I found that Ripple has a plan to "destroy" certain amount of XRP that are available on the market. It should be done with every transaction (if I remember well).
On 8th June, I took screenshot of Ripple stats at the market. Just to see if something would change.
This is from 8th June.
This is from today.
With simple calculation 38.621.693.933 - 38.290.271.363 = 331.422.570 we could see that Ripple destroy more than 330 million XRP that are available at the market!
I am interested to see what amount of XRP will be "destroyed".
Does this mean it will go up or down lol?
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It's hard to say because there are still too many coins - more than 38 billion. If they keep like this and also incress market cap, price should go up.
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Sounds Good To Me!
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Ripple can "destroy" XRP at any given moment?
So they must be able to create it at any given moment also?
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