"$XRP is the next $BTC.. I'm going to become a millionaire with xrp"
Being optimistic is one thing, but it takes time for people who don't yet understand cryptocurrencies to become aware of something. The price of a crypto is the result of its capitalization divided by the number of tokens availa
XRP has an outstanding supply of about 57 billion tokens, while Bitcoin (BTC) has about 19.8 million. This means that the supply of XRP is about 2,880 times larger than that of Bitc
This significant difference in the supply in circulation directly influences the unit price of each cryptocurrency. With a much higher supply, XRP requires a much larger market capitalization to achieve a unit price comparable to that of Bitcoin. i.e. 5,472 trillion (5,472,000,000) . Yeah, that's a lot of zero
For example, for XRP to reach a price of $100 per token, its market capitalization would have to be about $5.7 trillion ($100 x 57 billion tokens and it should be noted that there is 100 billion max tokens so it's even worse), which is significantly higher than the current capitalization of Bitcoin, estimated at about $1.9 trill
Thus, due to its much higher circulating supply, it is highly unlikely that XRP will reach similar unit prices to Bitcoin in the current market environmen
But some will say, "Yes, but they're going to burn tokens... well, okay. let's imagine that it burns 75% of the maximum 100 billion so there would still be 25 billion tokens l
If XRP had "only" 25 billion tokens in circulation and reached the current capitalization of Bitcoin (US$1.9 trillion), its unit price would be
All this to say, yes the xrp has potential to make x5 x10 depending on the price you bought it but 10$ or 15$ for dreamers is already huge. Stop believing that Xrp will reach prices like bitcoin, Eth or even solan
I have XRP but I'm realistically testing the goals of this crypto a!$76.eft.t.ion.o.oin.ble.