BRICS Plans Gold-Backed Currency Launch by September: Potential Boost for Bitcoin and XRP Saudi Arabia will sell oil in local currencies, moving away from the US dollar after 50 years. The decision could drive Bitcoin and XRP prices to new.
2 days left before I announce the airdrop website!
BTC and other cryptocurrencies will have bullish move for this month. Iâm expecting BTC gonna cross 100k soon.
Best coin I suggest to buy-
High value coins (Less profit & less risk): BTC, ETH (skipping BNB right now.)
Medium value coins (Medium profit & less risk): DOT, LINK, UNI.
Low value coins (Huge profit opportunity as always but high risk): ID, IQ.
Low value coin (Good profit and mostly stable): TRX, XRP.
I suggest you to sell:
Scam coin: STRK and all newly launched coins that has very low liquidity now.
News: Isrealâs apartheid government is trying to get Iran involved in the war. US government still fuelling Isreal with deadly weapons. So good chance that war will be ongoing. Means we gonna see huge bull move on crypto market.
On the other hand, Palestine is getting recognised by many countries. Soon it will be an UN member. International court gonna investigate IDF actions and war crimes. US universities and universities worldwide, students are protesting against the Genocide. Last similar protest was against genocide on war at Vietnam. So there is also a chance the war will stop. Then world will be peaceful for while. That case we will see a bear market on crypto. (Temporary though, as people know USD is not a reliable currency now.)
BTC halving is already started affecting the market. BTC price will be double in few years.
Regarding airdrop, nothing to rush. The airdrop website will be available until the lunch of the actual project and coin. Anyone who tipped me 1$ or more will be able to get airdrop instantly.
Anyone who donated Palestinians through reliable agencies / fund raisers will receive airdrop as well.
There will be no post after this post and before the airdrop announcement post.
This is the story of how on May 22, 2010, programmer Laszlo Hanyecz ordered two pizzas, paying 10,000 $BTC , which was a negligible amount at the time. Now, those #bitcoin would be worth around $670 million. It's the famous tale of the most expensive pizzas in history! đđ°
An XRP Rise to $1,000 Based on a $1T Cross-Border Payment Volume?
A recently surfaced sheet projects an XRP price increase to an audacious $1,000 value, factoring in a daily cross-border payment volume of $1 trillion.
XRPâs utility in cross-border payments, especially as utilized in Rippleâs On-Demand Liquidity product (now Ripple Payments), has contributed to the bullish sentiments surrounding the cryptocurrency among market participants.
XRPâs Utility in Cross-Border Payments This utility has caught the attention of multiple payment entities over the years. Last December, a JPMorgan report mentioned Ripple and XRP as entities that could help unlock the $120 billion trapped in cross-border payments. The Crypto Basic also revealed in November 2023 that Grayscale highlighted XRP as a potential alternative to SWIFT in cross-border settlements.
In addition, The American Institute of Physics, the IMF and the World Bank also spotlighted XRPâs utility in cross-border payments in different reports. Interestingly, even SEC Chair Gary Gensler previously acknowledged XRPâs advantages for use in cross-border payments over traditional fiat currencies.
With this utility recognized by the general public, investors believe XRP is massively undervalued, projecting an imminent price explosion, especially on the back of a growth in the cross-border payment sector. Citing the Bank of England, Ripple noted in its 2023 New Value Report that the cross-border payment sector could witness a $250 trillion in volume in the next three years.
With this projection expected to materialize, pundits argue that XRP would need to soar way beyond its current price below $1 if it captures a fraction of this volume. Mason Versus, an XRP community figure and founder of Gold Squad, presented a sheet last August of hypothetical price requirements for varying cross-border payment volumes.
An Argument for a $1,000 XRP Price Market analyst EGRAG recently called attention to the document, lending credence to its content. In the sheet, the analysis evaluates what XRPâs price would need to be for XRP to cater to different daily cross-border payment volumes.
At prices ranging from $100 to $500, XRP could sufficiently handle daily payment volumes from $1 trillion, but this price becomes less feasible at volumes from $6 trillion to $20 trillion. This is because XRPâs circulating supply of 55 billion would not be sufficient for the amount of XRP tokens needed to handle these volumes.
Recall that finance pundit Shannon Thorpe previously argued that XRP would be undervalued at $500 if it locked in a portion of the projected $250 trillion cross-border payment volume.
Versluisâ sheet proposes that XRP would only sufficiently address daily payment volumes ranging from $1 trillion to $20 trillion if its price is at least $1,000. At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume.
For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301. With this price potentially pushing XRPâs market cap to an unimaginable $55 trillion, some industry commentators have strongly expressed doubts.
Moreover, some have pointed out that a $1 trillion daily cross-border volume is a difficult task for XRP over the next ten years and beyond. For context, the entire global cross-border volume stood at $150 trillion in 2022, representing an average of $410 billion volume a day. A $1 trillion volume would be more than double this figure.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Binanceâs opinion. Readers are encouraged to do thorough research before making any investment decisions. Binance is not responsible for any financial losses.
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