Search results for Jack Lector
Crypto
RLUSD supply shifts as issuance moves to XRPL and redemptions rise on Ethereum
Ripple\'s stablecoin RLUSD has become most supplied on the XRP Ledger, overtaking Ethereum. The Crypto Basic reported RLUSD supply on XRPL at about $801.8 million versus about $793.1 million on Ethereum. The shift reflects rising issuance on XRPL and increased redemptions on Ethereum. Combined circulation is about $1.596 billion. The move coincides with Ripple\'s Japan launch of RLUSD following regulatory approval, with distribution planned via SBI Group and SBI VC Trade.
Crypto
XRP at $10 easier than SpaceX reaching $15 trillion value, analyst says
An analyst argued that XRP rising to $10, boosting an investment by about nine times, is more realistic than SpaceX delivering a similar return. XRP YouTuber Jack Lector compared XRP’s price and market-cap structure with SpaceX’s valuation. He calculated that XRP at $10 would imply a market value in the hundreds of billions of dollars, potentially about $1 trillion if supply rises. He said SpaceX would need a $15 trillion to $16 trillion valuation for comparable gains.
Crypto
XRP top-holder threshold falls to 2,155 coins
The threshold to enter the top 10 percent of XRP wallets has fallen to 2,155.59 XRP. Of 7.91 million accounts on the XRP Ledger, 790,900 wallets hold that amount or more, implying about $2,392 at $1.11 per XRP. Higher tiers rise quickly, with about 7,507 XRP for the top 5 percent and 45,002 XRP for the top 1 percent. Thresholds are lower than in February as crypto weakness persists.
