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xrp It was created by the co-founders of financial services company Ripple Labs in 2012 as a cheaper, faster alternative to Bitcoin. The cryptocurrency has a fixed supply of 100 billion coins ...
Although the "OG" crypto gets most of the media focus, another coin that's been around for some time, XRP (CRYPTO: XRP), presents a unique opportunity. XRP is the functional token of the RippleNet ...
XRP's price has fallen about 10% this year, but it has newfound momentum headed into 2025. ... If Ripple USD is able to take over even a tiny portion of the market dominated by Tether or USD Coin ...
XRP deserves your consideration alongside larger coins. Now you know how XRP's long-term value compares to Bitcoin's and Ethereum's, and I've touched on the limits of this token's target market.
Shortly after the XRPL was launched, McCaleb, Britto and Chris Larsen founded the company Open Coin in September 2012 to operate on the ledger. On September 26, 2013, OpenCoin officially changed its name to Ripple Labs, Inc. Unlike many cryptocurrencies, XRP was pre-mined, with 100 billion tokens created at inception.
In the longer term, of the 10 leading cryptocurrencies identified by the total value of coins in circulation in January 2018, only four (bitcoin, Ethereum, Cardano and Ripple (XRP)) were still in that position in early 2022. [115] The total value of all cryptocurrencies was $2 trillion at the end of 2021, but had halved nine months later.
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
XRP has been under scrutiny as the Securities and Exchange Commission (SEC) argued that its initial token sales violated securities laws. A judge imposed a small-than-expected $125 million fine on ...