Ninjastic
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Re: Ripple Employee Says it’s XRP Will Not Reach $100 in 2020
by
dunfida
on 14/03/2021, 17:59:25 UTC
Quote from: sankalpkuamr571 on March 09, 2021, 11:42:28 AM

Josh Lin, a Ripple employee Labs Inc. has given his verdict as to how ridiculous it is for the price of XRP to amount to $100 by 2020.

According to Josh, it would practically impossible for the price of XRP to kick-jump to $100 as that would sum up the whole entire market cap of XRP to $10 trillion.

According to his reply to a question on Quora, Josh confirmed that Bitcoin, which has a market cap of Bitcoin of about $165 billion has taken the major chunk of whole crypto market, which is worth about $227 billion. Hence, he doesn’t seem to see how XRP would dominate the others considering the value and rate of use.
Calls like these are common since this is a free market and anyone could really make their own analysis and speculations towards a certain project and this guy is a Ripple employee then its just
normal to have those kind of positiveness into that certain extent without even thinking that even hitting $5- $10 would really be already be a challenge into theirs which you can say that
he's exaggerating up those kind of calls and now that theyre facing up some SEC issues then it would even much more harder to reach out those heights.

Investors and potential ones would really be already having some doubts as of this moment.