🚨🚨🚨ELON MUSK claims to change TWITTER name to X For Big Reference to ( RIPPLE XRP ).🚨🚨🚨
😱😱😱Elon Musk shows interest in XRP; beginning of a new era for Ripple?😱😱😱#
AuthorMILLIONARIOSanonymous
Published 15.11.2024, 11:11
XRP
Investing.com – Ripple has shaken up the cryptocurrency market once again after Elon Musk, the eccentric tech billionaire and owner of the X platform, publicly mentioned XRP for the first time. This unexpected reference has excited many investors and raised questions about XRP’s future role in the global financial system. But what’s behind this mention, and how do the recent activity on Ripple Ledger and the plans for a possible IPO fit into this scenario?
Unexpected growth on Ripple Ledger
As the community waits with bated breath, Ripple Ledger has seen an unexpected surge in activity. Analytics platform Santiment reported a massive spike in the number of active wallets, reaching a three-month high. Most impressively, Ledger recorded the highest number of new wallets created in a single day since March. However, the question remains: what is driving this sudden increase?
Analysts suggest that the recent focus on XRP, due to the SEC lawsuit and regulatory developments, may be partly to blame. However, the growth in wallets has not yet reflected any major jumps in XRP’s price. With 58% of transactions dominated by just 10 large wallets, debates about the decentralization of the network are once again emerging.
Garlinghouse and the Future of Stablecoins
Ripple CEO Brad Garlinghouse recently gave more details about the company’s stance on stablecoins and the regulatory challenges surrounding them. Surprisingly, he revealed that Ripple has already been responsible for the issuance of 20% of all USDC, highlighting the company’s relevance in the stablecoin market and the associated opportunities
