Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The cryptocurrency XRP had a total transaction volume of $14,019,710,594, a circulating supply of 45,404,028,640 XRP and a market price of 0.06124 $/XRP last quarter.
The cryptocurrency XRP had a total transaction volume of $14,019,710,594, a circulating supply of 45,404,028,640 XRP and a market price of 0.06124 $/XRP last quarter. The benchmark Price-Transactions (PT) ratio for these type cryptocurrencies is 13 times. What price would you consider appropriate?
$12.47 | ||
$19.16 | ||
$25.78 | ||
$18.08 | ||
$48.29 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started