Ripple: Company's Valuation and IPO Plans

user avatar

by Giorgi Kostiuk

2 years ago

Ripple is considered one of the most promising cryptocurrency companies. Recently, its CEO mentioned holding $100 billion in XRP, prompting a reassessment of the company's valuation and IPO plans.

Ripple's Actual Valuation

Garlinghouse dismissed the $11 billion valuation of Ripple from early 2024 as outdated, emphasizing the importance of considering XRP holdings when determining its true valuation.

IPO Plans and SEC Challenges

Garlinghouse noted the challenges faced from the SEC as a reason for not considering an IPO. However, with a new more pro-crypto chairman expected, the company may reconsider its IPO plans.

Ripple USD Excitement

Garlinghouse emphasized the growing demand for Ripple's custody solutions and blockchain products. RLUSD has created significant excitement in the cryptocurrency market, and many believe Ripple could lead as a blockchain infrastructure provider.

With $100 billion in XRP and growing demand for its solutions, Ripple is well-positioned to strengthen its leadership in blockchain solutions for financial institutions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Fold Focuses on Customer Retention with New Products

Fold focuses on customer retention and balances with new products like Fold Reserve and Lead Bank spending accounts.

user avatarNguyen Van Long

Onramp Introduces New Business Bitcoin Account with Enhanced Security Features

Onramp has launched a new business Bitcoin account focusing on security and governance, supporting up to three named users and role-based permissions.

user avatarKofi Adjeman

Fold Reports $42 Million Revenue and $26 Million Net Loss in Q3

Fold reported $42 million in revenue and a $26 million net loss for Q3, attributing growth to Bitcoin gift card sales via TikTok Shop.

user avatarSatoshi Nakamura

Hyperscale Data Shifts Focus to Mining and Infrastructure Development

Hyperscale Data plans to generate future Bitcoin balances primarily from mining while targeting infrastructure development.

user avatarJesper Sørensen

Hyperscale Data Completes Sale of Remaining Bitcoin Reserves

Hyperscale Data has sold its remaining Bitcoin reserves, raising approximately $16 million for debt reduction and its Michigan AI campus.

user avatarRajesh Kumar

Coalition of Major Players Opposes Illinois Digital Asset Tax

A broad coalition, including the US Justice Department and major crypto firms, challenges Illinois' Digital Asset Tax Act, arguing it is punitive and discriminatory.

user avatarLucas Weissmann

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.