It was to my surprise to learn today that XRP might be over valued by more than 40%. Based on what I have read and heard amongst all the news. The current circulating supply is to be lower than that reported on major market cap listings. I find this hard to believe as the circulating supply times its current value identifies its market cap. All the coins circulating are counted and just do not disappear. If this was the case then bitcoins market cap needs to be adjusted as there are more than a million coins lost to the ether, that will never see anyones hands which includes Satoshis wallet ;).
What kind of chess move was played with this news? Was this an attempt to bring FUD and lower the price of XRP?
Well XRP holders hold strong as the project has its place and looks to be a very profitable investment in the future.