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Cryptocurrency News Video

BREAKING: XRP Is So Scarce That 1000 XRP Is A LOT!

May 17, 2024 at 04:09 pm Levi

XRP is experiencing increased usage and market potential, with a focus on NFT sales and DeFi applications, and the distribution of XRP holders is not what is commonly perceived.

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✩ CHAPTERS ✩

00:00 💡 The distribution of XRP holders is not what you think, with a circulating supply of 55 billion XRP and a total supply of 100 billion.


00:50 📈 XRP Ledger transactions have significantly increased, especially in NFT sales, indicating a surge in usage and bullish market potential.


02:11 📈 XRP is becoming a popular choice for trading NFTs, with increasing sales and market dominance, as well as a rise in XRP DeFi applications.


03:12 📈 XRP scarcity is driving the creation of meme coins and new tokens, but for XRP to grow, these tokens need to be used more in Defi and trading applications.


04:11 💰 Developers need incentives to build on the XRP Network, and the XRP rich list has seen a lot of changes with increased volume and new users.


04:40 📈 Over 90% of XRP holders have a balance between 0 to 500 XRP, with almost 4 million accounts falling within this range.


05:40 🐋 Owning 500,000 XRP puts you in the top 10% of holders, with only 2300 accounts having this amount.


06:39 🚨 Owning 1000 XRP puts you in top 10% of holders, reaching high price targets could make holders hundreds of thousands of dollars, accumulate more XRP to set yourself apart from the community.
8.1 Owning more than 1,000 XRP puts you in the top 10% of holders, and if XRP reaches high price targets, it could make holders hundreds of thousands of dollars.
8.2 Accumulate more XRP to set yourself apart from the community and join the Discord Community for discussions.



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