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$XRP
I am posting this once for everyone who doesn’t understand the cult following behind XRP.
XRP is rumoured to be worth thousands of dollars. Many people believe this is not possible due to the large amount of circulating coins. However, some people keep their coins in cold storage. This takes them off the market. If enough people do this there can be a supply shock and Market Cap won’t matter at that point…
Fast forward to today and the recent pumps…
Banks all across the globe have been rumoured to be interested in keeping some XRP on them as a reserve (cold storage). If this happens the amount of XRP actually available for trade would be significantly reduced. Lower supply, the same or increasing demand, what happens to price?
Everyone always cries about “Market Cap would have to be 4, or 40, or 400 Trillion, or whatever, blah blah blah.” That actually isn’t the only factor.
Do I believe this will actually happen? I’m heavily invested in XRP but I am also extremely diversified across the rest of the ALT coin market. I believe in the short and long term success of this coin especially with the way their CEO carries himself, presents himself, and his unapologetic manner. He seems like a winner.
I will be securing partial profits at 5$ and DCA out of my position for there, it would be very hard for me to NOT sell my whole bag at 10$ however I will NEVER sell ALL my XRP.
Do with this information what you wish.
I am posting this once for everyone who doesn’t understand the cult following behind XRP.
XRP is rumoured to be worth thousands of dollars. Many people believe this is not possible due to the large amount of circulating coins. However, some people keep their coins in cold storage. This takes them off the market. If enough people do this there can be a supply shock and Market Cap won’t matter at that point…
Fast forward to today and the recent pumps…
Banks all across the globe have been rumoured to be interested in keeping some XRP on them as a reserve (cold storage). If this happens the amount of XRP actually available for trade would be significantly reduced. Lower supply, the same or increasing demand, what happens to price?
Everyone always cries about “Market Cap would have to be 4, or 40, or 400 Trillion, or whatever, blah blah blah.” That actually isn’t the only factor.
Do I believe this will actually happen? I’m heavily invested in XRP but I am also extremely diversified across the rest of the ALT coin market. I believe in the short and long term success of this coin especially with the way their CEO carries himself, presents himself, and his unapologetic manner. He seems like a winner.
I will be securing partial profits at 5$ and DCA out of my position for there, it would be very hard for me to NOT sell my whole bag at 10$ however I will NEVER sell ALL my XRP.
Do with this information what you wish.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.105
+0.15%
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