Cryptocurrency Q&A
How is XRP so cheap?
How is XRP so cheap?
DavidLee
Fri Mar 29 2024
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7 answers
1501
I'm a bit puzzled. I've been following the cryptocurrency market for a while, and I've noticed that XRP, which is supposed to be a pretty big and well-known coin, is priced relatively cheaply compared to some other major cryptocurrencies like Bitcoin and Ethereum. It even seems to be cheaper than some of the newer, less well-known coins. Can you explain why that is? Is there something I'm missing here? Is XRP really worth so much less than these other coins, or is there something else at play?
7 answers
amelia_doe_explorer
Sun Mar 31 2024
This escrow arrangement has resulted in a relatively high circulating supply of XRP compared to other cryptocurrencies.
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GeishaElegance
Sun Mar 31 2024
The large supply of XRP tokens can contribute to lower individual token prices.
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Carlo
Sun Mar 31 2024
The high supply of XRP tokens is one of the factors that affect its market value.
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CryptoGladiator
Sun Mar 31 2024
Other cryptocurrencies may have a lower supply, leading to higher token prices.
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GinsengBoostPowerBoost
Sun Mar 31 2024
Ripple holds a significant portion of XRP tokens in escrow.
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