It appears that most people didn't read my post, or didn't understand it. Here's the math again, for all you hoping it to reach $10,000.
38,739,142,811 * 10000 = 387391428110000
In case you can't read that number, which I doubt you can:
387 Trillion 391 Billion 428 Million 110 Thousand
Taken by Ripple alone? That's 5 times the market cap of stocks. Also, that's calculated at the currrent supply, their total supply is 2.6 times higher.
That is the market cap needed. Here's what Market Cap is:
Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding
38,739,142,811 * 10000 = 387391428110000
In case you can't read that number, which I doubt you can:
387 Trillion 391 Billion 428 Million 110 Thousand
Taken by Ripple alone? That's 5 times the market cap of stocks. Also, that's calculated at the currrent supply, their total supply is 2.6 times higher.
That is the market cap needed. Here's what Market Cap is:
Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding
I'm trying to understand your logic but can't catch that could you explain me in little bit more.
He's explaining that the ripple market cap would be ridiculously high.
That's what I calculated:
Ripple Circulating Supply: 39.009.215.838 XRP
==> 39.009.215.838 XRP * $10.000 = $390.092.158.380.000
Ripple Market Cap ($10.000 / XRP): $390.092.158.380.000
Bitcoin Market Cap ($9.339,72 / BTC): $ 157.510.875.405
This would mean for BTC Market Cap = Ripple (10k$) Market Cap 1 BTC would have to be $23.130.793.
Conclusion: Ripple 10k$? I don't think so
- the market cap is not the only reason... more and more people distrust Ripple so the question is: Will Ripple reach its old ATH and will it stay at rank 3?
(Hope there is no error in my calculation^^)
==> 39.009.215.838 XRP * $10.000 = $390.092.158.380.000
Ripple Market Cap ($10.000 / XRP): $390.092.158.380.000
Bitcoin Market Cap ($9.339,72 / BTC): $ 157.510.875.405
This would mean for BTC Market Cap = Ripple (10k$) Market Cap 1 BTC would have to be $23.130.793.
Conclusion: Ripple 10k$? I don't think so
- the market cap is not the only reason... more and more people distrust Ripple so the question is: Will Ripple reach its old ATH and will it stay at rank 3?(Hope there is no error in my calculation^^)
Maybe the calculation is wrong but I don't think so.
Also included a comparison to Bitcoin and how much 1 BTC would cost if it had the Market Cap of Ripple at 10k$.
But in general that means Ripple would have a market cap ~2476 times higher than the recent Bitcoin market cap and Bitcoin has the highest market cap in crypto right now while ripple's recent market cap is just a little more than a quarter of Bitcoin's.