XRP Ranks as a Store of Value Alongside Bitcoin and Litecoin, Grayscale and Artemis Confirm

Two notable digital asset firms have ranked XRP, the native token of the XRP Ledger, alongside a few other high-caliber cryptocurrencies as a store of value.

Two digital asset firms have highlighted XRP’s role as a store of value.

Grayscale, the world's largest digital asset manager, mentioned three assets in its crypto sector that serve as a medium of exchange, a store of value, and peer-to-peer transactions in a Monday tweet. XRP, Bitcoin, and Litecoin were the only three examples on the list.

Grayscale highlighted XRP’s superior qualities, including its hard-capped supply, utility as a global store of value, resistance to censorship, and adoption as a means of peer-to-peer transactions. Furthermore, the asset manager described the XRPL native token as a currency for instant global transfers and a bridge between fiat currencies for cross-border payments.

Artemis, a data infrastructural platform, also classified XRP as a store of value. The protocol also included Bitcoin Cash and Moreno in this category.

However, XRP ranks higher due to its enormous market cap. The high-caliber asset has a current valuation of around $139 billion, making it the third-largest crypto asset, and a fully diluted valuation of $242 billion.