XRP20 Is a New Crypto Launch to Watch, Will This Stake to Earn Coin Explode 22,700% Like the XRP Price?
XRP20 is a new crypto launch to watch as it brings its stake-to-earn utility to the mix – could it explode 22,700% like the XRP price?
Ripple’s XRP token is one of the most followed crypto assets in the industry. XRP20 coin is set to be the next new coin to benefit from XRP's recent price surge.
The ‘meta 2.0 version’ theme has caught the imagination of token buyers over the past few months on the simple premise of leveraging an existing brand name and offering the chance to repeat earlier return-on-investment successes.
If you are kicking yourself for not having bought XRP at its all-time low publicly traded price of $0.0028, well now you can buy this new version 30x cheaper, for just $0.000092 in the XRP20 presale.
The XRP20 coin team is looking to raise a minimum soft cap of $1,850,000 in its presale, which is sure to sellout quickly. The hard cap target is $3,680,000.
XRP20 staking and burn mechanism make it one of 2023’s hottest coins
As well as offering staking, XRP20 is also a deflationary coin – 0.1% of every buy and sell transaction will be burnt and this will, over time.
Ten percent of the total token supply will be removed by sending 10% of all coins to a burn address, adding to the scarcity value of the token.
Forty percent of total token supply has been set aside for presale buyers, 40% for staking and 10% for decentralized exchange (DEX) liquidity.
Significantly, unlike with XRP, there are no tokens set aside for founders and team members, so XRP20 is a totally level playing field for all.
With one of the most active communities in crypto, XRP20 coin is sure to generate strong interest.
Originating in 2013 as OpenCoin, the name changed to XRP as the Ripple company set out to focus on XRP as a liquidity token for institutional-level cross-border payments of banks and other large corporations.
XRP Price has exploded 227x – XRP20 could do the same
Ripple, the issuers of the XRP token, did not hold a public initial coin offering. The token entered the market at a nominal price of $0.01.
According to price data provided by Statista from 2013 to 2017 (see chart below), XRP rose in price from $0.01 to $2.28 for a gain of 22,700%. The intraday high for XRP was actually $3.84.
Although the token’s utility is to make cross-border payments more efficient and less expensive, the token also trades on crypto exchanges.
Ripple’s XRP has been the subject of a protracted court case in which the US Securities and Exchange Commission accused the company of selling an unregistered security.
However, an initial ruling by the judge that as far as its offering of the token to retail investors on exchanges was concerned, XRP did not constitute a security; the price has surged higher.
XRP20 is launched after this positive development for XRP and will be a significant beneficiary of the bullish narrative that now engulfs the coin. Crypto price analysts expect the token price to continue to rise in the wake of the court judgment.
Currently priced at $0.71, the XRP price is predicted to reach as high as $9, according to a crypto expert on Techopedia.
A $9 price point would represent a return on investment of 1,167%.
XRP20 introduces stake-to-earn to the XRP scene
The XRP20 token is the latest ‘version2’ XRP coin to come to market, but it is doing things differently from the rest of the crowd.
Instead of merely changing the name and ticker, XRP20 ushers in a world of staking. By staking XRP20, token holders can earn passive income in return.
The original XRP was geared toward legacy financial institutions and had no staking mechanism. XRP20 fixes that by introducing on-chain staking, so you can earn passive income from your holding.
And if stake-to-earn is not enough incentive to buy the token, XRP20’s other advantages over XRP should encourage prospective buyers.
Unlike XRP, where token supply is subject to centralization, for example, in how tokens are intermittently released from Ripple-controlled escrow accounts, XRP20, by contrast, is built on top of the public and fully decentralized Ethereum blockchain.
XRP20’s innovative new staking system is a value add that was missing in the original XRP token, which despite its success, does not put the specific interests of its crypto-first supporters in mind.
To reward stakers, a portion of the token supply is set aside to be distributed over time in a vesting schedule that allocates to holders in proportion to the number of tokens they own relative to the total supply.
The powerful XRP Army will answer the XRP20 call to arms
With one of the most active and engaged communities in crypto, the XRP Army, as it is known, had kept the fire alight for XRP when many doubters had wrongly assumed that the SEC case against Ripple would spell the coin's death.
They have been proved wrong, and the XRP Army marches on. Now XRP20 offers the massed ranks of XRP devotees and the many more who want to gain exposure to the XRP story the opportunity to bag 227x gains.
What’s more, the court win, at least as far as the retail market is concerned, has seen XRP relisted on multiple top-tier exchanges, notably Coinbase, which had removed it pending the outcome of the court case.
Immediately after the court ruling and Coinbase and other top exchanges relisting, the XRP price doubled.
However, although the XRP price advance has slowed in recent days.
The XRP market is taking a breather mainly because of broader macro concerns affecting the crypto market as a whole.
ChatGPT predicts XRP20 to pump to $25 in 6 to 12 months
When crypto does fire-up the engines for the next burn to propel prices higher, XRP will be among the top gainers, and, by association, so will XRP20.
We asked ChatGPT Pro (which is trained using the latest GPT-4 large language model) for price predictions for XRP, and this is what it came up with for several timescales:
Short-Term (1-3 months): Expectation that XRP could reach 15 USD, driven by significant market momentum, positive news, and increased adoption.
Medium-Term (6-12 months): Projection that XRP could hit 25 USD, assuming continued strong demand, more favorable regulations, and expansion into new markets.
Long-Term (1-3 years): A forecast that XRP could reach 50 USD or even higher, based on widespread adoption, continued technological innovation, a significant increase in the usage of Ripple's payment protocols, and strong support from institutional investors.
We then asked ChatGPT for a price forecast for a ‘derivative’ XRP coin named XRP2.0 as a proxy for XRP20.
Below is shown the result for the medium and long-term view.
Over the medium term, it could reach $25 or higher, and over the longer term could “reach a multiple of XRP’s price, reflecting the enhanced features or market positioning.”
Medium-Term (6-12 months): Assuming continued development and acceptance, XRP2.0 might track or even outpace XRP's performance if it offers substantial improvements. If XRP is expected to reach 25 USD in this period (as per the aggressive forecast), XRP2.0 might aim for a similar range or higher, depending on perceived advantages.
Long-Term (1-3 years): The long-term price of XRP2.0 would depend on many factors, including its ability to deliver on its promises, market adoption, regulatory compliance, and overall crypto market conditions. If all goes well, it could potentially reach a multiple of XRP's price, reflecting the enhanced features or market positioning.
If ChatGPT’s prediction are even only partially correct, then early buyers of the XRP20 token will have the opportunity to pocket high alpha returns.
How to buy the XRP20 token
To buy XRP20, head over to the website, connect your crypto wallet and pay with Ethereum or USDT.
There’s no time to lose to get in before the coin lists, but do your own research and don’t invest what you can’t afford to lose.
Also, as is made clear in the website FAQs, XRP20 has no affiliation with XRP or Ripple Labs. XRP20 is not a security.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.