Hopium overdose 😂
True! But we simply don't know! I would just hate for all those hodlers that have held XRP for so long to sell at $ 3 when this token has so much more in store for our future
$59,238 --> +$3 QUADRILLION MC What does this guy smoke? It's dangerous
But if we burn it ?
How many?! If 90% of all supply will be burnt, we still have +10 billion XRP That brings the MC to $1 Quadrillion at that price which still is nonsense... 2948.34? Maybe this is the max price it could "Possibly" go. But will it?
What if 99% or more of XRP were held on PRIVATE LEDGERS and not within public circulation?
Tbh, anything can happen in crypto but I tend to be more realistic about these predictions For me anything above 5k, ever in 21th Century is not gonna happen
It’s worth thinking about don’t you think? There are LOTS of theories about XRP needing to be worth $10,000+ to “work” and allow for the amount of transfers and tokenisation of assets required in a total market with a value of $600 trillion or more. If the XRP by banks is not on a public ledger and no longer tradable there then we could be left with 1bil tokens worldwide in retail. That could, over time, get a value over $10k per token.
It is triggering ngl :) But as U said, none of us will be around holding XRP till it reaches those prices We all sell it if it gives us 100X or for some true Dimond hands, at 1000X But, I like to read about these theories They fascinate me
How long do you think till 1000x
I have no clue.... If not 2025, I think for sure we reach over $100 before 2030 according to my research
Fascinate me too. That’s why I posted. Who knows. So many theories 🤷
Did you think they will burn it ?
If 90% was burnt then XRP will be useless as XRP is used for a payment system. Therefore the token value would be not high and will be just another crypto token
Xrp does not have any burning mechanism in place like shiba/cake
You are right. Bur Ripple could throw away the keys to unlock the XRP from the escrow wallet which would have the same effect as burning
Well, what do you want to say here? How will this affect the price?
Was just answering a question above. As regards to the price. Who knows?
Oh really? That's new to me. https://www.xrpchat.com/topic/17971-xrp-burn-rate/
Yes it does. But I believe the burning is negligible. Probably more tokens are being “burned”by people losing their keys or passing away with them.
True. And with the current supply it is even more unrealistic to touch those prices of +5k
I'm sure I read somewhere that Ripple do have an XRP burn mechanism but it's so low that it doesn't show up much at all.
https://xrpl.org/transaction-cost.html#current-transaction-cost
Actually, each XRP transaction does, in fact, burn a small amount
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