I'm HODLing 5400 Ripple coins, so I am very interested in its price firing up to around $10,000 per coin so I can retire and get a black card and a Tesla.
But to be realistic, I have to wonder -- how high CAN Ripple go?
With the proper news stories and online articles, we can get the general public all hyped up to start mortgaging their houses for Ripple coins like what they did with Bitcoins in late 2017. FOOLS!!!
But then I think of what Ripple coins are used for - to facilitate big bank transactions, and since Ripple coins are so cheap, banks can transfer their funds at minimal cost.
So it seems that if Ripple prices went too high, they'd lose their benefit of being low cost, which would negate the reason to use them, aside from their speed.
So what does a realistic top end dollar figure for a Ripple coin look like? $5? $10? $50? $200?
Lol. $10,000 is too much for ripple except there is someone just dumb enough to pay for such and I can imagine what the market cap will be like in such case. I do not see ripple going too far and even if I am to come up with anything at all which is even going to be extremely much to see ripple hit, that would be $10.
This is a coin we obviously cannot be comparing to bitcoin, let alone expect same growth to come to play and moreover, it is a centralized market anyway, so I would not expect so much from such a market in the long run, judging from the fact that it would go against their own mission in the first place.