$ETH
Many people think that market capitalization is the total amount of money investors have in the currency, meaning
#xrp today at a price of $2.2
with a market capitalization of over $128 billion. People believe that for xrp to double in price, it needs another $128 billion, and that is a big mistake that many people fall into.
Follow the post to understand more👇
The huge market capitalization is not a wall or a big barrier because it is made of cardboard; market capitalization is simply the product of the current price of the currency multiplied by the number of coins, and it does not measure real money.
This means the last influx of $XRP was worth $80 million, which raised its market capitalization by $17 billion.
This means small inflows = big explosions.
And don't forget that less than 5% of the currency supply is actively traded, while the rest is locked or stored, so when buying starts, demand is high and supply is low, which also drives prices up.
I also want to remind you that the entry of #Xrp🔥 into ETF funds and the U.S. government fund will significantly 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 come in, it's not an impossible target in a few years.
Finally, I would like to give you a note:
🔻This post is not to convince you to invest in it or even to talk about the project and technology of the currency; I just explained a common misconception and took xrp as an example, and I hope I have provided you with useful information.🤝❤️