will pump again, but I would think $5-10 per long term is probably a bit more realistic, and even that's a stretch

And let's not forget the owners currently hold approx 60% of all XRP...
 
1 Trillion Dollar Zim, is it possible they move their location? like many have been doing most of the time
when is the owner going to cash out? that 60%
when will the cannibalizing of cryptos be happening ??
just my imagination
 
Soprano16 said:
You do realise that a coins value is it's market cap divided by total circulating supply right? You're basically saying that XRP will have a 1 Trillion Dollar market cap (in order to be $25 per)

That's not going to happen anytime soon

If Coinbase adds it then yes I'm sure it will pump again, but I would think $5-10 per long term is probably a bit more realistic, and even that's a stretch

And let's not forget the owners currently hold approx 60% of all XRP...
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Maybe $25 is a bit too optimistic, but $2.50 seems so tiny compared to btc which hit 20 grand and some say it go ten times as high.
 
dozerz said:
the criticism is that its a centralised banking coin. centralisation means they can change it at any time, look at the issues in changing bitcoin. how easy would it be to expand from 21 million bitcoins? compare that to ripple or iota and changes can happen at any time. used for purely speculation its a great investment tool, agreed as soon as its listed at coinbase it will moon, just dont be left hodling the bag.
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Hmm. I thought I heard something about the coin becoming more decentralized. I thought they were going to cap the total amount or some of the XRP would be burned during transactions. Anyway I think there will be room for several cryptocurrencies, tokens, and digital assets in the new economy.
 
Cillvir73 said:
Maybe $25 is a bit too optimistic, but $2.50 seems so tiny compared to btc which hit 20 grand and some say it go ten times as high.
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$2.50 seems tiny because there is just so much damn XRP in circulation. BTC hitting 20k is because there is only less than 17M in circulation, so when the market puts over 300B into it, 20k per is just the math of it

Don't get caught up in the value per coin - it's all about % gains, which is why alts are going nuts right now because getting a coin with a 100M cap to 400M for a 4x return seems a lot easier than getting a 300M BTC cap to 1.2T for the same return
 
Ripple is pushing for identity with their transactions right? Thats what we need more of in the world, another banking network that can close you down at will.
 
jerrygold said:
Ripple is pushing for identity with their transactions right? Thats what we need more of in the world, another banking network that can close you down at will.
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yep Ripple will just be a bank that sits in between other banks. And since they are fully centralised they can increase the amount of coins/tokens whenever they feel like it.
 
Soprano16 said:
$2.50 seems tiny because there is just so much damn XRP in circulation. BTC hitting 20k is because there is only less than 17M in circulation, so when the market puts over 300B into it, 20k per is just the math of it

Don't get caught up in the value per coin - it's all about % gains, which is why alts are going nuts right now because getting a coin with a 100M cap to 400M for a 4x return seems a lot easier than getting a 300M BTC cap to 1.2T for the same return
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Think it is more about MC, look at it the same way most compare the Share market with comparative Company's. X's market cap compared to shares on issue in the same field can give a value of the comparative stock. But then, although most think that way, we ain't in Kansas any more right ?
 
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