Ripple update: How high can xrp go if only 5%.,,
Ok after some research i found out that theres is about 27 trillions US dollars parked around the world between banks in order for them to settle payments between themselves because the current system is too slow. There are aproximatly 14,000 banks/credit unions Worldwide. Now if we divide 27 trillion into 14,000 banks that would give us about $1.8 trillion usd being parked for every 1,000 banks .so if only 5% of the world banks ,(or about 700) Adopt and use xrp we will have a market cap of about 1.8 trillion. Xrp current marketcap is about 23 billion. Xrp will be worth about $70 with only 5%! of those banks. Brad said they have parnered hundreds of institutions and that by the end of 2019 dozens of banks will be using xrp. So if every year they manage to get a couple dozens of banks that would give us about a $4 dollar increase for Xrp every year. By end of 2019 we could in theory and very likly see at least $5 per xrp or $10 by end of 2020 . It will all depend on how fast they get the banks to use it. This is a reality Even with xrp circulating supply increasing every month,we can absolutly hit double or triple digits in the future if more banks use it. No hate comments please XD.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: kronos2019
Score: 36
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