Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: ashraf786100 on November 26, 2020, 03:05:13 AM
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MagicPoopCannon has explored the idea of XRP hitting $440
$440 per XRP would put its market cap at close to $20 Trillion
His analysis and $440 target is based on a worldwide case of hyperinflation and central banks continually printing fiat
$440 is a bit extreme with the TradingView community pointing out it is unrealistic
The digital asset of XRP has continued on its impressive parabolic run hitting a two-year high of $0.78 – Binance rate. This means that the remittance coin of XRP has increased in value by 225% in the month of November alone. At the time of writing, XRP has dropped to the $0.71 price area as investors anticipate more bullishness from the digital asset.
$440 Per XRP due to Runaway Inflation and Money Printing
According to Bitcoin and Crypto analyst, MagicPoopCannon, XRP could go as high as $440. His analysis is based on a worst-case scenario of global hyperinflation and continual money printing by central banks.
Here is the technical case for how XRP could possibly rise to $440…I know there will be people who comment how that would make XRP worth trillions (around $20 trillion according to my calculations) and that such a feat is impossible for a cryptocurrency like XRP.
I just want to end that argument by reminding everyone that the global money supply is constantly expanding. A $20 trillion dollar XRP market cap would be hard to imagine with the current global monetary supply, but the global money supply already appears to be entering a period of accelerated expansion.
Continuous printing and runaway inflation could easily make this a possibility, and with the looming global debt crisis in the background, nothing is beyond the realm of reason
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I would say that here in cryptocurrency nothing is impossible. However, maybe the time element can be the main difference here. I would agree that for $440 to happen within a year or even for the next five years can be that difficult. But then again, who knows, there is no real expert in the market of cryptocurrency prediction as anybody can predict and anybody can believe whatever prediction that suits him. Believe, hold, survive and flourish. Now, that can be a good slogan for anyone who is always believing in the power of XRP.
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MagicPoopCannon has explored the idea of XRP hitting $440
$440 per XRP would put its market cap at close to $20 Trillion
His analysis and $440 target is based on a worldwide case of hyperinflation and central banks continually printing fiat
$440 is a bit extreme with the TradingView community pointing out it is unrealistic
The digital asset of XRP has continued on its impressive parabolic run hitting a two-year high of $0.78 – Binance rate. This means that the remittance coin of XRP has increased in value by 225% in the month of November alone. At the time of writing, XRP has dropped to the $0.71 price area as investors anticipate more bullishness from the digital asset.
$440 Per XRP due to Runaway Inflation and Money Printing
According to Bitcoin and Crypto analyst, MagicPoopCannon, XRP could go as high as $440. His analysis is based on a worst-case scenario of global hyperinflation and continual money printing by central banks.
Here is the technical case for how XRP could possibly rise to $440…I know there will be people who comment how that would make XRP worth trillions (around $20 trillion according to my calculations) and that such a feat is impossible for a cryptocurrency like XRP.
I just want to end that argument by reminding everyone that the global money supply is constantly expanding. A $20 trillion dollar XRP market cap would be hard to imagine with the current global monetary supply, but the global money supply already appears to be entering a period of accelerated expansion.
Continuous printing and runaway inflation could easily make this a possibility, and with the looming global debt crisis in the background, nothing is beyond the realm of reason
As the opinion says it's too good to be true $440 per XRP is impossible to attain. I'm an XRP user in fact I'm continuously holding it even the price already reached $0.70 cents but my target is $1 dollar per XRP? But when I wake up this morning I saw the market is Bloody red and the XRP price dipped down to $0.56 but still holding till $1 dollar per XRP was reached. By the way, I believe that $440 per XRP is not achievable even if 10 years from now.
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$440 for a Ripple coin? This must be a joke. With its circulating a total supply, just imagine how much it will all cost.
Maybe you have missed a comma after first 4 ? Since Ripple is so low prices at the moment, and if its price turns to $440, world economy would collapse. Just imagine how many multi billionaires there will be and how they will spend.
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User locked thread due to plagiarism, source was added to OP but has since been deleted by user. This is why the user is being watched.
Source: https://en.ethereumworldnews.com/xrp-could-hit-440-due-to-runaway-inflation-money-printing-analyst/