this comment and this post... in November have an idea of the utility market... and of the numbers that move...
jagprocl
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There have been a lot of videos today talking about how XRP was designed to be worth $10,000 per token, I asked Grok and this is what he told me about it:
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1. Disproportionate Market Cap: XRP would need a market cap of $570 trillion to reach $10,000 per token, surpassing global GDP.
2. Scarcity vs. Abundance: With a supply of 100 billion tokens, XRP lacks the scarcity that drives Bitcoin's value.
3. Utility and Adoption: To justify $10,000, XRP would need unprecedented global adoption, surpassing even fiat currencies.
4. Market Dynamics: Such a high price would be seen as a bubble, not sustainable by current economic fundamentals.
5. Regulation and Stability: XRP's future depends on legal and regulatory decisions, adding uncertainty to its value.
6. Competition: XRP faces increasing competition in the cryptocurrency and payments space.
7. Token Burning: Reducing supply through token burning would not be enough to justify such a price increase.
8. Market Expectations: Optimistic predictions are not always based on solid fundamental analysis.
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