What do you mean next GME? Just so you know and you should watch the movie “dumb money” , GME didn’t simply just go “up” it was a failure in the market. GME was shorted 100% of its float. Therefore the intense squeeze and “price go up”.
Have you ever wonder what if Ripple Lab goes IPO? The dual token/equity structure is probably one of the worst things to touch in crypto. Shareholders will always demand for value creation for equity over your digital assets.
It has always been true. Go look at Yuga Labs. They pursued gaming to appease their equity investors. But it eventually pissed off a lot of their monkey jpeg holders.
You see this conflict of interest everywhere in crypto, recently with Aave.
Do you think such a conflict of interest setup matches with GME?
XRP has a total market cap of about $100 billion, so if you want it to x5, x10 whatsoever, you have to multiply this amount by 5, 10, whatsoever. Should make you realize why it's not something that will happen anytime soon.
Can it short squeeze due to short sellers like GME? Not in the same way. Crypto doesn’t have options that helped build the some of the gamma-squeeze with GME.
My dad (RIP) believed in XRP mainly because of the Q-anon NESARA/Great Reset conspiracy theories. To his credit now, he was shoveling 300$ a month of retirement money into it when it was averaging .50 a coin.
The bigger the market cap the more it takes to move even 10%. Its why people are hoping to hit on smaller market cap stocks or crypto.
OP owns xrp
What do you mean next GME? Just so you know and you should watch the movie “dumb money” , GME didn’t simply just go “up” it was a failure in the market. GME was shorted 100% of its float. Therefore the intense squeeze and “price go up”.
Have you ever wonder what if Ripple Lab goes IPO? The dual token/equity structure is probably one of the worst things to touch in crypto. Shareholders will always demand for value creation for equity over your digital assets.
It has always been true. Go look at Yuga Labs. They pursued gaming to appease their equity investors. But it eventually pissed off a lot of their monkey jpeg holders.
You see this conflict of interest everywhere in crypto, recently with Aave.
Do you think such a conflict of interest setup matches with GME?
XRP had it's prime, now it won't perform as big and fast as it used to.
No never, never ever ever ever. 🤷
It’s simple. XRP is largely centralized and why would politicians and existing rich people allow Ripple execs to become the richest in the world?
Why should it?
Why do I need to sell you a question?
Ok then. Another question: what’s your intent with this post?
Learn something new about something I have no idea about
XRP is too big to move like a meme stock.
Explain it like I’m in the special education classes
XRP has a total market cap of about $100 billion, so if you want it to x5, x10 whatsoever, you have to multiply this amount by 5, 10, whatsoever. Should make you realize why it's not something that will happen anytime soon.
It depends on the context of your comparison.
Can it short squeeze due to short sellers like GME? Not in the same way. Crypto doesn’t have options that helped build the some of the gamma-squeeze with GME.
My dad (RIP) believed in XRP mainly because of the Q-anon NESARA/Great Reset conspiracy theories. To his credit now, he was shoveling 300$ a month of retirement money into it when it was averaging .50 a coin.
The bigger the market cap the more it takes to move even 10%. Its why people are hoping to hit on smaller market cap stocks or crypto.
Is president trump a wrong un?
Will the Epstein files crash crypto?
These are examples of interesting questions .