Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Pundit Sees Ripple Emerging as Unicorn Company Just Like Amazon, Apple, Facebook

Pundit Sees Ripple Emerging as Unicorn Company Just Like Amazon, Apple, Facebook

CoineditionCoinedition2024/06/20 19:46
By:Abdulkarim Abdulwahab
  • The AllinCrypto host predicts Ripple’s rise to unicorn status, similar to tech giants like Amazon and Apple.
  • Ripple aims to compete in the projected $2.8T stablecoin market with USDT and USDC.
  • Mainstream media and crypto commentators highlight stablecoins’ potential to bolster the U.S. economy and address debt issues.

In a recent analysis, the host of the AllinCrypto channel argued for Ripple’s potential to dominate the U.S. market, envisioning a future where the firm achieves unicorn status akin to Amazon, Apple, Facebook, and Microsoft.

According to the presenter, Ripple is already progressing along a similar trajectory, asserting that XRP will be vital to this vision. The factor fueling this optimism is Ripple’s move to enter the stablecoin market to compete with giants like Tether (USDT) and Circle (USDC).

In an April announcement, Ripple projected that the stablecoin market, currently valued at around $162 billion, could reach around $2.8 trillion in four years. Crypto market commentators have expressed varying opinions regarding the significance of Ripple’s stablecoin initiative .

The AllinCrypto host, among the more bullish analysts, highlighted that treasury officials are discussing how stablecoins can help the U.S. maintain its global dominance and address its substantial debt burden.

He specifically cited a recent article from The Wall Street Journal titled “Crypto Could Stave Off a US Debt Crisis,” which discussed the role of stablecoins in the U.S. economy.

The article followed comments from Mike Benz, Executive Director of FFO Freedom, who argued that the U.S. Treasury would respond to Saudi Arabia ending the petrodollar by heavily promoting crypto stablecoins like Tether and Circle. The Wall Street Journal article emphasized that the Treasury must promote these stablecoins to protect U.S. interests.

The AllinCrypto host noted that this mainstream media view aligns with sentiments long held by the crypto community. He suggested that Ripple is now in a favorable position to become a unicorn stock, especially as going public is part of its future ambition.

AllinCrypto emphasized that Ripple’s role in the global financial system further strengthens its chances. His confidence extends to XRP, given its integral role in Ripple’s efforts to streamline global payment and settlement transactions.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Monero’s Price Surge Sparks Market Speculation

In Brief Monero's price surged dramatically earlier this week. Experts warn about the risks of sudden price movements in crypto. Suspicious transactions are under scrutiny in the cryptocurrency market.

Cointurk2025/04/29 16:11
Monero’s Price Surge Sparks Market Speculation

Tether Secures $770 Million in Gold Reserves for XAUT Cryptocurrency

In Brief Tether has announced a $770 million gold reserve for XAUT cryptocurrency. Each XAUT token is directly backed by physical gold stored in Switzerland. The company aims to enhance transparency with regular audits and improved disclosure policies.

Cointurk2025/04/29 16:11
Tether Secures $770 Million in Gold Reserves for XAUT Cryptocurrency

Market Insights: FLOKI and Solana Shine Brightly in Current Crypto Trends

In Brief Inmortal predicts FLOKI is on a long-term rise with impressive gains. Solana's upcoming weeks will reveal significant market trends. Current performance shows SOL outpacing ETH in recent movements.

Cointurk2025/04/29 16:11
Market Insights: FLOKI and Solana Shine Brightly in Current Crypto Trends