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CryptoTank Profile picture
CryptoTank
@Tank2033js
Crypto Investor, Researcher, and Enthusiast.
Oct 13 • 13 tweets • 3 min read
I'm getting a lot of comments about XRP price and why it's not moving so let me explain once more how XRP price is determined for the new people to this space and those that still have trouble understanding🧵 XRP price is determined by dividing the value/volume on ledger divided by the circulating supply. Determining the circulating supply is not that simple however. If you google XRP circulating supply it will say about 56 billion. This number is misleading. Just because 56 billion
Sep 28 • 12 tweets • 3 min read
Everyone saying 1k XRP is a fantasy doesn't understand how the utility of XRP will drive price to unbelievable levels. Just to give you an idea of how high XRP will need to be I'll give you some examples...

Swift does approx $5-7 trillion in daily volume.... J.P. Morgan does approx $9-10 trillion daily...

B of A does approx $6-8 trillion daily...

SBI does approx $2-3 trillion daily...

Lets just take Swift alone. Swift is adopting RippleNet currently into their messaging system for cross border payments. Swift ONLY handles
Sep 24 • 10 tweets • 2 min read
Many people have asked me "why would banks use XRP and not their own coin or CBDC?" I'll try to clear this up but I would also refer you to David Schwartz who explained this on X Spaces awhile back. Look it up. Here's why they will use XRP... 1st you must understand that Banks are in competition with eachother. Smaller banks are competing with large banks like J.P.Morgan for customers and market share. They will not accept eachothers digital token or CBDC because they would be giving the competitive advantage to...
Sep 23 • 7 tweets • 2 min read
A lot of discussion on X about XRP price and how it will or will not rise in price. Let me offer some info on what will happen when banks are using XRP to settle large transactions on a daily basis. Here is how I see this playing out going forward....🧵 To understand the price of XRP you 1st need to understand how utility is calculated. MC and utility are Not the same. Utility assets price(XRP), is determined by value/volume on ledger divided by circulating supply. High value/volume is needed by Banks to transact...