Ripple (XRPUSD): $500 Ripple? LOL… Sure, that would on...

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reaper247

Re: laraz5 post# 195

Thursday, 01/04/2018 2:35:56 AM

Thursday, January 04, 2018 2:35:56 AM

$500 Ripple? LOL…

Sure, that would only be a market value of $19,369,572,000,000 (roughly $20 Trillion,) based on circulating supply.

That would be a valuation of the entire national debt of the US.

A valuation of $500 based on the total supply of 99,993,000,000 online tokens available, would be a market value of roughly $49,996,500,000,000 ($49 Tillion.)

That seems to be roughly half a Gazillion dollars. LOL…

Cryptos are interesting to watch.

Bitcoin futures with February 2018 expirations only had 42 contracts traded for the day, with a high of $15,500 on the CBOE.

42 Bitcoin contracts @ $15,500 with February expirations is roughly $651,000.

Interesting that Bitcoin saw almost $18,000,000,000 in $ trading volume in the last 24 hrs.

That volume doesn’t seem to be coming from advanced traders who are trading in the futures market.

I guess some of Y'all know better.

GLTA, IMO and FWIW.