I am a little old school and don't believe that Ripple will offer enormous returns. My friends sold it at $ 2.50,
My reason is the market cap of Visa which was 250 Billion USD,whereas Ripple had a Market cap of 120 Billion at the Price of $3.
- There are 3 Billion Visa Cards issued both Debit and Credit, where the Transaction last Quarter was $1.9 Trillion.
- The Market is expecting 8-9 Trillion dollar of transaction is FY2018 (September end followed by VISA). Visa has $7 Billion USD profit last year and it's expected to reach $ 8 Billion this year.
- It' s high Free cashflow generating business, with a monopoly. Ripple on the Other side is not accepted by any bank, no Customers yet.
- The total estimated transaction is just $44 Million on Ripple.
So those who believe that it 'll reach $5 by the end of 2018 are foolish.
I agree with you! The supply is also waaaaay to high for supply and demand.
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