This is the best comment. People here know the "value" but the market determines the "price".

I understand why people see the value proposition here and think these things are over-priced, its because people "trading" do not really have the depth and they are playing the market psychology game. For something new, this is more akin to Poker, at this time too many people are playing the people. The question is when the river card show up, who will remain standing.

The most apt description I've heard for cryptocurrency markets is that it's a Keynesian beauty contest for blank drawings.

That was Joe Kennedy. JFK's father

I heard recently of form workers/construction workers giving a friend crypto tips. Its everywhere.

don't pay too much attention to stories like that, there are easily countless stories that serve as counterpoint. example, warren buffett mentioned several times in his writings that very often, it's the regular folks who are more capable of spotting potential new investments rather than institutional investors, because they can see businesses succeeding in the real world much sooner than institutional investors spot them on balance sheets.

The entire market sank over the past few days. MoneyGram couldn't have predicted the drop, and I'm not sure why they'd rush the press release to coincide with it.

With 100B XRP eventually in circulation, $10 would give it a preposterous market cap. The current price is based on only 38B tokens in circulation.