• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and XRP: Dynamics amid SEC changes and plans with Trump

user avatar

by Giorgi Kostiuk

a year ago

Ripple has returned to the spotlight following Donald Trump's election and Brad Garlinghouse's ambitious plans with the former president. The price of XRP surged significantly following news of Gary Gensler's resignation as SEC chair.

Changes in SEC and their impact on XRP

With a new SEC chair in place and Brad Garlinghouse's recent dinner with Trump, it seems that prospects for the coin are starting to clear up.

Comparing XRP and stablecoins

In a recent podcast, Bloomberg’s Mike McGlone expressed his confusion over the value of XRP when compared to stablecoins like Tether. Both have market caps between $100 billion and $140 billion. McGlone noted that stablecoins offer instant and low-cost transactions and are considered secure, while the value of XRP remains a mystery.

I can't find a rational explanation anywhere for the value of XRP in this context.Mike McGlone

Potential of Ripple technologies and future outlook

The CEO and co-founder of CoinRoutes stated that Ripple believes their ledger will be used by the banking system to launch their own stablecoins. He believes in the XRP Ledger technology as a replacement for SWIFT. In the future, the price could reach $7 to $10.

If you believe that the XRP Ledger will be the technology underlying the replacement for SWIFT, you could come to a valuation between $7 and $10.CEO CoinRoutes

Ripple and its cryptocurrency XRP are experiencing significant changes amid political and regulatory events, offering interesting prospects for the future of the financial system.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance to Delist 18 Margin Trading Pairs by December 30

chest

Binance will delist 18 margin trading pairs by December 30, 2023, affecting both cross margin and isolated margin users.

user avatarNguyen Van Long

Terraform Labs Initiates $4 Billion Legal Action Against Jump Trading

chest

Terraform Labs has filed a $4 billion lawsuit against Jump Trading, alleging their involvement in the collapse of TerraUSD in 2022.

user avatarSatoshi Nakamura

ZKP's Modular Architecture Supports Iterative Experimentation

chest

ZKP's architecture, built on Substrate, allows for modular and upgradeable execution, supporting iterative experimentation without the need for hard forks.

user avatarJesper Sørensen

Hybrid Consensus Model Under Testnet Evaluation

chest

ZKP's testnet is currently evaluating a hybrid consensus model that combines Proof of Intelligence (PoI) and Proof of Space (PoSp) to coordinate decentralized AI computation and storage validation.

user avatarRajesh Kumar

Increased Activity in Silver Tokens Linked to Price Surge

chest

The rise in silver prices has led to increased on-chain activity related to silver tokens, indicating a correlation with the physical asset's value.

user avatarLucas Weissmann

Challenges and Strategies for Silver Investors Amidst Price Surge

chest

While the rally in silver prices is exhilarating, savvy investors know that volatility is the constant companion of commodity markets. Investors are advised to avoid emotional, reactionary trading and consider a disciplined approach.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.