Many people think that market cap is the total amount of investors' money within the coin, meaning
#xrp Today at a price of $2.2
With a market cap of over $128 billion, people believe that to achieve double the price of XRP, it needs 128
Another billion dollars, and this is a big mistake that many people fall into
Follow the post to understand more 🧵👇
The huge market cap is not a big wall or barrier because it's made of cardboard. The market cap is simply the product of the current price of the coin multiplied by the number of coins, and it does not measure real money
The last flow of $XRP was valued at $80 million, which raised its market value by $17 billion
Small flows mean big explosions
And don’t forget that less than 5% of the coin's supply is actively traded, while the rest is locked or stored, so once buying starts, demand becomes high and supply low, which also explodes prices
I also want to remind you that the entry of #Xrp🔥🔥 into ETF funds and the U.S. government fund will strongly raise its price. $100 is not a near or easy target at the moment, but if the market continues in the state of adoption we see and new investors enter, it is not an impossible target after several years
Finally, I would like to give you a note:
🔻This post is not to convince you to invest in it nor to talk about the project and cryptocurrency technology. I just explained a common misconception and took XRP as an example, and God willing, I hope I provided you with useful information 🤝❤️
