Massive Potential Ahead for Ripple (XRP) as Adoption is Still in its Early Stage: Report
The post Massive Potential Ahead for Ripple (XRP) as Adoption is Still in its Early Stage: Report appeared on BitcoinEthereumNews.com. TL;DR Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest. Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022. Analysts are optimistic about XRP’s future value, influenced by Ripple’s court wins against the SEC and potential factors like banking collaborations, market trends, and technological advancements. ‘Factor This Into Your Estimates’ According to the most recent data, XRP adoption might be still in its early days. The X (Twitter) user FrancisBovineSwift shared the stats, saying there are over 3.6 million wallets holding less than 500 XRP (equaling around $240 at current rates). The majority of those addresses hold between 20 and 500 tokens, while the rest own up to 20 coins (less than a mere $10). Next time you are looking at the https://t.co/6hsVbQITMp site, and wondering where you stand, remember that out of the 4.8 million wallets, over 3.6 million wallets hold less than 500 XRP. Factor this in to your estimates when factoring in the other 8 billion souls walking this… pic.twitter.com/C37QBI6hre — FrancisBovineSwift
The post Massive Potential Ahead for Ripple (XRP) as Adoption is Still in its Early Stage: Report appeared on BitcoinEthereumNews.com.
TL;DR Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest. Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022. Analysts are optimistic about XRP’s future value, influenced by Ripple’s court wins against the SEC and potential factors like banking collaborations, market trends, and technological advancements. ‘Factor This Into Your Estimates’ According to the most recent data, XRP adoption might be still in its early days. The X (Twitter) user FrancisBovineSwift shared the stats, saying there are over 3.6 million wallets holding less than 500 XRP (equaling around $240 at current rates). The majority of those addresses hold between 20 and 500 tokens, while the rest own up to 20 coins (less than a mere $10). Next time you are looking at the https://t.co/6hsVbQITMp site, and wondering where you stand, remember that out of the 4.8 million wallets, over 3.6 million wallets hold less than 500 XRP. Factor this in to your estimates when factoring in the other 8 billion souls walking this… pic.twitter.com/C37QBI6hre — FrancisBovineSwift
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