<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/ripple-news-can-xrps-utility-lead-to-a-high-fair-market-value/">Ripple News: Can XRP’s Utility Lead to a High Fair Market Value?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent tweet, Australian lawyer Bill Morgan expressed skepticism about XRP’s current price struggles, raising the intriguing question of whether this cryptocurrency, often considered the black sheep and darling of the crypto world, could eventually surge to an astonishing price of $10,000. Is this speculation or a plausible future scenario?</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">It seems far-fetched when XRP struggles to stay above $0.50 but the issue of how to value XRP is a matter that needs a lot of consideration and open debate especially in light of Ripple’s emphatic rejection of the SEC’s assertion XRP has no inherent value. For Ripple, XRP value/1 <a href="https://t.co/9Hl4Ca6qZt" rel="noopener noreferrer nofollow">https://t.co/9Hl4Ca6qZt</a> <a href="https://t.co/yjKLul9k9m" rel="noopener noreferrer nofollow">pic.twitter.com/yjKLul9k9m</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1698299238042800628?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 3, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Morgan highlights Ripple’s resistance to the SEC’s claim that XRP has no inherent value. According to Ripple, the value of XRP comes from its “inherent utility as a bridge currency to facilitate cross-border payments.” He raises a crucial question: Can this utility drive the token to an astronomical market value?</p> 
<h2 id="what-is-the-real-value-of-xrp" data-name="what-is-the-real-value-of-xrp" class="wp-block-heading"><strong>What is the real value of XRP?</strong></h2> 
<p>Ripple has long defended the digital asset as being invaluable for facilitating cross-border transactions and serving as a bridge for CBDCs. The company argues that XRP’s utility lies in its functionality, not speculation. If this is the case, then its current market value is not reflective of its potential to transform global payments.</p> 
<p>XRP aims to play—serving as a bridge for central bank digital currencies (CBDCs). XRP isn’t just any bridge. It’s like the Golden Gate Bridge of cryptocurrencies, designed to handle heavy, incessant financial traffic with smoothness and this isn’t mere conjecture or hype. It’s a role XRP was designed for.</p> 
<h2 id="will-the-xrp-price-skyrocket" data-name="will-the-xrp-price-skyrocket" class="wp-block-heading"><strong>Will the XRP Price Skyrocket?</strong></h2> 
<p>To put it simply, if XRP is supposed to bridge transactions for all CBDCs worldwide, then a mere $10 per token won’t provide the liquidity needed to keep that bridge from collapsing under pressure. In such a scenario, a valuation of $10,000 or more per token might just be logical.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> was designed to settle CBDC's! There are not enough XRPz out there to brige all the money at a price of $10. XRP at $10'000+ is a logical conclusion<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9e0.png" alt="🧠" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Lord XRP (@Bitforcoinz) <a href="https://twitter.com/Bitforcoinz/status/1697965026345124040?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 2, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>For now, as Bill Morgan reminds us, the valuation of XRP deserves careful consideration and open debate. Dismissing the lofty $10,000 scenario as fantasy may not just be premature, but could also represent a significant blind spot in understanding the crypto-asset’s long-term potential.</p>

Ripple News: Can XRP’s Utility Lead to a High Fair Market Value?

Spis treści

CoinPedia News

Inne artykuły opublikowane 4 wrz 2023

Brian Armstrong Shares Ten Of His Favorite Crypto Innovations

Serenity Shield Wins "Best Technology Company" at the 6th Annual Burj CEO Awards

Nigeria Tops Global Crypto Data With 99% Awareness: ConsenSys Report

CZ Responds to FUD and Ensures Binance’s Financial Stability

99% of Nigerians are crypto aware - Consensys report

Cardano Defies Market Trends with Rising On-Chain Transaction Volume

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!