@ChadSteingraber As I said before the black suits control them all . All of a sudden Biden is coherent and smart and Kamala will stop laughing crazily. Nothing changed in trumps last presidency nothing will now other than more support for Israel and recklessness. It's a show
@Tank2033js@Vet_X0 The case started under Trump. I have heard the argument but Trump got into Bitcoin afterwards though. And? What difference does that make SEC already says Bitcoin is not a security. They are all the same.
The value of a utility token will be driven by
The amounts tokenized on the ledger, liquidity and how good is the ledger for payments.
More assets on ledger more people use the ledger more people utilize XRP. More people willing to provide liquidity , hold XRP on chain/off chain
A bit of education in XRPL. For a good block chain system first if needs to be good at payments. The next step is to create liquidity on the ledger and tokenization. This is what ripple is doing.
RLUSD is excellent for the XRPL simple reasons.
1. It's a form of tokenization drives the value of XRP as XRP is a utility token.
2. Every time RLUSD or any other AMM is used on the XRPL this is a transaction hence this requires burning XRP. This also reduces the supply of XRP.
@Vet_X0 Why does it matter ? XRP price is driven more by what is tokenized on the ledger rather than payments volume. I know your probably more educated on this than me however when an AMM is used a transaction is registered on the XRPL hence XRP is used i.e burnt🤷♂️.
This is all based on a circulating supply of 60 billion. If 100 billion XRP was in circulation the price would be around $400. How long do we wait then for a 3 digit XRP ? 2030 to 2035. Unless something happens to accelerate this. NFA
#XRP price is based on utility. What does this mean? A thread
1. XRP price and other utility tokens price will be driven by utility not the spec market like Bitcoin. The price of XRP may slightly increase during the bull market due to speculation.
Conclusion the Archax ceo scenario and my prediction. 50 Trillion token side by 2030 on XRPL and 1 billion a day transaction volume. XRP price $600+. So the conclusion according to the the Mitchnick calculator is tokenization on XRPL drives XRP price more than payments volume.