Sunday, June 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

XRP Price Set Theory Debunked, Here’s What It’s About

September 14, 2023
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


In a latest sequence of exchanges on X, outstanding XRP group influencer, Crypto Eri, addressed the controversial concept that the XRP value may be artificially set by a government. The talk has ignited discussions amongst fanatics, consultants, and Ripple insiders.

Eri’s preliminary tweet emphasised the decentralized nature of cryptocurrencies, stating, “Decentralized crypto-assets like XRP, can’t be ‘value set’. Worth is decided by provide & demand dynamics within the world open market, generally with Affect components like buying and selling, sentiment, adoption, information & liquidity.” She additional warned towards the “misleading false value hype” that has been circulating throughout the group.

Can XRP Worth Be Set?

In a hypothetical state of affairs offered by a person, the thought of “setting the value” was explored, suggesting that if a robust entity like OPEC determined to commerce a barrel of oil for 1 XRP, it could successfully set the value. Eri responded, “Granted, synthetic value setting has been tried, however If the value is above the equilibrium stage, then the amount equipped has at all times exceeded the amount demanded… Within the Crypto Market, you’ll be able to’t ignore arbitrage.”

Khaled Elawadi.XRP, one other group member, argued that the tokens value could possibly be set in numerous methods, both instantly by Ripple or by figuring out a face worth by way of numerous events. Eri swiftly countered, clarifying the excellence between XRP, the XRP Ledger, and RippleNet, a software program answer created by Ripple.

She emphasised, “Reality 1: The digital asset XRP will not be a singular software program product… Reality 2: Ripple doesn’t management XRP or the Ledger… Reality 3: Ripplenet is the identify of a software program created by the Firm Ripple, that may use XRP (or any asset) in an answer.”

Jesse Hynes, a famend group lawyer, humorously questioned the persistence of the value set concept, “Are individuals nonetheless saying that there’s going to be a value set?”, to which Eri merely replied, “Sure.”

Neil Hartner, a Senior employees software program engineer at Ripple for On-Demand Liquidity (ODL), weighed in on the talk as nicely, questioning the logic behind two events artificially setting a value, stating, “Why would 2 events do this until they wish to lose some huge cash? Until these 2 events are prepared to defend the value and never run out of cash, it received’t final.”

The talk took one other flip when Vandell Aljarrah, founding father of Black Swan Capitalist, drew parallels between XRP and gold, suggesting that the token may obtain a secure worth just like gold sooner or later. He cited the capped provide of 100 billion tokens as a possible issue for elevated demand because the market matures.

One other perspective emerged from a group member who believed {that a} decentralized asset’s value could possibly be pegged or fastened, drawing comparisons to the previous “gold window” of the Federal Reserve. They posited that entities just like the IMF or Ripple may act as central authorities in such a state of affairs.

As the talk continues, it’s clear that the group stays divided on the problem. Whereas some imagine within the potential for a centralized value setting, others, like Eri, firmly stand by the ideas of provide, demand, and market dynamics.

At press time, XRP traded at $0.4806.

XRP value continues downslide, 1-week chart | Supply: XRPUSD on TradingView.com

Featured picture from iStock, chart from TradingView.com



Source link

Tags: DebunkedHeresPricesetTheoryXRP
Previous Post

Thailand’s KBank to Target AI and Web3 Investments With $100M Fund

Next Post

The viral growth blueprint that made Friend.tech the fastest-growing social dApp

Related Posts

Ethereum Prepares For A Parabolic Move – ETH/BTC Chart Signals Strong Bullish Setup
Bitcoin

Ethereum Prepares For A Parabolic Move – ETH/BTC Chart Signals Strong Bullish Setup

June 8, 2025
Bitcoin Stabilizes at $104,000 Mid-Range as Market Eyes Next Breakout
Bitcoin

Bitcoin Stabilizes at $104,000 Mid-Range as Market Eyes Next Breakout

June 8, 2025
Tim Draper: $250K Bitcoin Coming in 2025, May Go ‘Infinite’ Against Dollar
Bitcoin

Tim Draper: $250K Bitcoin Coming in 2025, May Go ‘Infinite’ Against Dollar

June 8, 2025
Bitcoin Lags Behind Stocks Over The Past 2 Weeks – Temporary Pause Or Trend Shift?
Bitcoin

Bitcoin Lags Behind Stocks Over The Past 2 Weeks – Temporary Pause Or Trend Shift?

June 7, 2025
FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors
Bitcoin

FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors

June 7, 2025
Africa Crypto News Week in Review: South Africa Calls for Modern Crypto Laws, Kenyan Banks Ready for Crypto as Tether Expands
Bitcoin

Africa Crypto News Week in Review: South Africa Calls for Modern Crypto Laws, Kenyan Banks Ready for Crypto as Tether Expands

June 8, 2025
Next Post
The viral growth blueprint that made Friend.tech the fastest-growing social dApp

The viral growth blueprint that made Friend.tech the fastest-growing social dApp

Bitcoin could head to $27k as Chancer’s presale nears $2M

Bitcoin could head to $27k as Chancer’s presale nears $2M

Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs

Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In