Instrumententafel Angst & Gier Bergbaubecken Geldbörsen Wörterbuch Werben Facebook Twitter Telegram Reddit Youtube
Marktkapitalisierung:
24h Vol:
Kryptowährungen: 11975
Märkte: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Marktkapitalisierung
24h Vol
11975
Kryptowährungen
54.28%
Bitcoin Aktie
ZyCrypto 2024-12-16 16:41:49

Ripple CTO Explains Why RLUSD Can Hit Whopping $1,200 At Launch, Warns Investors Not To “FOMO”

Ripple CTO Explains Why RLUSD Can Hit Whopping $1,200 At Launch, Warns Investors Not To “FOMO”

Ripple CTO David Schwartz has outlined how the company’s upcoming US dollar-pegged stablecoin, RLUSD, could initially trade at insanely high prices, possibly even $1,200, despite being designed to maintain a 1:1 parity with the US dollar. He stressed early supply bottlenecks and speculative enthusiasm as key factors likely to cause any short-lived spike. Schwartz then warned investors against seeing the much-hyped token as an opportunity to bag life-changing profits. Why RLUSD May Be Priced At More Than $1 David Schwartz said in a lengthy Dec. 15 X post that he anticipates high volatility for RLUSD immediately after its debut, with a handful of huge orders for the stablecoin as some buyers are willing to pay way over the $1 price target. Schwartz indicated that some of these initial pre-market bids for the RLUSD stablecoin, which is currently unreleased, artificially inflated its value before its official launch. The statement came after a crypto community member spotted RLUSD being priced at 511 XRP (around $1,231) per unit on the Xaman trading platform, way above its intended $1 peg. “There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD,” the Ripple CTO wrote. In Xaman t’s showing the price to be a $1,200 RLUSD conversion to XRP. Is this the instant over night price adjustment the XRP community has been waiting for… Will the price of XRP adjust to the value OF 1 RLUSD or is this a glitch until it goes “LIVE”? https://t.co/kzYZ18fVGD — Digital Assets Daily (@AssetsDaily) December 11, 2024 According to Schwartz, the bid looked as though excited buyers wanted to claim “the honor” of purchasing the first units of RLUSD to get to the market. However, he said such inflated valuations would be short-lived, assuring that “the price will come back to very close to $1 as soon as supply stabilizes. If it doesn’t, something is very seriously wrong.” Wen RLUSD Launch? In August, Ripple announced that it had started testing its new stablecoin on XRP Ledger (XRPL) and Ethereum mainnet. Once RLUSD is launched, Ripple intends to utilize both RLUSD and the XRP cryptocurrency to provide cross-border payment solutions to its global customers. As ZyCrypto reported , the stablecoin received its final greenlit from the New York State Department of Financial Services (NYDFS) on Dec. 11. But Ripple is yet to announce when RLUSD will be officially released to the market. Schwartz explained the market forces at play, highlighting the role of arbitragers in swiftly stabilizing RLUSD’s price. Arbitrages are expected to quickly normalize RLUSD’s value by selling at inflated prices and purchasing at or below $1, equalizing supply and demand. In conclusion, Schwartz reminded buyers of a stablecoin’s primary purpose: to have a “stable price”, not to be a speculative asset for making quick profits. “Please don’t FOMO into a stablecoin! This is not an opportunity to get rich,” he quipped. That being said, XRP rocketed to a seven-year high earlier this month, hitting $2.74 — the highest price since January 2018. The fourth-largest crypto by market cap is down 1.1% over the last 24 hours, changing hands for $2.44 as of press time, Coingecko data shows.

Meist gelesene Nachrichten



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Marktkapitalisierung
24h Vol
54.28%
Bitcoin Aktie
634
Heute Nachrichten
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen