@Jenny_Solstice Btw, I really like your posts! I enjoy following people like you that have put some thought and passion into this incredibly powerful marketplace.
@MoJO8455 I agree with this direction metrics like TVL, trading volume, and network effects are indeed closer to real world applications. However, at different stages, the market may still refer to multiple indicators simultaneously.
XRP can NOT hit 1k
XRP physically can’t hit $1k. Have you guys done any research or are you just blindly buying coins expecting them all the 10x.
If it were to hit $1k (which is impossible) its market cap would be 100 trillion which is like 10x the global gdp . $10 is max and even then its gonna take ages and mean banks have to almost solely use it for transactions.
Idk about you but im waiting for $5 or $10 then i’m selling $1k is genuinely impossible. you guys need to do some research.
@Jenny_Solstice You’re right, it is a tool but probably isn’t the most accurate tool to measure a digital asset’s strength, adoption, and popularity. TVL, transaction volume, network effects and adoption. Utility in the near future will be the most reliable tool
@MoJO8455 Strictly speaking, you are right market capitalization does not fully reflect the true value of a digital asset. However, there is currently no more widely accepted alternative metric in the market, so it is more of a 'tool' than an 'answer'.
@Jenny_Solstice Market cap comparisons in crypto were introduced by the VC’s because they had no other way to measure one crypto against other cryptos.
When did teenagers go to the gym to kiss & embrace during workout sessions. Come on! I’m tired of waiting for the machines because you’re making out! 😘😚😘
@digitalassetbuy The last few months, Charles was bending over backwards to praise @bgarlinghouse. Now, he has attacked Brad for his position on the Clarity Act. It appeared like there was a technology play between Cardano and Ripple. Not anymore!!