Re:MoneyGram Signs Deal to Work with Currency Startup Ripple
by avenoir on Thursday January 11, 2018 @11:25AM
(#16125129)
I think the price of 1 XRP is going to be somewhere between $5 and $10, $5 being more reasonable. The time to buy in was when it was less than a cent and nobody believed it would go anywhere. On a sidenote, I believe Ripple is made primarily by banks and I think the idea was to make it as close to USD as possible. If this is in fact true, it obviously will be overvalued even at $5.
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Re:MoneyGram Signs Deal to Work with Currency Startup Ripple
by bcruddy on Thursday January 11, 2018 @11:33AM
(#16125198)
With 100B XRP eventually in circulation, $10 would give it a preposterous market cap. The current price is based on only 38B tokens in circulation.
Re:MoneyGram Signs Deal to Work with Currency Startup Ripple
by avenoir on Thursday January 11, 2018 @01:03PM
(#16126072)
1. Nothing is preposterous in crypto. 2. Yes, I said $5 is more reasonable.
Re:MoneyGram Signs Deal to Work with Currency Startup Ripple
by dumbfounder on Thursday January 11, 2018 @12:55PM
(#16125998)
That's only about 12x the market cap now. I am sure the people investing don't think it's anywhere near preposterous to have a $1T market cap.