Sunday, October 20, 2019 4:44:12 PM
After the Q1 report, where 2.3 billion of the 3 billion XRP released went back into escrow, I figured at that pace, it would take over 15 years, and closer to 20 for the original 55 XRP escrow accounts to be completely exhausted. (Indeed, it has taken nearly 2 years for 55 billion escrowed XRP to be reduced, as of last week, to 50 billion.) So we are looking at an increase to the overall XRP supply of less than half a percent per month or 5.4 % a year, with that percentage of “dilution” going down every time as Ripple would be adding to an ever growing circulating supply (with demand keeping pace and then some, a long-term XRP holder would hope).
Then in Q2, the pace accelerated, with 30% of the 3 billion quarterly XRP escrow release remaining out of escrow. At that pace, it would take less than 15 years to get through the XRP locked up in escrow. But wait! What if the pace accelerated every quarter, with more XRP released in Q3, and even more in Q4, surpassing the 1 billion per quarter mark? It would be mathematically possible, if unlikely, for us to be scraping the bottom of the escrow barrel in 7 years.
Now, with this Q3 report, we are back down to 23.3%, meaning these 55 escrow accounts may yet last over 17 and a half years. That is plenty of time for Ripple to build the ecosystem. I hope they do not get bored with their steady progress.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
Recent XRPUSD News
- XRP Price Consolidates Below $0.530: What Could Trigger More Losses? • NEWSBTC • 05/10/2024 04:28:34 AM
- Pro-XRP Lawyers Predict Ripple Will Lose Motion Against SEC Even as XRP Army Anticipates $3 High • ZyCrypto • 05/09/2024 08:55:56 PM
- Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News • IH Market News • 05/09/2024 07:28:40 PM
- Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance • Crypto Briefing • 05/09/2024 07:10:05 PM
- Ripple joins multi-chain DeRec Alliance for secrets management • Cointelegraph • 05/09/2024 07:00:00 PM
- Tokenization to unlock interoperability across payments, investments • Cointelegraph • 05/09/2024 05:25:00 PM
- What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts? • NEWSBTC • 05/09/2024 03:00:17 PM
- MicroStrategy’s Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (XRP); Traders See Rollblock (RBLK) as a Safe Bet • NEWSBTC • 05/09/2024 09:25:28 AM
- $20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means • NEWSBTC • 05/09/2024 07:20:26 AM
- Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC • The Daily Hodl • 05/08/2024 10:01:34 PM
- Ripple’s XRP Risks Another Blow As SEC Labels Its Stablecoin Project As An ‘Unregistered Crypto Asset’ • ZyCrypto • 05/08/2024 07:50:55 PM
- Coincheck’s Nasdaq Listing Plans, FTX’s 118% Creditor Refunds, and Latest Crypto News • IH Market News • 05/08/2024 07:15:58 PM
- Price analysis 5/8: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 05/08/2024 07:00:00 PM
- Ripple’s proposed stablecoin is an ‘unregistered crypto asset’ — SEC • Crypto Briefing • 05/08/2024 11:49:50 AM
- Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows • NEWSBTC • 05/08/2024 08:00:17 AM
- SEC files final response in Ripple XRP case • Cointelegraph • 05/08/2024 07:30:09 AM
- Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News • IH Market News • 05/07/2024 06:48:02 PM
- Did XRP price just bottom against Bitcoin? • Cointelegraph • 05/07/2024 06:06:59 PM
- XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase • NEWSBTC • 05/07/2024 05:41:40 AM
- XRP Price Explosion to $5 In The Cards as Ripple’s Stablecoin Proves To Be Game-Changer • ZyCrypto • 05/06/2024 09:01:03 PM
- Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 05/06/2024 07:30:00 PM
- Bitcoin Hits 1 Billion Transactions, Vodafone Turns Smartphones into Digital Wallets, and More Crypto News • IH Market News • 05/06/2024 06:13:29 PM
- XRP, Solana, Cardano, Shiba Inu Braced For $4 Trillion Altcoin Market Earthquake • ZyCrypto • 05/05/2024 09:02:21 PM
- XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation? • NEWSBTC • 05/05/2024 05:30:48 PM
- The $1,000 XRP Price Dream — How Ripple’s Solution For $300 Trillion Cross-Border Payments Could Propel It • ZyCrypto • 05/04/2024 07:39:52 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
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