Holding Just 1,000 ($600) Ripple's XRP Tokens Could 'Be Life-Changing': Here's Why

YouTube channel, EDO FARINA XRP (Alpha Lions Academy), with more than 12,000 subscribers released a video to discuss how holding just 100 XRP tokens could be life-changing.

A YouTuber with over 12,000 subscribers has released a video discussing how holding just 100 XRP tokens could be life-changing. XRP is currently trading at around $0.6, which means that one only needs $600 to secure 1,000 tokens.

EDO FARINA XRP (Alpha Lions Academy) is a YouTube channel dedicated to covering XRP and cryptocurrency news. In his latest video, Farina discusses various factors that could make XRP more useful and its price spike.

Here's a summary of his thoughts and calculations.

Russia is planning to create a financial system that is similar to SWIFT. However, the country has also permitted the use of Ripple for cross-border payments and the management of KYC data.

Another major factor is that BRICS nations (Brazil, Russia, India, China, and South Africa) are partnering with XRP to create On-Demand Liquidity (ODL) corridors.

Ripple is also fully decentralized. The XRP ledger is run by validators, and it is not under the control of Ripple.

The speaker thinks XRP will be key in the new financial system.

Calculations for Future Value

The analyst says that if the price of XRP reaches its last all-time high of $3.84. A $600 investment in XRP now, which is 1,000 XRP, will be around $3,840.

He compares this to traditional assets like real estate, which may have lower potential returns over a longer time frame.

Farina believes that XRP will play a key role in the future of finance, and its use cases, such as enabling faster and cheaper cross-border payments, will drive up its value.

There is also a chance that XRP will be adopted by SWIFT or replace SWIFT. If XRP can get 1% of SWIFT’s $1.2 quadrillion cross-border payments market, its value is expected to be around $100.

With 1,000 XRP tokens, $100 worth of XRP will be $100,000.

Comparisons with Other Cryptocurrencies

The analyst thinks that Ripple has some advantages over cryptos like Ethereum and Bitcoin based on different factors.

First, Bitcoin is purely speculative, while Ethereum has no hard cap on its supply. However, XRP is deflationary, carrying constant token burns.

Most XRP supply is locked in escrow, reducing the number of tokens in circulation. Central banks and institutions like the Bank of International Settlements and the International Monetary Fund also hold significant portions.

Additional tokens and transactions on the XRP Ledger can lock more XRP, increasing scarcity. Burned XRP through transactions also contributes to deflation, potentially driving up the price due to reduced availability.

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