Hi Guys,
I read alot about crypto currency and the different coins and tokens. So I stumbled upon the below article I found:
Do you believe that Ripple will go that high during February 2018 - I read another article where the author says it will never go higher than 5$ so I wonder what you guys that have a great knowledge about crypto say?
I read alot about crypto currency and the different coins and tokens. So I stumbled upon the below article I found:
IMO, this cryptocurrency will be at $20–$25.
The total money in the banks all over the world is estimated around 5–10 trillion USD. If we apply the 20–80 rule, say 10% to 20% of that money is invested in ripple, the market cap of it will be around 1–2 trillion. I start from 1 trillion, and we all know the market cap now is around 40 billion. Do a simple math, the right price of this cryptocurrency will be $25.
The reason why I mentioned about the money in banks is that Ripple mainly support for banks and financial institutions. Logically, they need a good weapon to fight against other giants such as Bitcoin and ETH in term of money transaction. Moreover, the fast speed of transaction which is done by Ripple are extremely impressive for me.
At the moment there are more and more banks and financial institutions which are applying Ripple network, and I optimistically believe that at least 50% the money which banks are holding now will be on Ripple in the future. So the end price of Ripple will be around $50 to $100, and this is a good choice if you really want a long term Investment.
Do you believe that Ripple will go that high during February 2018 - I read another article where the author says it will never go higher than 5$ so I wonder what you guys that have a great knowledge about crypto say?