How much XRP does the average holder have?
Most participants that replied, hold something between 10,000 and 50,000 XRP. If we calculate that every holder holds the minimum amount within the range stated, then the average comes to 53,337 XRP per participant.
At the time of writing, the total supply of XRP has decreased to 99.99 billion from its initial level of 100 billion.
Digital Asset Investor, one of the most prominent YouTube personalities in cryptocurrencies, with a massive audience of over 144K subscribers believes that XRP could go as high as $250 per token.
The current Ripple CEO is Brad Garlinghouse, who owns a reported 6.3% stake in the company, as well as additional XRP tokens. His net worth, based on the current rate, would be nearly $10 billion, placing him in the mid-50s on Forbes' list of wealthiest Americans.
Ripple owns about 6.4 billion XRP, and Garlinghouse and Larsen also own a good chunk of it. Another 48 billion XRP are held in reserve, for periodic sales.
Both of the top cryptocurrencies have made millionaires out of early investors. XRP has not provided such astronomical returns to the crypto traders who own the cryptocurrency. Many investors have mixed opinions about the crypto token's ability to achieve network growth that could make millionaires out of its holders.
If the Ripple business performs well, in 10 years, XRP can theoretically exceed new heights. Based on current projections, most experts have agreed that Ripple's price can go up to the $250-$300 range in ten years. Ripple Coin News says that Ripple price could rise to $30 in 10 years.
A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of bitcoin and begin to rise again. CoinQuora sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.
Can Ripple (XRP) Hit $100 or $1000? Yes, it is possible for Ripple to hit $100, but it is unlikely. And it's even more unlikely for the token to reach $1,000. This is because for XRP to reach $1,000 per coin, its market cap would have to reach at least $100 trillion, which we're very unlikely to see any time soon.
October 2022: XRP Price Forecast
Cryptocurrency experts are ready to announce their forecast for the XRP price in October 2022. The minimum trading cost might be $0.39, while the maximum might reach $0.42 during this month. On average, it is expected that the value of XRP might be around $0.40.
How many banks will use XRP?
But RippleNet, with the help of the XRP token, has made an impact, with more than 300 financial institutions in at least 45 countries signing on to use the platform.
Chris Larsen, co-founder and executive chairman of Ripple, has 5.19 billion of the company's digital coin XRP and a 17 percent stake in the company, according to Forbes, citing sources at Ripple. With XRP hitting a high of $3.84 on Thursday, Larsen's holdings are worth about $59.9 billion.
Often, the actions of 'whales', or those who hold vast amounts of a particular cryptocurrency, may be used as a basis for making evaluations. In terms of the XRP whales – those holding between one and ten million of the coin – one thing has been clear.
XRP is a technology that is mainly known for its digital payment network and protocol. Many major banks use the XRP payment system.
How Many XRP Coins Are There In Circulation? XRP currently has 45,404 billion tokens in circulation, while its total supply counts 100 billion XRP tokens.
XRP has a current value of $0.7033, with a market cap of $33.72 billion.
Often, the actions of 'whales', or those who hold vast amounts of a particular cryptocurrency, may be used as a basis for making evaluations. In terms of the XRP whales – those holding between one and ten million of the coin – one thing has been clear.
Since its launch in 2009, Bitcoin has become the world's best-known and most popular cryptocurrency exchange, with more than 180 million users worldwide.
The XRP Ledger applies reserve requirements, in XRP, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage.
How Many Bitcoins Are Left to Mine? As of June 2022, approximately 19.07 million Bitcoins are in circulation. This means that there are only 1.92 million Bitcoins left for mining, and more than 90% of all bitcoin has been mined.