Cryptocurrency analyst Brett predicts that XRP could surprise the crypto community in the coming months. Through the social media platform
The new stablecoin has the potential to attract many new users, which could lead to greater demand for XRP, according to the analyst.
RLUSD: A Catalyst for Adoption
In his post, Brett highlights how RLUSD can play a vital role in the adoption of the XRP network. Making a stable digital currency available on the XRP network makes it easier for users to transact without being exposed to large price fluctuations.
According to Brett, this makes it more attractive and beneficial to use XRP. The lower risks and improved user experience could be an important incentive for wider acceptance of the coin.
Institutional adoption by RLUSD
In addition to individual users, RLUSD can also contribute to broader adoption by institutions and banks. The stable value of the currency allows major parties such as financial institutions to carry out large transactions and international payments more efficiently.
Using RLUSD offers benefits such as:
- Stable value for international payments
- Location costs compared to traditional systems
- Extremely fast transactions thanks to the XRP network
These features make RLUSD an attractive solution for institutional investors who want to enjoy the benefits of blockchain technology without the volatility that often accompanies cryptocurrencies.
Impact on the XRP price
The launch of RLUSD could have a major impact on the XRP price. Despite the impressive rally the altcoin has already had, analysts believe there is much more to come.
In the last 30 days, the XRP price rose by over 120% to the current level of $2.45. According to crypto experts, XRP could even rise to a new all-time high of $20 in the coming months. This would represent a whopping 700% increase and bring the total market value of XRP to approximately $1.1 trillion – more than double the current market cap of Ethereum (ETH).
Conclusion
With the introduction of RLUSD, Ripple appears to be taking a powerful step to further expand the XRP network and make it more attractive to both individual users and institutions. The predictions are optimistic, but whether XRP will actually soar to new heights remains dependent on the actual adoption and success of RLUSD.
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Source: https://newsbit.nl/xrp-beleggers-hebben-geen-idee-wat-hen-te-wachten-staat-ontdek-waarom/
