Blockchain conference nyc
29 comments
Ethereum tradeview
Few months before Ripple's management committed themselves to place 55 billion XRP into a cryptographically-secured escrow account by the end of I expect this event tomorrow of after tomorrow.
By 55 monthly 1 billion XRP supply contracts specific monetary policy will be established. It includes constant and predictable crypto money velocity that is very important for all Ripple's stakeholders specially for banks which intends Ripple adoption. Target of that policy is stable and sustainable development of whole Ripple's eco system and sizing up international payment systems market share.
I expect for this week high volatility and huge price jumps and falls. After that I expect price stabilization in 0. I don't believe Ripple benefits having such a high price for XRP.
XRP is basically for the consumer market. Plus, with the amount of XRP on the market in order for the token to reach such a price point, it needs a major cash injection of millions and millions of dollars. It's very hard to really see that happen. When they believe XRP is becoming too scarce and therefor the price has gone up too much they can release a few million XRP on the market effectively lower the price because immediately there is more available.
But in my mind even that would be unlikely. Authors get paid when people like you upvote their post. Still has a little bit to go before mine go green though There is countdown for big announcement on their Twitter account. For more info read my post: As mentioned in a reply to your other post you're referring to, interesting read. Thanks for sharing your insights! That makes way more sense ;. Another resistance line at 0,3 USD on Bitstamp.