Ripple CTO David Schwartz answered a question regarding the price of XRP.
Ripple CTO David Schwartz on twitter answered a question regarding the price of XRP. He replied to the comment why no appreciation of XRP price even though XRPL has had a CLOB with cross-currency and cross-asset payments that use multiple paths for liquidity since 2012.
I don’t really have a good understanding of what affects the price of cryptocurrencies. But I will tell you what I think is true, though I can’t back it up with facts. It’s just my sense based on data, experience and maybe just feelings. …
Imagine I worked at Google in 2000 and I was telling you how search was going to be the next big thing and would eventually make billions of dollars of new wealth. You may not believe me. The markets sure didn’t believe that then. …
… But maybe I could convince you and you might become a true believer. Maybe you join Google. And you’d be in the right place at the right time. Gradually the markets come to believe it too. And many millionaires were made that way. …