There have been many rumours about the Ripple-SEC case. By those rumours the case would have already been wrapped up, Ripple would have won, etc etc. That said, the facts on the case right now seem to imply that the SEC is on the losing end. While I believe, or dare I say understand, most of us XRP winning is a good thing, buying XRP itself this year may not be a good idea, if you like profit. This has nothing to do with the case and more to due with XRP's fundamentals/tokenics and the market.
This year, XRP is set to release almost 46 Billion XRP tokens that amounts to approximately 18 Billion dollars. For context, XRP has a current market cap of $20.1 Billion . This means that XRP is nearly doubling the current circulating supply. Further, XRP has max supply of 100 Billion tokens. This means XRP is releasing 46 Billion XRP, almost 50% of the total supply.
So, theoretically, XRP has huge downside potential. I'd never presume to know what the degens out here might choose to do, but the fundamentals on tokenomics are not great this year. It is also fair to point out that the supply being released only affects the price if the recipients choose to actually sell or lend, i.e. in some way put the tokens on the market. Tokens must be on the market to be able to impact circulating supply and hence the price. But realistically, we should probably expect some decent amount of recipients selling XRP.
In the low chance I'm wrong and y'all come back in 2024 to crucify me, not financial advice.
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