XRP target price
Hi everyone,
I realize some on this forum might think this is off topic, but as cryptocurrencies are becoming more and more mainstream on wall street, I thought some on this forum might have good insights about this and are willing to share. Especially, I'm interested to hear from those who have experience in cryptocurrency trading.
Given the ongoing Ripple/SEC court case, what is your prospective on the likelihood of a favorable ruling for Ripple? And more importantly, what's the risk/reward profile right now for someone who is considering an investment (ok trading)? On the one side, it appears to me that a favorable ruling could trigger a ripple effect (get it?) that would include relisting on major exchanges and could potentially lead to 5-10x gains, on the other hand, a negative ruling could bring it down substantially, but that did happen earlier this year and it somehow came back strong.
XRP doing a 5x would mean it would have a greater market cap than ETH and a 10x would mean that it would become the biggest crypto with a market cap equal to 173% of BTC's current one, you're delusional.
Ah, you must be one of those who have been (rightfully?) saying crypto will go down to zero since 2010.
I'm all in on crypto, but believing that XRP can beat BTC and ETH proves you know little to nothing about the dynamics of crypto markets.
Ripple is not going to blow past both Ethereum and Bitcoin on the heels of an SEC ruling lol almost nobody in the space gives a flying fuck what they say/think. You need to read a lot more about crypto if you think that's an even remotely reasonable expectation.
Basically there is no way to properly value any of these cryptocurrencies, what you're left with is the historical trends and relative valuation among the coins. Most important of all, you need to realize that it might all go to zero the next morning before you get your coffee if you want to invest in any crypto.
Now any savvy crypto investor remembers when XRP basically reached ETH market cap in 2017/18 (talking about float/circulating supply only!!). If that repeats that would already be an 8x gain.
That would be assuming ETH/BTC stay where they are now with ZERO (0) gain for the foreseeable future. For the guy who is all in crypto that's a pretty bleak future...
So.. to say that say 5x is not remotely possible is basically inconsistent with the historical pattern. Again not saying it's GOING to happen but definitely it's not any crazier than where Crypto in general is trading right now.
Lol what? Are you seriously saying there is a chance that crypto will go to zero?
I do like your point that nobody gives a duck what sec thinks here, perhaps partially due to the international aspect
Pretty clear cut case that ripple is a security and this was an unlicensed security offering. Given what the sec has recently said about crypto, expect the hammer.
also on a personal level, the guys who run ripple are the sleeziest human beings. Have zero faith in them or ripple ever becoming a legimtate product
I loosely follow the case, but if the recent Coinbase / SEC square up over their lend product shows anything it is that the government is likely to be more harsh if anything.
Isn't Ripple a centralised scam-coin? It goes against the whole ethos of crypto (decentralization).
Voluptas non praesentium quia distinctio molestiae ratione. Sed qui aut laboriosam quo dolorum et deleniti. Vel eum explicabo deleniti. Cupiditate aut est ipsa eos. Quod et praesentium dolor distinctio ut quibusdam numquam.
Voluptatem voluptatem ut odio fugiat. Unde dolores eaque eos placeat facere deleniti. Velit in reiciendis ut officiis quaerat rerum eos. Qui explicabo aspernatur eveniet aut deleniti cupiditate.
Iste officia reprehenderit qui a aut hic. Odit esse modi nam et. Vero nihil aut culpa ullam error aut. Magni voluptas voluptatem est adipisci aut eaque aliquam ipsam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...