💥The CTO of #Ripple , David Schwartz, has clarified the persistent confusion regarding the all-time high (ATH) price of $XRP . While CoinMarketCap lists it at $3.84, Coingecko and others place it at $3.65, recently reached.
Schwartz explains that the value of $3.84 comes from averaging the XRP/WON exchange rates on Korean exchanges, using an unrealistic Won to USD exchange rate, a phenomenon known as "Kimchi Premium." This inflates prices in South Korea. Despite the discrepancy, experts anticipate that XRP will soon surpass the $3.84 threshold, with projections of reaching double digits before the end of the month.
Schwartz explains that the value of $3.84 comes from averaging the XRP/WON exchange rates on Korean exchanges, using an unrealistic Won to USD exchange rate, a phenomenon known as "Kimchi Premium." This inflates prices in South Korea. Despite the discrepancy, experts anticipate that XRP will soon surpass the $3.84 threshold, with projections of reaching double digits before the end of the month.
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