Despite XRPL Mass Adoption, XRP Price May Not Benefit – The Ripple Paradox

2023-8-23 18:28

XRP, the native cryptocurrency of the Ripple payment network, has long been touted as a solution for cross-border payments and transactions. However, there are questions around whether XRP’s price will actually benefit from mass adoption of Ripple’s technology.

A recent Reddit discussion highlighted some key reasons why increased transaction volumes may not drive up XRP’s price. The core argument is that the amount of XRP needed to facilitate transactions is very small compared to the overall circulating supply of over 50 billion coins.

For example, even if $1 trillion worth of transactions occurred daily using XRP, this would only require around 37 million XRP. That would equate to an increase of just 0.07% to XRP’s market capitalization. Simply put, the sheer amount of existing XRP means transaction volumes barely put a dent in the available supply.

This dynamic contrasts with tokens like Ethereum, where increased usage of its blockchain for decentralized apps and services creates more demand for the limited ETH supply. With XRP, the flood of coins limits the impact of greater adoption.

The other side of the equation is XRP holders. If the majority of XRP is being “hodled” rather than transacted, then the buy and hold mentality becomes the real driver of price. Scarcity, not transaction volumes, increases value.

This analysis suggests Ripple’s On-Demand Liquidity product may do little to boost XRP price. What matters more is speculative investor activity. Without that, XRP could remain stagnant even if Ripple saw widespread global adoption.

The takeaway is that for XRP, mass usage does not necessarily equate to a higher valuation. The dynamics of supply and demand are more complex than basic transaction volume. Though intricately linked to Ripple’s technology, XRP’s price may follow its own distinct path.

The post Despite XRPL Mass Adoption, XRP Price May Not Benefit – The Ripple Paradox appeared first on CaptainAltcoin.

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Ripple (XRP) на Currencies.ru

$ 0.5541 (+0.19%)
Объем 24H $1.992b
Изменеия 24h: 3.48 %, 7d: 9.74 %
Cегодня L: $0.5389 - H: $0.5736
Капитализация $31.511b Rank 7
Цена в час новости $ 0.5303 (4.49%)

xrp ripple benefit price mass adoption transactions

Источник: captainaltcoin.com

xrp ripple → Результатов: 126


Сколько XRP у Ripple? Компания раскрыла свои резервы

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2024-11-3 12:03


Фото:

Ripple at crossroads as co-founder moves 30 million tokens amid reserve surge

Ripple (XRP), one of the most prominent cryptocurrencies, has garnered attention due to a series of significant market and on-chain events that have left the XRP community uneasy. With developments around large token transfers and increasing exchange reserves, questions have arisen about the future direction of XRP’s price. In this article, we explore these key […]

2024-9-27 21:56


Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption

A crypto analyst from the YouTube channel AllinCrypto presented a video to prove that Ripple’s XRP has the best chance of being used as a currency compared to other cryptos. His argument is that the strength of XRP is not that it uses a currency but that it can enable the existing fiat currencies’ capabilities […] The post Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption appeared first on CaptainAltcoin.

2024-8-29 23:45


Ripple начинает тестирование своего стейблкоина на Леджере Ethereum и XRP

Компания Ripple, ориентированная на предприятия блокчейн-сервис и создатель XRP Ledger (XRP), сообщила в пятницу, что начала тестирование своего стейблкоина в сети Ethereum (ETH) и XRP Ledger. “В настоящее время Ripple USD находится на стадии бета-тестирования и проходит тщательную проверку нашими корпоративными партнерами”, – говорится в сообщении компании в блоге.

2024-8-10 01:38


Ripple переместили 150 млн токенов XRP

Команда финтех-стартапа Ripple, стоящего за токеном XRP, перевела около 150 мдг XRP из своих резервов на различные криптокошельки. Суммарная стоимость переведенных токенов XRP составляет примерно $66 млн.

2024-7-11 08:47


Ripple Develops Cross-Chain Bridge to Expand XRP’s Reach to Ethereum

Ripple (XRP) has unveiled a development that aims to expand the reach of XRP and unlock new opportunities in the realms of decentralized finance (DeFi) and real-world assets (RWA). The introduction of the XRPL EVM Sidechain brings Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enabling seamless interoperability between the two ecosystems.

2024-6-13 20:15


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