Concerns Surface Over Ripple’s Planned IPO Hurting XRP
There have been speculations that cryptocurrency giant Ripple is preparing to launch an Initial Public Offering (IPO), which has raised concerns among the XRP community about the potential negative impact on the price of XRP. However, crypto expert Panos Mourkas believes that an IPO from Ripple will actually increase interest in XRP. The visibility and credibility of Ripple on Wall Street will attract mainstream investors who recognize the potential of XRP, leading to increased demand and prices.
Ripple IPO and its Impact on XRP
Ripple’s recent hiring trends have been seen as preparations for an IPO, sparking reactions from XRP enthusiasts. Concerns have been raised about Ripple dumping and manipulating XRP after the IPO. However, Mourkas argues that Ripple going public will provide bigger exposure and awareness for the company, its products (some of which use XRP), and XRP itself. It’s important to note that Ripple and XRP are separate entities, so an IPO would involve selling shares of Ripple stock, not XRP tokens. Even if Ripple’s valuation drops post-IPO, XRP remains independent with more utility beyond Ripple.
Future of Ripple and XRP
Ripple is close to settling its legal battle with the SEC and has been chosen by the National Bank of Georgia as a partner for a pilot of the Georgian Lari currency. Meanwhile, XRP has been deemed not to be a security by a US federal judge and has experienced significant growth. It recently entered the Dubai crypto market through integration with the Dubai Financial Services Authority. These developments suggest further potential upside for XRP when Ripple’s IPO is established. According to one of Ripple’s co-founders, there is a belief that XRP price will reach $10,000.
Hot Take: Ripple IPO Could Boost XRP Price
Ripple’s planned IPO has raised concerns among the XRP community, but experts like Panos Mourkas believe it could actually benefit the price of XRP. The increased visibility and credibility of Ripple on Wall Street are expected to attract mainstream investors who recognize the potential of XRP. As a separate entity from Ripple, XRP will remain an independent digital asset with more utility beyond Ripple. Therefore, an IPO from Ripple would involve selling shares of Ripple stock, not XRP tokens. With ongoing developments and potential partnerships, there is a belief in the crypto community that XRP has significant growth potential in the future.
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