Search the Community
Showing results for tags 'supply demand'.
I have been trying to work out what might be the future price of XRP and I have come up with the below. (Maths is rough) 1. USD has a market cap of USD27 Trillion - http://data.worldbank.org/indicator/CM.MKT.LCAP.CD 2. Circulating supply is around USD1.4 Trillion https://fred.stlouisfed.org/series/WCURCIR If banks accept XRP as legal tender (settlement) as per Ripple plan, Using the same ratio (27 trill divided by 1.4Trill its roughly 5%) we can say that eventually circulating supply for XRP would be about 5 Billion (5 % of 100 billion coins) Eventually if only 5% is being used as circulating supply then there is no reason why XRP wouldn't be worth 50-100+ Points to remember 1. Current supply is 38 Billion not 100 billion yet 2. I'm basing this off USD only, not including any other currency/countries. Any thoughts?