My people! The intrigue is in the air and on all social media: Is Ripple, the company behind XRP, going public? Although Ripple's executives, Brad Garlinghouse and Monica Long, have said there are no plans for 2025, people just can't believe it! 🤫
Ripple has been making master moves that smell of preparation for something big. Imagine this, they recently did a stock buyback worth $700 million! And as if that weren't enough, they are hiring key personnel to manage investor relations and corporate development. Additionally, they spent $1.25 billion acquiring a brokerage firm, Hidden Road, and closed a $250 million deal with Metaco, a custody provider. All of this screams "long-term growth"!
Deaton drops the bomb: Will Ripple be worth more than Circle? 🤯
Things got more interesting when lawyer John Deaton, famous for being pro-XRP, shared his opinion after watching a video of Garlinghouse talking about how Circle performed in the stock market. Deaton was clear: Ripple is not in a hurry nor does it need money, but the timing of its stock market debut is crucial.
And here comes the good part: Deaton threw out the big number. If Circle, a crypto company, could reach a market capitalization between $62 billion and $75 billion, then Ripple —with its nearly 40 billion XRP currently worth about $2 per coin, totaling about $80 billion!— could easily reach $100 billion in the current market! That's an amount you can't even imagine! 🤑
XRP: Between the roller coaster and institutional love 💖
The price of XRP has been like a roller coaster since January, when it fell from $3.40 and has remained around $2. Although it had a brief spike to $3 in March when Donald Trump suggested including XRP in a national cryptocurrency reserve, it has since stayed steady in that range.
But be careful, because big companies' interest in XRP is growing. Recently, VivoPower partnered with the Flare blockchain to leverage its XRP holdings and even invested $121 million in XRP for its own treasury.
So, although Ripple's IPO remains speculation, all these moves and the growing interest in XRP have investors glued to the screen. The story of Ripple continues to be a hot topic, people! $XRP