Ripple update: Supply vs Demand Contrarian Understanding
As Ripple own 60% of Xrp they can unduly influence price. I know the go to answer is that ‘its tied up in escrow’ but this is only partly true. As long as Ripple sells its XRP stocks every month this will keep xrp price lower as there will always be more supply than demand for XRP. In the meantime Ripple the private company will continue to use these sales to bolster the private companies balance sheet which makes the companies owners rich whilst the XRP punters are left with a digital asset that continues to drift along at low prices. This should be a genuine concern for any XRP holder and I have never heard a satisfactory answer to this.
Please enlighten/educate me as to why I am wrong . I ask in all seriousness, how will XRP price increase when the supply side is always bigger than demand ? Especially as still to this day, no large institution is even using Xrapid.
Thanks, and looking for serious answers, not just to get abused for the question I think many wish to know the answers to…
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: BraveCounsel
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