10 Billion+ Coins & Tokens over a dollar??? What's the deal?

[CryptoRage]

The beauty of BTC is there is scarcity and value invested in creating a blockchain.

How in the world can some of this 10 Billion+ coin supplies (with their centralized distribution in some case) be worth over $1.00 before they even have a viable product?

[ahoenk]

Do you mean xrp / ripple ? If yes maybe because ripple already implemented to real finanvial banking system they proof they already worked with american express. Yes ripple is centralised blockchain but maybe that news which makes people fomoed and also i read somewhere south korean bank will implemented it as well.

[debuni]

Do you mean xrp / ripple ? If yes maybe because ripple already implemented to real finanvial banking system they proof they already worked with american express. Yes ripple is centralised blockchain but maybe that news which makes people fomoed and also i read somewhere south korean bank will implemented it as well.

I guess he meant IOTA, Cardano, EOS, Stellar, etc. For exmaple, IOTA gained x14 in just one month without any new viable product or so on.

Those are 100% speculation pumps and I'm staying out.

[Sasha Lumerin]

the reason is only because they have a working product, thats why they will reach 1$ soon