Historically, the XRP Ledger has seen a wide range of use cases, and its growth has not stopped. Ripple is one of the largest startup companies that has historically utilized the XRP crypto and the XRP Ledger. In the most recent updates, they have partnered strategically with a European FinTech company to harness the ledger's power for an Axiology Project.
What is The Axiology Project Trying to Accomplish?
To address challenges currently faced globally, such as fraud and money laundering, Europe has already begun initiating numerous measures to utilize the potential found within blockchain technology.
The European Commission recently introduced Markets in Crypto Assets regulation (MiCA). The goal is to promote the use of cryptocurrencies and central bank digital currencies (CBDCs) while focusing on improvements surrounding cross-border payments and settlement time. This proposed Distributed Ledger Technology (DLT) Pilot plays a major role in the future of finance.
What Will The Future of XRP Look Like?
Based on a blog post published by the American FinTech firm Ripple, this is an innovative approach by the EU Commission that provides a controlled environment for the market infrastructure that specifically deals with digital assets.
Ripple and SUPER HOW?, a Lithuanian blockchain research laboratory, launched a collaborative project called "Axiology."
This project will test and issue digital assets like CBDCs alongside stablecoins. The goal is to increase regulators' confidence in the security of these digital assets.
The Axiology project is meant to be a tokenized securities trading and settlement system infrastructure, enabling multiple layers of the capital market infrastructures to exist within a single technology layer.
This can lead to synergies, processing efficiencies, and innovative business models. The Axiology project is built on top of the XRP Ledger, which is known for driving innovation and advancing blockchain technology adoption within financial markets globally. The result of this will be a much broader use case for the XRP Ledger alongside higher activity.
XRP’s Recent Surge in Value Has Made More XRP Millionaires
The total number of holders of the XRP cryptocurrencies, which have a balance of at least 1 million tokens on the cryptocurrency's ledger, surpassed the 1,900 range.
According to on-chain data, over 1,988 XRP wallets hold at least one million XRP. These wallets hold a cumulative balance of 2.69 billion XRP, leading to a $2.08 billion valuation. According to the data found within the report, 172 wallets hold between 5 million and 10 million XRP, where the total XRP held is 1.19 billion tokens.
Moreover, 150 wallets have balances between 10 million and 20 million in the XRP crypto, with 56 wallets holding between 100 million to 500 million XRP. This results in a growth in the overall demand for the cryptocurrency. Within the past year, the XRP cryptocurrency surged in value by 109.65%, according to data from TradingView. In addition, the XRP crypto increased by 53.52% in the last month alone.
How to Properly Invest in XRP and Pick the Perfect Time To Get The Highest ROI
With such a rapid increase in the demand and interest in XRP crypto, many investors are now curious about finding the perfect time to invest in it.
With the rapid increase in value and growing use cases of the XRP Ledger, it is no wonder why more investors than ever before are attempting to fill their portfolios with cryptocurrency.
The XRP (XRP) cryptocurrency is available on multiple exchanges, such as Kraken, Coinbase Pro, Binance.US, and Gemini. Through the usage of tools such as ZenDCA, anyone can gain the capability of automating and scheduling their XRP (XRP) purchases. This means that each investor can streamline the strategies they implement, one of the most notable ones being Dollar Cost Averaging (DCA) and enabling them to get the best outcome possible.
Investors need to remember that there is no guarantee that XRP can follow these price movements moving forward; it will see far more usage, which can drive demand further.
To begin using ZenDCA, anyone can create a free account and try it out today. They can navigate to the "Repeat Buys" or "Automatic Withdrawals" menu to set up their strategies. They can even use "Buy Schedules" and "Withdrawal Schedules" to configure everything based on their demands and goals.
Summary
The XRP Ledger will likely see far more usage after this partnership, and the platform gets fully developed and sees real-world utility. Axiology has the potential to provide genuine value and will drive the demand for the XRP cryptocurrency moving forward.
The increase in XRP millionaires is also a positive sign for the future of the network, as more people than ever before are beginning to gain interest in it. The recent price surge of XRP also means that the crypto is heading in a green direction.
By utilizing a solid strategy through tools such as ZenDCA, anyone has the potential to get the highest ROI and potentially optimize their crypto portfolio to new levels of growth. It's never been a simpler time to get into crypto trading and track your performance and transaction details at any point in time.