Pundit Says Most People Will Only Have Dust of XRP at $5. Here’s why
Main Idea
A cryptocurrency pundit, Xena, argues that as XRP's price rises, most people will only be able to afford small amounts ('dust') of the token, making it increasingly inaccessible to average investors.
Key Points
1. XRP's price recently broke above $3, making it more difficult for average investors to acquire significant amounts of the token.
2. At $3.16, $1,000 can only purchase approximately 316 XRP, compared to 2083 XRP when the price was $0.48 in July 2024.
3. Entering the top 10% of XRP holders now requires purchasing 2,400 XRP, costing over $7,500 at current prices.
4. Xena predicts XRP could reach $5, further limiting affordability for most investors unless they are already wealthy.
5. The rising price of XRP is making it harder for average investors to accumulate meaningful holdings, potentially restricting broader participation.
Description
A prominent XRP community analyst has raised concerns that the token may soon reach a valuation where most retail investors can only afford fractional amounts. Xena, a well-followed voice in the XRP ecosystem, made this claim after the asset finally broke above the $3 price level, following several failed attempts in recent months. Xena’s remarks came shortly after XRP rose to $3.16, a development that marks a significant shift in the asset’s accessibility for everyday investors. She noted that ...
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