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XRP price predictions 2019: XRP/ Can Ripple reach around $10 by end the year – Ripple News Today


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16 minutes ago, borntohypetothemoon said:

$10??? current price is $0,319032... It IS impossible guys, let's be realistic a bit 

 

 

It's very important to understand the concept below. It'll take 3-5 minutes to read & comprehend, and it will have an indelible impact on your perspective:

 

Most coins are locked up, I'd go so far as to say 95% of XRP are out of the market's reach, and therefore do not contribute to supply in the context of determining value. That leaves 5%, which is less than 5 billion XRP, and it's only THIS small pile of coins, that everyone needing to procure XRP, will be fighting over.

The "Demand" part of supply and demand, is an aggregate of many forces, but those forces all sum together at the point of purchase on an exchange. When demand is greater than supply, the price goes up; and vice versa. Demand for XRP will come from one thing, increasing usage. If I want to send my mother $150,000 worth of XRP, I will create demand. The more people buying their mother's shoe-shops, the more demand gets created.

You might say, well as soon as mom sells the XRP I sent her, we have a net zero situation and the price wouldn't change. Yes, you are correct, but if during my purchase, transmission, and mom's sale, someone else needs to buy some liquid XRP, there'll be less supply of them available, and the price will be higher. Extend this scenario to where hundreds of thousands of transactions are happening per hour, and you should see that a lot of liquid XRP has been converted to in-flight XRP, drying up the supply, and rapidly driving up the price because of scarcity.

In other words, the "volume" of XRP "utilization" trades (where XRP actually LEAVES one exchange for another for the purpose of value transfer, not speculative trading), will be what determines the basis for "real" demand, and it won't pay any attention whatsoever to said Market Cap.

Demand is demand, and it will be satisfied at any cost. Higher volume, higher demand, higher price.

Credits: Galgitron.net Blog, Fudbingo.com

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10 minutes ago, xrpzilla said:

 

It's very important to understand the concept below. It'll take 3-5 minutes to read & comprehend, and it will have an indelible impact on your perspective:

 

Most coins are locked up, I'd go so far as to say 95% of XRP are out of the market's reach, and therefore do not contribute to supply in the context of determining value. That leaves 5%, which is less than 5 billion XRP, and it's only THIS small pile of coins, that everyone needing to procure XRP, will be fighting over.

The "Demand" part of supply and demand, is an aggregate of many forces, but those forces all sum together at the point of purchase on an exchange. When demand is greater than supply, the price goes up; and vice versa. Demand for XRP will come from one thing, increasing usage. If I want to send my mother $150,000 worth of XRP, I will create demand. The more people buying their mother's shoe-shops, the more demand gets created.

You might say, well as soon as mom sells the XRP I sent her, we have a net zero situation and the price wouldn't change. Yes, you are correct, but if during my purchase, transmission, and mom's sale, someone else needs to buy some liquid XRP, there'll be less supply of them available, and the price will be higher. Extend this scenario to where hundreds of thousands of transactions are happening per hour, and you should see that a lot of liquid XRP has been converted to in-flight XRP, drying up the supply, and rapidly driving up the price because of scarcity.

In other words, the "volume" of XRP "utilization" trades (where XRP actually LEAVES one exchange for another for the purpose of value transfer, not speculative trading), will be what determines the basis for "real" demand, and it won't pay any attention whatsoever to said Market Cap.

Demand is demand, and it will be satisfied at any cost. Higher volume, higher demand, higher price.

Credits: Galgitron.net Blog, Fudbingo.com

Perhaps currently 95% of XRP are out of 'the market'. Once the price goes up that percentage goes down because people want to sell at some point.

I however do believe 10 dollars is possible in the next run, as 3,5 was pure on speculation. But the market is going to need time to gain momentum again.

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  • 2 weeks later...
On 2/27/2019 at 9:54 AM, Caracappa said:

Perhaps currently 95% of XRP are out of 'the market'. Once the price goes up that percentage goes down because people want to sell at some point.

I however do believe 10 dollars is possible in the next run, as 3,5 was pure on speculation. But the market is going to need time to gain momentum again.

Another important thing to consider is that as price goes up due to demand, less XRP will be needed to transfer value. To transfer $100 today, you'd need about 322 XRPs to do it. At a $10 XRP, you'd only require 10 XRPs. Putting it another way, you'll need about 97% less XRPs at $10 than at 31c. 

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On 3/8/2019 at 3:55 AM, XtraRarePeople said:

Another important thing to consider is that as price goes up due to demand, less XRP will be needed to transfer value. To transfer $100 today, you'd need about 322 XRPs to do it. At a $10 XRP, you'd only require 10 XRPs. Putting it another way, you'll need about 97% less XRPs at $10 than at 31c. 

Makes sense, the more volume the higher the price, the higher the price the less XRP volume is needed, lowering the price. Which is why we are at .30 cents. Bring on mass adoption so we can sit at .002 cents =P

Edited by Scout
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