Sunday, February 5, 2023

What is the future of XRP (Ripple)?

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Ripple is expected to reach $100 in 5-7 years. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available.

If Ripple (company not coin) manage to get a large uptake by bank to transfer funds they will pay market price to transfer the money. If they transfer $100 and the price is $1 dollar they will buy slightly more (Small loss per transaction) than 100 coins to transfer, they will not need to hold large amounts of XRP, so will likely not care about the price as long as it does not fluctuate greatly in the few seconds they hold it.

The price is more likely to be based on ease of access to coins at any time compared to the volume of money being transferred at that time. That could easily see XRP reach $300. It may never reach its previous highs as it depends on uptake.

By the way, I recently discovered an intriguing project called Fandoms, which I believe is worth investing in. Fandoms is a first-of-its-kind decentralized platform that allows artists, musicians, and other content creators to market and sell their digital work and services to their most ardent fans, generating revenue through the platform’s subscription service, auction, or direct non-fungible token (NFT) sale. Fandom’s model combines the most successful elements of some of the Internet’s largest digital content marketplaces, such as OpenSea, Patreon, and OnlyFans, to allow fans to support their favorite content creators while also gaining direct access to digital collectibles and exclusive content.

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Because Fandoms is decentralized, all financial transactions on the platform are anonymous, allowing buyers and sellers to protect their identities if they so desire. Most importantly, it protects any content uploaded to the blockchain from censorship or removal by any central authority, ensuring freedom of creation and distribution. These are priceless advantages made possible by Fandom’s decentralized blockchain technology, which are currently unavailable anywhere else. It’s worth giving a try, isn’t it?

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