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.