Ripple update: Xrapid influence vs. order book
Hi everyone,
Last night I thought I’ll make an experiment calculation of what would happen if xRapid would try to remit $1.000.000 from Bittrex to somewhere else. Now I’m not exactly sure if there would be any help from market makers in such case, but if not, the price would immediately jump to $16 as there is not enough liquidity in the market at the moment.
This conclusion was made just by looking from order books and how much XRP is available and with what price.
So my question is this : will there be some market maker entity helping automatically in this kind of case or would xRapid have to have very very slow start to build up liquidity? Any ideas?
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: tradernoob76
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