Ripple’s XRP saw its value soar parabolically to an all-time high of almost $ 3.5. This happened during the massive bull run of 2017. Since then the token has lost 92% of its value.
Even after the drastic depreciation in value, XRP is the 3rd largest cryptocurrency by market cap. Currently there are around 43 billion coins in circulation.
According to Ripple’s policies, there will only be 100 billion XRP ever. All XRP tokens are meant to supplement payments and business transactions on the RippleNet.
It makes sense for you as a potential XRP buyer to know that the coin’s existence is independent of RippleNet. The technology’s potential is promising with respect to redefining monetary settlements between banks, payment processing companies, and other financial institutions.
Because of it’s market ranking and dirt cheap price, Ripple’s token still continues to generate a lot of buying interest. All the more, as people find it difficult to buy Bitcoin (or say one whole BTC) due to its exponential rise in value over the…
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