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RE: Can Ripple Hit $1 By September
Ripple and XRP are two completely different things. Ripple is a consulting company and they consult with banks and other organizations. The want to move digital money from point A to point B. When doing so they give XRP almost for free to those banks so they can transport it.
XRP as we know it is the currency that we can buy, but why would we buy it? I don't think that Ripple wants the price to move up a lot... remember that's why they have millions of XRP in escrow so when that happens they can dump some XRP into the market effectively lowering the price again.
It's difficult to predict since we hardly see any information on what type of deals they are closing with the 60+ organizations they have mentioned...
I completely agree , i just used normal and simple words to express my view.
In regard to the company Dumping more XRP into market to lower the price down.
There is an flowing words going through that the company will held back some shares.
Also, on the other hand i completely agree with you , but by the time , they will put more XRP on markets, still price will be on peak.
just my assumption
Thanks for clarifying this, I've been meaning to read up on the difference between Ripple and XRP, but this hit it right on the head.
Nice summary. On top of that, the current price of XRP is around 32 cents. It would have to more than triple in price and bring the market cap to around current Etherium numbers. I don't see it happening that soon. Plus lots of people are into Crypto in spite of the banks. Count me out.
The XRP held in escrow is not intended as a "dump" or market manipulation tactic to control the cost of XRP units. It acts as a base pool for financial institutions to pull from, when and if they require it to make transfers. This is clearly outlined and documented.