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$XRP (XRP.CC)$ The post that Marval posted about Ripple CTO'...
The post that Marval posted about Ripple CTO's comment is misleading the XRP community.
Ripple CTO was cautioning on betting RLUSD will hold high value, he did not say anything about XRP (if I'm not wrong).
If the mechanism explained by Ripple stays true. XRP supply will just keep dropping and it is just a simple logic of "Supply less than Demand means price will go up".
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Marval : It's a "quote" from that article; but of course, always verify the official source:
https://x.com/JoelKatz/status/1868329931698245843?t=X4-sTmYiwjymZMdqk81Etw&s=19
104803845 : But it is still interesting nonetheless. If the demand in RLUSD is really that high, we may see bigger burn rate to the XRP supply.
Nonetheless, just a reminder is not life changing burn rate, typically per transaction burn rate is around 0.00001xrp
ezohtiek OP 104803845 : Indeed.. there's short term gain for sure.. but the biggest win will need time.. it's a long game.
104803845 ezohtiek OP : absolutely![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")