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Pundit Says XRP Hitting $10,000 Would Undermine the Very Purpose of XRP Ledger

  • A crypto pundit, known as Stellar Expert, warns that a potential XRP price of $10,000 could undermine the purpose of the XRP Ledger (XRPL) by pricing out ordinary users.
  • Stellar Expert explains that at a high valuation, basic network operations on the XRPL, like opening a new account or holding custom tokens, could become overly expensive, making the network inaccessible to average users and small developers.
  • The concern lies in the base reserve requirement of the XRPL, where a high XRP price could lead to exorbitant costs for basic functions, even though recent adjustments were made to increase affordability.
  • While some in the community disagree with Stellar Expert's view, arguing that a high XRP price may not necessarily undermine the network's purpose, as the ledger operates in drops and transaction fees remain low regardless of XRP's market value.

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