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Series tetragon 10b6/13/2023 Ripple’s three products-xRapid, xVia, and xCurrent- were all removed from the company’s website in October due to lackluster interest. It has working relationships with some major firms, but this has yet to materialize into an actual profit stream for the Ripple company. So, this all begs the question: what justifies Ripple’s $10B valuation, and is this merely another bubble waiting to burst? Ripple claims it has some 300 financial service customers globally. $XRP has lost 95% from the peak, there seems to be no use case for it & the company that created it just raised $200m in a C round (which is normally 10-20% ownership).ĭid they essentially buy a large % of the crypto by proxy? Confusing. Currently, it trading on the market for $0.191 and will be ending the year with astronomical losses on top of the losses it experienced in 2018. Currently trading at around $0.191, the asset has been among the worst performers of 2019 among the leading cryptocurrencies. Ripple’s actual token, XRP, on the other hand, has been steadily dropping and is now -95% from its all-time high. It’s unclear where this XRP goes, other than explanations of ‘on-demand liquidity.’ ![]() Every month, the team unlocks an additional 1 billion XRP. That’s hundreds of millions of dollars in XRP released every month. One user writes that the Ripple team is able to rationalize its valuation by simply having a massive war chest through mass-selling XRP on the market. Other analysts have been stumped as to how the $10B valuation can even be justified. The new valuation caused CNBC anchor Brian Sullivan to do a double-take: “ That can’t be billion. It is now among the most valuable private startups in all of Silicon Valley. It has been met with shock in much of the great financial world. ![]() Recently, Ripple managed to secure a funding round of $200M. Ripple has had a string of good news recently, but the same can’t be said for the XRP token itself. ![]() However, the price of its actual token keeps declining and remains among the worst performers of 2019. Ripple is now valued at $10B thanks to a new $200M investment round.
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