What It Takes To Be In The Top 1% Of XRP Holders — Steemit (2024)

FAQs

What It Takes To Be In The Top 1% Of XRP Holders — Steemit? ›

Now, what if you want to be ultra-rich, the 1% of the 1%. Well, to join the top 1% of all XRP accounts you must hold at least 73,733 XRP. Really, I'm kind of surprised at how do-able that sounds. I mean, why would you put a down-payment on a house when you could become a Ripple whale.

The mass adoption of XRP has been a topic of interest for a long time. A recent post by Francis Bovine Swift (@SwiftBovine) revealed intriguing statistics about XRP wallet holders. The data Swift provided indicates that out of the 4.8 million XRP wallets, a substantial 77% of them hold under 500 XRP.

Wallets Holding 10K+ XRP Hit ATH

In particular, their number has now reached 277.62k.

Ripple controls the vast majority of the supply of XRP and, according to its own published records, earns the majority of its income from selling XRP.

If you are in the XRP cult, then you obviously know that XRP bagholders will eventually join the richest 1% of people worldwide. Now, what if you want to be ultra-rich, the 1% of the 1%. Well, to join the top 1% of all XRP accounts you must hold at least 73,733 XRP.

Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.

At $100, that would mean you need 10,000 XRP for $1 million. At $500, you would need 2000 XRP. And Valhil Capital, a private equity firm, thinks the price will climb so much that you only will need 100 XRP to be a millionaire. The average XRP holder would become a millionaire at an $80.97.

November 2024: XRP Price Forecast

Crypto analysts expect that at the end of summer 2024, the XRP price will be around $0.602. In November 2024, the XRP cost may drop to a minimum of $0.576. The expected peak value might be $0.627 in November 2024.

Cryptonewsz.com has a XRP forecast that says the price of Ripple will continue to climb as well, but is much more bullish than Digital Coin Price, as by 2030 they expect that the average price of of Ripple could climb to as high as $9.81.

Given current market trends and Ripple's price history, reaching $1,000 would require significant and sustained growth, which may take many years, if it ever happens. Most analysts consider such a high target extremely optimistic under present conditions.

Why do I have to keep 10 XRP? ›

The base reserve (now 10 XRP) sets the minimum XRP that must be sent to create a new account, and the owner reserve (now 2 XRP per item) increases an account's reserve for each additional object the account owns in the ledger's state data, such as Offers, trust lines and Escrows.

Let's find out. Well, to be in the top 10% of XRP holders worldwide, all you need is 3522 XRP. It's not very much. To be in the top 1%, you would need 70,000 XRP.

XRP was previously endorsed by several celebrities, including Ashton Kutcher and Guy Oseary who donated $4 million worth of XRP to the Ellen DeGeneres Wildlife Fund in 2018. That same year, Ripple also partnered with Madonna to raise funds for orphans in Malawi.

How many banks use XRP? 100 financial institutions XRP is | Munib2 on Binance Square.

Financial giants BlackRock and JPMorgan have recently made massive moves into the cryptocurrency XRP, accumulating over 7.5 million tokens between them.

With most XRP future Ripple price predictions however, It's generally expected that Ripple should be worth more in 2024 than it is now, with some pundits suggesting that it could be worth as high as a maximum price of $4. Some are a little bit more modest, expecting closer to $1.

The all-time high of XRP is $3.84.

For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.