Ripple’s IPO May Ruin XRP Price, Experts Warn

2020-1-29 13:28

Coinspeaker
Ripple’s IPO May Ruin XRP Price, Experts Warn

Off lately, the San Francisco-based blockchain startup Ripple has been frequent in news. Ripple CEO Brad Gralinghouse has been much vocal about his company’s plans for 2020 and ahead.

During the last week’s World Economic Forum 2020, the U.S. Treasury Secretary Steven Mnuchin expressed confidence in the development of new cross-border payment systems. Post Mnuchin’s statement, Ripple CEO Brad Garlinghouse also said that this could turn positive in favor of the company.

Ripple has been actively working in the past on blockchain-powered payments as well as XRP-based payment solutions. Thus, any positive move from the government in this regard could be beneficial to Ripple. But Garlinghouse’s optimism doesn’t stop here.

Ripple IPO Plans Can Turn Negative for XRP

In another statement, the Ripple CEO predicted that a number of crypto companies will go public this year, and Ripple can be one of them. He said:

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… It’s a natural evolution for our company.”

This news about Ripple going public has really got the crypto world thinking. But experts have warned that it is difficult to predict the reaction of the XRP community on Ripple’s IPO plans. Christy Ai, anchor at Boom Bust thinks that the company’s IPO plans can be detrimental to the XRP price. Explaining it, Christy says:

“Right now, half the people at XRP they are not using it for the actual utility, they are holding it like an investment. Back when it ballooned to $3, or even now when it’s at $0.22, that value as a utility token, it’s not worth $0.22. So we’re expected to see a major devaluation even though it does have a utility purpose.”

He added that with Ripple going public and listing its shares, investors of XRP will be upset as it will negatively impact the speculative nature of XRP tokens.

Last year, Ripple secured the highest funding in the blockchain industry raising over $200 million. The company has said that it will use these funds for opening global offices and hiring more talent. Besides, Ripple also said that it plans to expand its XRP payments network in other regions of the world.

Expansion Plans

It is also known that going public is not the only ambitious plan of Ripple. The company is also planning to continue its expansion across the globe. Now it is going to actively develop its ties with partners in Brazil.

In 2019, Ripple already established relations with such major banks as Bradesco and Santander. But the company doesn’t want to stop. It wants to win the market offering cheap and instant cross-border payments. And Brazil will be one of the priorities for this year.

Ripple’s IPO May Ruin XRP Price, Experts Warn

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) íà Currencies.ru

$ 0.519 (+0.40%)
Îáúåì 24H $1.199b
Èçìåíåèÿ 24h: 0.42 %, 7d: 0.18 %
Cåãîäíÿ L: $0.5138 - H: $0.5209
Êàïèòàëèçàöèÿ $28.732b Rank 7
Öåíà â ÷àñ íîâîñòè $ 0.2687 (93.15%)

ripple experts xrp ipo may price ruin

Èñòî÷íèê: coinspeaker.com

ripple experts → Ðåçóëüòàòîâ: 42


XRP fan following on the rise; records a majority of positive tweets in every country

Even as Bitcoin continued to dominate yet another chart with a flow of exceptionally positive sentiment on Twitter, XRP recorded a majority of positive tweets in every country. Owing to Ripple’s ongoing developments, collaborations and the recent onboarding of several industry experts on its platform, the XRP community has been mostly positive about the technology […] The post XRP fan following on the rise; records a majority of positive tweets in every country appeared first on AMBCrypto.

2019-7-9 19:30


Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline

Bitcoin is fast losing its ground as the stable coin it once was a few days ago, the current market report shows that the digital asset has taken a downward movement in price. There are fear and frustration among the investors who have taken to the advice of some experts that predicted the downward slide […] The post Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline appeared first on ZyCrypto.

2018-11-19 17:40


Many Crypto Experts Think XRP is Not a Security, But What Happens if Ripple’s Coin is Ruled One?

Earlier in June, William Hinman, the Director of the Division of Corporate Finance in the SEC, declared that Ethereum is not a security. The announcement came as a reprieve to crypto investors. Speaking on Ethereum, Hinman noted that it operates on a decentralized network, rather than a typical centralized platform that usually offers securities. For […]

2018-10-30 23:14


XRP Crashes 40% From September High

This year has been a strange one for XRP (and digital currency in general!), the token has seen fluctuation after fluctuation and the price has never stayed in one area for a long period of time. The token, owned and designed by Ripple, has recently seen a change in price over the past month and even a time when we thought that the bad times were essentially over but now it has crashed down by over 40% from its high in September of $0.

2018-10-11 12:30


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Ripple’s Latest Move Bolsters It As A Digital Asset Custody Provider

Ripple is transitioning into a full-service digital asset custody provider, following its acquisition of Metaco, a Swiss-based leader in the sector, for $250 million in May 2023. This development represents a significant expansion of the fintech’s capabilities into the institutional crypto custody market—a segment that is expected to experience substantial growth over the next decade. […]

SEC Takes Another Stab At Ripple In Its Final Brief: Details

The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling.

XRP Lawsuit: SEC Counters Ripple’s Motion To Strike – A Detailed Analysis

In the XRP lawsuit, the Securities and Exchange Commission (SEC) has countered Ripple Labs’s recent motion to strike the declaration of SEC summary witness Andrea Fox. The agency’s filing asserts that the testimony is permissible as summary evidence under federal law, not requiring expert disclosure as claimed by Ripple.

Ripple Replaced XRP With USDT For US Clients, Here’s Why

In yesterday’s court filing opposing the US Securities and Exchange Commission’s (SEC) motion for remedies and final judgment, Ripple disclosed significant changes to its On-Demand Liquidity (ODL) operations in the United States.

Ripple’s 3-Year Growth Strategy Unveiled By CEO Garlinghouse

In an interview with FOX Business, Ripple CEO Brad Garlinghouse detailed the company’s ambitious plans for growth over the next three years, highlighted by the launch of a US dollar-backed stablecoin and a strategic expansion in international markets amidst ongoing regulatory challenges in the United States.