2 is not possible. Do you smoke crack ? If xrp is 2 by end of year it would mean the market cap with current supply would be 77 billion. For the moment total market cap is 72 billion.
Please be realistic. And were talking with current supply so if there is more supply it is definitly some crazy crack talk.
That's your mistake right there. The market cap doesn't have to be realistic. By the end of the year there will be a "new normal" for crypto market caps, and even that will probably be temporary. These will be figures we can't even imagine being rational right now. Crypto is a new frontier, not a business. Would be like saying that gold could never be $50k/oz because that would make the total value of all gold in the world $x.
If you talked to someone in 2015 or even this time last year and said Bitcoin would have 32 billion market cap and be worth 2000 when it was only like 2-300 then?
Dude even in January 8-900 for BTC wasn't it? It's more than doubled.
Clearly these markets grow at an exponential rate when necessary that nobody can really predict.
Exactly. My point is that I'm not sure how valid it is to apply business market paradigms to crypto. What's the "market cap" of copper, oil, etc? Doesn't matter.
Crypto is still in Wild West era where sudden doubling of market capitalization are ordinary. If the well known banks manipulated forex market is worth trillions then cryptocurrency rising 500 billion in a couple of years should be possible. Nowadays more countries are accepting. And Ripple is targeting the financial world who actually control the world.
At some posts here, I was writing that 70B will be hit by end of year, guess what, we already beyond that after month or so when I wrote.
If to think that crypto is hybrid of stock marker and FX, than we speak about trillions as market cap, if to speak that crypto is next FX, than again trillions. 70B is just 7% of 1T. If we say that crypto is derivative of currency, than sky is the limit and capacity just has no meaning.