If Ripple is number 3 on Coinmarket. How come its below 1 Dollar?

[manifo1d]

Wouldn't the price get raised?

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[DuaLipa]

Wouldn't the price get raised?

It wouldn't becasue of its super high supply. 38 billions ripple are out there now. I personally find the curent price very high. It should be below $0.05. Being $1/ripple means its market cap is 38 billions of dollars and this is not possible.

[iluvpie60]

There is a huge supply of XRPout on the market.

Somewhere to the tune of 30 billon+or more if Iremember correctly.

Since there are so many the price is low. The price has gone up a lot from what it was because of innovations and banks starting to come on board.

expect it to go a lot higher.

[lionheart78]

Because coinmarket is flawed.  It does not tell the actual demand for the coin , instead it just calculate the current price multiplied by the total number of a coins.  Any trillion coins can be at top one with just a single purchase even if it is done by the owner himself.

[SmartIphone]

The price can only be increased if more people start using it, when Ripple will be more popular and more merchants will start using it.
Through this time while this happens the value of Ripple will start increasing and I would be happy to see it increasing because I have invested a lot in Ripple.
There are a lot of Ripple supply, that's why the coin has a small value.

[manifo1d]

Wouldn't the price get raised?

It wouldn't becasue of its super high supply. 38 billions ripple are out there now. I personally find the curent price very high. It should be below $0.05. Being $1/ripple means its market cap is 38 billions of dollars and this is not possible.

So with this logic any coin on short supply is going to be worth a lot even if the demand is so little?

[richardfisk]

stupid question. What people care are the marketcap. Not the price. the market cap of ripple are in the third place and there is likely trillion of XRP on the internet. That is why the price of ripple is not higher than $1. Try to make more research  about the market before asking nonsense here

[CryptoGeneral]

The high supply of XRP is one reason for the low price. On the other hand the company could start to enter big business with all the banks involved. But we are talking about an awful lot of money to get the price to 1 USD.

[Barcode_]

I think it might be because of the huge supply of Ripples out in the market, in economics explanation, if a government of any country printed too much currencies of it owns, the values of that currency would be greatly affected as there is too much volumes out in the market resulting on a big drop in values. That is one of the main reason when satoshi nakamoto created bitcoin, the amount of bitcoins that would exist are set to only 21 millions.

[arpon11]

The coin supply is too high compared to other altcoins including bitcoin. You should understand that the large the coins supply the lower the price! This is a principle in Economic and this principle work in other financial sector like bitcoin and cryptocurrency in general.

[lighpulsar07]

Because, there too many ripple coins in the market i think a trillion ripple is criculating in the internet ( i don't the exact number was check it on coinmarketcap website.) and that's why ripple has a low value but 3rd largest value in terms of market capitalization

[HaXX0R1337]

Wouldn't the price get raised?

Actually right now ripple is number five in coin market cap and to answer you question,have you looked at the number of coins circulating and the total supply,then you will understand the huge numbers they are posing,it has a total supply of 99,994,550,338 XRP  so no wonder they are up in the rankings.

[SmokerFace]

The price can only be increased if more people start using it, when Ripple will be more popular and more merchants will start using it.
Through this time while this happens the value of Ripple will start increasing and I would be happy to see it increasing because I have invested a lot in Ripple.
There are a lot of Ripple supply, that's why the coin has a small value.

$1 per XRP is not possible if there's so many investors would buy ripple and if they have so many connections to the big companies or big banks but it takes take to get $1 value of XRP but it's possible because it's in the top 3 on the coinmarketcap it means there's so many investors supporting ripple and check ripple price it goes to 24k satoshi last 2 months and they have a good project nothing is impossible.

[electronicash]

legit project. rise up over time. it only takes few months or years and we'll see xrp being used by thousands of entities which will have its price go up to more than a dollar. its listed on huge exchanges already such as kraken.

[Prodigan786]

There is lots of supply around 38 billion and there very less mining ability like less than 10% remaining all pre mined and also its not decentrelised its having centrelized database.

[deadsilent]

Wouldn't the price get raised?

The circulating supply is ver high. That's why the price still cheap. But i think it could go even higher after or before the year ends. It's good to hold for long term. Also NXC, it's still undervalue. Also IOTA the last time i saw it's at the top nine altcoin at coinmarket cap. Just like that. Once it hits major exchange like Polo and Bittrex. The marketcap will surely surpass XRP.