RE: With all these deals and real life use cases, why doesn't Ripple's XRP price rise?

You are viewing a single comment's thread from:

With all these deals and real life use cases, why doesn't Ripple's XRP price rise?

in blockchain •  7 years ago 

"I believe Ripple can and will produce extra coins to combat price rises of the coin, so that kind of worries me."

"Not only is there a finite amount of XRP — just as with Bitcoin — XRP is actually a deflationary cryptocurrency, which means that a tiny amount of XRP is permanently shredded after each transaction. It’s the opposite of unlimited supply. As time goes on, the supply of Bitcoin remains the same while the supply of XRP will actually shrink, making it even more valuable with each passing day."
from:
http://www.huffingtonpost.com/entry/ripple-and-xrp-are-more-stable-than-you-think_us_591cb3bee4b0b28a33f62915

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hm... So much contradictory information, I am even more confused now.