Cryptocurrency Q&A
Why is Ripple so cheap?
Why is Ripple so cheap?
CloudlitWonder
Wed Mar 27 2024
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7 answers
1085
Excuse me, I'm a bit confused. I've been looking at the cryptocurrency market, and I can't help but notice that Ripple's price seems to be significantly lower compared to some other major coins like Bitcoin and Ethereum. It's puzzling to me, considering Ripple has a lot of real-world applications and partnerships with major banks and financial institutions. Can you explain why Ripple's price is so cheap?
7 answers
Silvia
Fri Mar 29 2024
Ripple maintains a substantial portion of XRP tokens in escrow.
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emma_lewis_pilot
Fri Mar 29 2024
By maintaining a significant portion of its tokens in escrow, Ripple can control the supply and prevent excessive inflation.
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Nicola
Fri Mar 29 2024
This escrowed XRP has resulted in a relatively high circulating supply compared to other cryptocurrencies.
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BlockchainBaron
Fri Mar 29 2024
The large supply of XRP tokens can potentially contribute to lower individual token prices.
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Riccardo
Fri Mar 29 2024
The escrowed XRP serves as a safeguard to ensure the stability of the Ripple network.
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