I'm compairing last xrp cycle using Wyckoff law of cause and effect, which states that the impulse move is proportional to the energy accumulted in the trading range.
We can see that the range price excursion is narrower (-35% difference ) but in this cycle the accumulation is lasting much longer, atm +86% of the previous one. This means that the move we are expecting will be stronger than the previous one, if we want to make an estimate we can compare the +1000% move, multiply it for 0.65 (price excursion diff.) and for 1.86 (range length) = +1200% That means appx. 7.10$ and a market cap around 144B
It is interesting. Doesn't take into account new competitors which may be the cause of less optimistic run. Good and quite realistic
ThumbSkin
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@MagnatUK, which other competitors have alrdy built volume of on demand liquidity needed to make Instant settlements amongst various fiats?
MagnatUK
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@ThumbSkin, Stellar, Quant etc Fiat is not unique anymore. On every exchange you can use fiat now. There are better more decentralized startups out there.