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Top Trader Asks Key XRP Question About Ripple IPO
The crypto market is once again abuzz with speculation surrounding Ripple’s potential Initial Public Offering (IPO). In a recent tweet, top trader Ansem sparked debate by asking what would happen to the XRP token if Ripple were to go public. The question landed at a moment when XRP is holding strong above $2.
It appears that the market might not wait for official plans from Ripple, as traders and investors are already drawing parallels between Circle’s stock performance post-IPO and their own expectations of what could happen if Ripple decides to follow suit.
The data shows that Circle’s stock exploded 600% following its IPO, which has sparked comparisons with XRP. Would this mean the same explosive growth for XRP? Or would it result in a completely different outcome?
Accordingly, one cannot help but wonder if Ripple’s public listing could lead to a rally in the value of their token, potentially sparking a massive price increase.
Ripple currently holds 36.2 billion XRP locked in escrow – an asset valued at around $79 billion today. Additionally, we must not forget its active enterprise blockchain infrastructure and global banking integrations as well as its dominant role in cross-border payments.
Source: u.today
