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Ripple IPO: Speculation and $100 Billion Valuation After Circle's Surge

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by Giorgi Kostiuk

9 hours ago

Discussion on Ripple's potential IPO is escalating following Circle's recent successful debut on the New York Stock Exchange.

Speculation on Ripple's IPO

After Circle's stock surged over 600%, speculation surrounding Ripple's IPO has intensified. Attorney John Deaton stated that Ripple could reach a $100 billion valuation if it follows Circle's example.

Ripple's Valuation and Resources

Currently, the escrow balance in Ripple accounts stands at 36.2 billion XRP, with a nominal value of $78.8 billion. These reserves and a strong partner network provide a solid foundation for attracting market attention.

Changing Market Conditions

While Ripple was last valued at $11.3 billion, current market conditions could significantly alter that figure. Deaton noted that Circle's success may prompt Ripple executives to reconsider their IPO stance, as investor interest in blockchain companies is growing.

Thus, Ripple is poised for a potential IPO, considering the shifting market conditions and growing interest in cryptocurrencies.

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