Gate News bot message, market expert Crypto Eri emphasizes through detailed mathematical calculations that if Ripple (XRP) captures 14% of SWIFT's annual cross-border transaction volume, it could impact the supply and daily volume of XRP. Notably, this market expert highlights that if Ripple is to handle such a large proportion of XRP (approximately $4.2 trillion), then only a very small portion of the total supply of XRP would be needed to support this transaction.
According to Crypto Eri's calculations, an annual volume of $420 billion corresponds to about $11.5 billion in daily trading. To assess the number of altcoins needed to achieve this goal, the analyst assumed a deliberately conservative scenario in which each token is used once every three minutes. This is much slower than the actual settlement speed of XRP, which is 3 to 5 seconds, but this scenario was chosen to reflect the potential liquidity management constraints in real-world applications.
There are 86400 seconds in a day, and each transaction takes about 80 seconds, so each XRP can be used for a maximum of 480 transactions per day. Additionally, according to Crypto Eri's calculations, at the current market price of $2.15, one XRP can facilitate transactions worth $1032 per day. To handle an expected daily trading volume of $11.5 billion, approximately 11.15 million XRP tokens are needed.
Compared to the current circulating supply of XRP (approximately 58.82 billion coins), this figure is remarkable. Crypto Eri stated that only 0.0190% of that supply is needed to handle the calculated volume, further demonstrating that the high circulation speed and reusability of XRP make it a potential efficient bridge asset.
Overall, Crypto Eri's Ripple-SWIFT analysis model fully demonstrates the practicality of XRP in the global payment sector. Her calculations and predictions have also attracted widespread attention from the entire cryptocurrency community, with some independent researchers and members acknowledging her assessments and contributing their data-driven models to further validate these predictions.
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Market experts: What impact would it have on the coin price if XRP accounts for 14% of SWIFT volume?
Gate News bot message, market expert Crypto Eri emphasizes through detailed mathematical calculations that if Ripple (XRP) captures 14% of SWIFT's annual cross-border transaction volume, it could impact the supply and daily volume of XRP. Notably, this market expert highlights that if Ripple is to handle such a large proportion of XRP (approximately $4.2 trillion), then only a very small portion of the total supply of XRP would be needed to support this transaction.
According to Crypto Eri's calculations, an annual volume of $420 billion corresponds to about $11.5 billion in daily trading. To assess the number of altcoins needed to achieve this goal, the analyst assumed a deliberately conservative scenario in which each token is used once every three minutes. This is much slower than the actual settlement speed of XRP, which is 3 to 5 seconds, but this scenario was chosen to reflect the potential liquidity management constraints in real-world applications.
There are 86400 seconds in a day, and each transaction takes about 80 seconds, so each XRP can be used for a maximum of 480 transactions per day. Additionally, according to Crypto Eri's calculations, at the current market price of $2.15, one XRP can facilitate transactions worth $1032 per day. To handle an expected daily trading volume of $11.5 billion, approximately 11.15 million XRP tokens are needed.
Compared to the current circulating supply of XRP (approximately 58.82 billion coins), this figure is remarkable. Crypto Eri stated that only 0.0190% of that supply is needed to handle the calculated volume, further demonstrating that the high circulation speed and reusability of XRP make it a potential efficient bridge asset.
Overall, Crypto Eri's Ripple-SWIFT analysis model fully demonstrates the practicality of XRP in the global payment sector. Her calculations and predictions have also attracted widespread attention from the entire cryptocurrency community, with some independent researchers and members acknowledging her assessments and contributing their data-driven models to further validate these predictions.
Source: NewsBTC.com