What is the average XRP holder?
Most participants have between 10,000 and 50,000 XRP in their accounts. As a result, we can calculate that each participant holds a minimum amount within the stated range of XRP, resulting in an average of 53,327 XRP per participant.
| Max supply: | 100,000,000,000 XRP |
|---|---|
| Active accounts: | 5,173,054 |
| Total available: | 99,987,656,102 XRP |
| Burned: | 12,343,898 XRP |
| Escrowed: | 39,907,954,390 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.
Wallets Holding 10K+ XRP Hit ATH
In particular, their number has now reached 277.62k.
XRP operates on its decentralized, open-source blockchain known as the XRP ledger (XRPL), and transactions are facilitated by the Ripple transaction protocol (RTXP). Unlike most cryptocurrencies, XRP is pre-mined, with a maximum token supply of 100 billion.
Data from XRP rich-list.info corroborates this claim, shedding light on the distribution patterns among XRP holders. Notably, the platform reveals that a substantial number of XRP accounts fall within the 10,000 to 25,000 XRP holding range. In particular, 142,506 accounts fall into this bracket.
which XRP do you need to hold. to be in the top 10% of holders, and how much. would it cost for you to buy that many tokens? well, you need to hold 2694 tokens to be in the top 10%. at today's price of 37 cents, that means it will cost you 1000 and $15.
At $100, that would mean you need 10,000 XRP for $1 million. At $500, you would need 2000 XRP.
The price difference between the ATH and the current price of XRP is $2.8 – $0.62 = $2.18. Therefore, at the current XRP price of $0.762, an investor would need to purchase approximately 458,716 XRP coins today to potentially achieve a millionaire status if the price were to reach its ATH again.
It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future. Will XRP reach $50? Will XRP reach $50? Will XRP explode in 2023?
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.
How much XRP is in a whale? The whale is over 2 million XRP in size, and the medium- sized whale is over 500,000 XRP in size.
The top 10 largest holders of XRP include two addresses from Ripple, holding 3.69% and 2.90% of the circulating supply respectively, two from Binance with 2.78% and 1.75%, two from Uphold with 2.58% and 1.57%, and one each from Upbit (1.58%), Kraken (1.39%), an unknown holder (1.29%), and Bitbank (1.22%).
The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.
But what do the experts say about XRP prices as far out as 2030? Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
In 2024, BONK is anticipated to maintain its upward trajectory, with analysts predicting an average price of $0.000074 for the token. This bullish outlook is supported by continued interest in meme coins, the growing adoption of Solana-based projects, and broader market dynamics.
Overall, 113 addresses hold at least 100,000 ETH, mostly institutional addresses. The top 100 addresses on Ethereum hold about 41.5% of the supply. There are over 1200 addresses that hold at least 10,000 ETH, and these wallets account for more than 70% of the total supply.
In a recent proposal by Edward Farina, the Head of Social Adoption at #XRPUpdate Healthcare, a hypothetical scenario was presented whereby the price of XRP has the potential to see a significant increase, reaching a value of $10,000.
XRP has a circulating supply of 55.13B coins and a max supply of 99.99B XRP.
One noteworthy point is that all XRP wallets must hold at least 20 XRP, due to the way the XRPL runs. At least 20 XRP must be sent to a new wallet to activate that wallet on the XRPL, and then 20 XRP or more must stay in that wallet as a minimum balance going forward.
What is the minimum XRP to hold?
The minimum balance for a new account on the XRP global ledger, with no other data, is 10 XRP. This is referred to as the base reserve.
Please note: you need to have at least 20 XRP in your wallet when you want to sell your coins. When you have less then 20 XRP in your wallet, the ripple protocol doesn't allow transactions to be executed. Choose 'Sell' on the homepage and select Ripple in the currency drop-down menu.
If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs. However, like any investment, there are risks that every investor should consider before making a decision to invest.
Yes, it is possible to become wealthy by investing in cryptocurrencies like XRP or Bitcoin, but it is not guaranteed and comes with significant risks.
Our real-time XRP to USD price update shows the current Ripple price as $0.518779 USD. Our most recent Ripple price forecast indicates that its value will increase by 24.82% and reach $0.647524 by April 22, 2024.
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