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Indicator: XRP Fair Value Close to $1

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They base ''fair value'' on this''we have decided to use a 2 weeks exponential moving average of transactions in our calculations.''

As you probably know, someone has been spamming the ledger by sending a shitload of BTC IOU's back and forth.  If this calculation of ''fair value'' had any merit, it is way off because they include every type of transaction that is happening on the XRPL.

 

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6 hours ago, Gepster said:

They base ''fair value'' on this''we have decided to use a 2 weeks exponential moving average of transactions in our calculations.''

As you probably know, someone has been spamming the ledger by sending a shitload of BTC IOU's back and forth.  If this calculation of ''fair value'' had any merit, it is way off because they include every type of transaction that is happening on the XRPL.

 

The optimistic side of me wonders if someone is testing the payments volume to see how it affects the 'Fair Value'...

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The fair value is the price is listed at on the market. You can come up with imaginary numbers all you want, it doesn't matter. Let me know when you get a "fair value" wallet or find a "fair value" exchange.

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The problem with fair value for XRP is that everyone can use XRP but no one really needs to hold it for any length of time. You buy to sell it, to bridge to your currency of exchange. MoneyGram is a perfect example of this. XRP was designed for high volume, quick exchanges of value catering to Exchanges and Banks not speculators and investors. As things unfold you can see the truth reveal itself. The only way I can see XRP's value increasing is if the demand out weights the supply per month and the Ripple net caves under pressure then value would increase as things would get buffered and gradually slow down. We've all seen what happens to Exchanges when volume ramps up. Exchanges crash, services go down and things stop working. All software has its limits, it will be interesting to see what the limits are for RippleNet once things start flying.

Edited by Scout

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