XRP's 58.8 Billion Circulating Supply | Can it Reach New Heights?
Edited By
Yuki Tanaka
A growing number of people are debating how XRP could soar to the 20s, 30s, or even higher. Comments on forums confirm that many believe its true value lies in its functionality beyond just being a coin.
The Bigger Picture
XRP isn't viewed as a meme currency; it’s seen as a real-time value transfer system. Recent discussions emphasize how its ledger records every transaction securely. One contributor mentioned, "You’ll be able to use a fraction of your real estate token to buy a hamburger in India There will be no borders when it comes to value."
Major Themes from the Discussion
Functionality Over Supply: People emphasize that XRP serves a practical purpose beyond speculation. The potential for global transactions makes it more appealing.
Impact of Adoption: Comments highlight that XRP’s value may increase significantly once banks start using it widely for international transfers.
Deflationary Mechanisms: The observation about transaction fees burning a portion of XRP for network efficiency adds an important layer to the scarcity discussion.
Insights from the Community
"Mass adoption. 20s or 30s is doable even if you believe market cap matters."
Commenters noted that even traditional currencies have considerable circulation. One asked, "Is the sheer number really the only issue you’re worried about?"
"This sets a dangerous precedent for coins," remarked one contributor, as the community expressed various sentiments on XRP's scalability and potential.
Key Takeaways
△ XRP operates as a real-time value transfer system, beyond simply being a coin.
▽ A small amount of XRP is burned with each transaction, creating deflationary pressure.
⚡ Users anticipate massive adoption can drive prices up, with banking institutions playing a crucial role.
Ultimately, XRP's journey seems tied to how financial institutions adopt blockchain technology for transferring value, and the community remains hopeful that a shift in use could spark a significant price increase.
Looking Ahead for XRP's Potential Growth
There's a strong chance that as more banks and financial institutions adopt blockchain technology, XRP’s price may surge. Experts estimate that if large banks start incorporating XRP for international transactions, its value could easily reach the 20s or even the 30s. The community's confidence stems from XRP's unique function as a real-time payment method, distinct from traditional cryptocurrencies. People are particularly optimistic about the burning mechanism of XRP, which reduces supply over time and strengthens its value. With an increasing number of conversations in forums about its real-world applications, the conditions seem right for significant price changes in the near future.
A Lesson from a Different Arena
Consider the rise of the internet in the late 1990s—initial skepticism surrounding its practicality slowly transformed into widespread adoption, leading to unprecedented growth in e-commerce. Just as pioneers in tech recognized the internet's potential long before many accepted it, XRP is carving out its niche in the financial ecosystem. The lessons learned from that era highlight that transformative technology often requires time, trust, and gradual acceptance. As XRP continues to gain traction and demonstrate real-life relevance, reflecting on this parallel may provide valuable insight into the type of evolution XRP might undergo in the coming years.