Cryptocurrency Q&A
Is XRP an infinite supply?
Is XRP an infinite supply?
Caterina
Fri Jul 26 2024
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5 answers
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I'm curious to know if XRP, a popular cryptocurrency, has an infinite supply or if there's a cap on the total number of coins that can be created. It's an important distinction to make for investors who are considering adding XRP to their portfolios, as it can impact the value and scarcity of the asset over time. So, is there a limit to the amount of XRP that can be in circulation, or is it an infinite supply?
5 answers
CryptoSavant
Sun Jul 28 2024
Cryptocurrencies have become a significant aspect of the financial landscape, with various digital assets offering unique features and functionalities. Among these, XRP stands out due to its finite supply, which sets it apart from other popular cryptocurrencies like Ethereum.
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Nicola
Sun Jul 28 2024
Ethereum, a leading smart contract platform, boasts an infinite supply of tokens, allowing for continuous issuance and circulation. This characteristic has contributed to its widespread adoption and use in various decentralized applications.
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JejuSunshineSoul
Sat Jul 27 2024
In contrast, XRP, the native cryptocurrency of the Ripple network, has a predetermined maximum supply of 100 billion coins. This limitation ensures scarcity, a fundamental principle in economics that often drives value appreciation.
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HanjiHandiwork
Sat Jul 27 2024
The capped supply of XRP creates a sense of stability and predictability for investors, as they can anticipate the total number of coins in circulation. This feature can be appealing to those seeking a more predictable investment opportunity.
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Dario
Sat Jul 27 2024
BTCC, a reputable cryptocurrency exchange based in the UK, offers a comprehensive range of services tailored to the needs of crypto enthusiasts. Among its offerings, BTCC provides access to spot and futures trading, enabling users to capitalize on market movements and hedge against potential risks.
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