Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,813,574,301 | Market Cap: $2,607,124,911,386
XRP
XRP
$0.60
Sector
Enterprise Solutions
Exchange Debut
2013-08-08
Market Cap
33,443,803,925
Maxim Supply
100,000,000,000
Circulating Supply
55,909,481,874
Circ. Supply(%)
55.91%
XRP
XRP
Price
$0.60
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
1181442116
0.623196830871
0.586735820791
Change 24h
Change 7d
Change 30d
-2.9184
4.8059
25.9574
Maxim supply
Circulating supply
Circulating supply(%)
100,000,000,000
55,909,481,874
55.91%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the XRP cryptocurrency:
The XRP (XRPL) is a robust, high-speed blockchain technology with a native currency, XRP. With a remarkable fundamental analysis score of 8.86 out of 10, the project has demonstrated its strengths in a variety of sectors. Now, let’s delve into the fundamental analysis of the XRP cryptocurrency.
SOCIAL & MASS MEDIA: Score 8.2 out of 10
Despite a few shortcomings, XRP has made a strong impression in the social and media realm. With high scores for follower attraction and media presence, it’s evident that XRP has succeeded in capturing the public’s attention. The project’s sizeable chat groups also highlight its capacity to foster robust communities. However, community activity and administrator engagement on social media pages could be improved to enhance the overall rating.
AUDIT & SECURITY: Score 9.5 out of 10
Security is a crucial component in the fundamental analysis of the XRP cryptocurrency. XRP scores very high in this regard, showcasing excellent audit results and transparency of information, vital for public trust. Furthermore, the high liquidity on exchanges underscores the ease with which XRP can be bought and sold, a positive sign for potential investors.
TOKENOMICS: Score 8.1 out of 10
The token economy of XRP is another strong aspect of this project. Although its inflation rate could be better controlled, the centralization of the monetary mass is top-notch, ensuring stability and predictability within the ecosystem.
ECOSYSTEM DEVELOPMENT: Score 8.6 out of 10
The XRP exhibits continuous evolution and commitment towards achieving its set objectives, and its dedication to bringing new developments to the project is notable. This forward-thinking approach is fundamental in maintaining the project’s relevance and competitive edge in the fast-paced world of cryptocurrencies.
TEAM & DEVELOPERS: Score 9.2 out of 10
The founding team of the XRP , including David Schwartz, Jed McCaleb, Arthur Britto, and Chris Larsen, have significant experience and expertise in the field. The project’s strong score in this category is also attributed to its large number of software developers, indicating a high potential for continuous innovation and problem-solving.
PRODUCT & UTILITY: Score 9.62 out of 10
In terms of product and utility, the XRP shines. The usefulness of the XRP token within the ecosystem and the utility of the product itself both scored very high. This is a testament to the value XRP provides to its users and the broader blockchain ecosystem.
PARTNERS & INVESTORS: Score 9 out of 10
The final component of the fundamental analysis of the XRP cryptocurrency is its partners and investors. XRP boasts a robust network of partners and investors, demonstrating its capacity to secure significant investment and forge strategic partnerships, both crucial factors for the project’s sustainability and growth.
Fundamental analysis of the XRP cryptocurrency – The final conclusion
The fundamental analysis of the XRP cryptocurrency shows that it is a highly promising project with potential for substantial return on investment. Its high scores in audit and security, team and developers, and product and utility highlight its strong standing in the market. While there are areas for improvement, notably in social media engagement, the overall robustness and potential of the project cannot be overlooked.
XRP ‘s commitment to continuous development, coupled with its green credentials and fast transaction times, position it as a leading player in the future of digital payments. However, like any investment, potential investors should consider their risk tolerance and financial circumstances before investing in this cryptocurrency.
This concludes the detailed fundamental analysis of the XRP cryptocurrency. The combination of scores from different categories presents a comprehensive overview of the project’s strengths, areas for improvement, and its potential as an investment opportunity.
Fundamental Analysis of XRP Cryptocurrency: Unraveling Ripple and the XRP Ledger
Ripple is a privately-owned financial technology enterprise offering a novel global payment solution through its proprietary payment system, RippleNet. RippleNet, built atop Ripple’s own consensus ledger dubbed the XRP Ledger (XRPL), links banks, payment providers, and digital asset exchanges, delivering instantaneous settlements and reducing transaction costs. In the world of digital currencies, Ripple diverges from the norm, eschewing the typical peer-to-peer model. Instead, it weaves a nexus connecting financial institutions, creating a symbiotic ecosystem that accelerates global transactions.
Exploring the XRP Ledger: Ripple’s Open-Source Innovation
The XRP Ledger, Ripple’s brainchild, is an open-source distributed ledger whose native digital currency is XRP. Unlike Bitcoin’s proof-of-work mining that secures and processes transactions on a distributed blockchain, XRP transactions are processed by a trusted network of validators on the XRPL. This payment journey is publicly recorded on Ripple’s distributed consensus ledger, maintaining a structure akin to a blockchain.
Ripple’s Unique Consensus Mechanism: A Break from Tradition
The consensus process used by Ripple is notably unique. Instead of the proof-of-work (PoW) system adopted by Bitcoin or Ethereum, Ripple employs the Ripple Protocol Consensus Algorithm (RPCA). This model ensures the ledger’s integrity through a trusted group of nodes, requiring a supermajority consensus to validate transactions.
Ripple’s Network Validators and the Consensus Process
The way consensus is reached on the XRPL revolves around the RPCA. The protocol is overseen by a network of autonomous Ripple validator nodes, with a Ripple transaction needing the green light from at least 80% of these nodes. Validators are open to anyone, but Ripple maintains a curated list of trusted nodes called the Unique Node List (UNL).
Ripple in Action: Real-Time Cross-Border Payments
In the scenario of cross-border remittance, such as Alice sending 1,000 Japanese Yen to Bob in India, the transaction, validated by the network’s servers, can be completed in mere seconds. The Yen is converted to XRP, and Bob receives the funds in Indian Rupee, demonstrating the real-time and efficient nature of Ripple’s ecosystem.
Conclusion: Ripple’s Revolution in the Cryptocurrency Landscape
In this fundamental analysis of XRP cryptocurrency, we’ve demystified the mechanism behind Ripple and its consensus ledger, the XRPL. This unprecedented solution is reshaping global transactions, enabling quicker, cheaper cross-border payments, and establishing a new chapter in the history of cryptocurrencies.
- Latest analysis update: June 14, 2023
XRP - XRP performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
