The XRP token from Ripple is among the most closely watched cryptocurrencies in the sector, and its recent price surge will be advantageous to the upcoming XRP20 coin.
This new coin will introduce stake-to-earn capabilities to the XRP ecosystem.
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, you can now buy this new version 30x cheaper for just $0.000092 in the XRP20 presale.
XRP20 is looking to raise a minimum soft cap of $1,850,000 in its presale, which will sell out quickly. The hard cap target is $3,680,000.
Stay up-to-date with the presale and be the first to know when it lists by following the project on its X (formerly Twitter) account and joining its Telegram channel.
Staking and Burn Mechanism of XRP20 Makes it One of the Most Sought-After Coins of 2023
As well as offering to stake, 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 the 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.
Price of XRP has Surged by Factor of 227 – Similar Growth Could be Expected from XRP20
Ripple, the issuer 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 from 2013 to 2017, XRP rose in price from $0.01 to $2.28 for a gain of 22,700%.
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 Unveils Stake-to-Earn Feature in XRP Environment
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 that 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 similar to BTC20. But instead of mimicking the emissions of schedule as determined by the past block production of bitcoin, XRP20 has its own predefined schedule devised by the team.
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 is Prepared to React to Call for XRP20 Mobilization
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 Forecasts Surge in XRP20 Value to $25 Within a Period of 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 (per the aggressive forecast), XRP2.0 might aim for a similar or higher range, 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 predictions are even only partially correct, then early buyers of the XRP20 token will have the opportunity to pocket high alpha returns.
Steps to Purchasing 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.