There is more optimism in the markets. Though still carrying great skepticism, it should be noted that there are several indicators to our advantage that signal the beginning of another possible bull run.
Considering that there is a significant uptrend in BTC's chart (where we can also refer to the and infer that all three indicators are pointing upwards in the daily) and its effect on the entire crypto market, coupled with the halving that's set to occur in May, it would not be out of the question that we begin to see a snowball effect over the next 3-4 months. These indicators are pointing to a -very- strong upward momentum and it doesn't look like it will end any time soon.
Even though I previously did a piece on going both long and short on BNB, after looking at the log chart and comparing it to XRP's position and overall fundamentals, it seems as though the ROI that is projected for XRP during the span of this year is -considerably- larger.
In short, if you want to make money, it's likely that both BNB and XRP will go up during these following months.
BUT if you want to make FAT stacks, I suggest going with XRP.
I meant short-term.
This chart will not reflect how reality works, because XRP will have to make a huge sensation in the world, many times bigger than when BTC was at 17k, to get most of the world's population to invest in it.
circulating supply x LAST trade price is NOT how much money went into a coin.
Market Cap (excl Bitcoin) itself has a chart. The ATH was at 440 billion eoy 2017. The market is growing and it seems the next bull run is starting. The next ATH will be in the trillions. For example:
If XRP was $3 at 440 billion, it can be ~$60 at 10 trillion.
Well, you misunderstand the nature of stocks and investments in general. When you purchase a stock for a dollar and it raises to ten dollars the next year, you didn't put ten dollars in the next year for that one stock. You waited for it to appreciate in value because you believed that the buyers would drive up the price past the sellers to the point where you could make a significant ROI.
So I'm not sure what you're trying to point out here.
Please let me know if I am misunderstanding anything.
Thank you and happy trading!
But 20k BTC seemed pretty unreal before, but it got close.
Looking at the past percentage gains, it wouldn't be ungrounded to project something similar might happen with XRP.
Ahh that's quite reasonable.
But I've often underestimated how people can drive up the price (I'm learning from past experience) and for me, personally, it's always higher than -I- expect.
My original guesstimate of fair value was actually pretty close to what you said, at $10 a piece!
So I'm glad that other people out there are coming up to the same conclusion, but you've gotta keep in mind how much sentiment runs through these markets. The unexpected should be expected... or at least more than what we'd describe as a fair value or realistic percentage gains.