How many XRP are there in circulation right now, and is there a cap on the XRP circulating supply? Interest in XRP as an alternative cryptocurrency to common choices like Bitcoin and Ethereum is growing. Launched in 2021, the XRP ledger has quickly earned the attention of countless investors. XRP is now one of the most popular coins on the market.
Read on to learn more about the XRP supply, how it relates to the Ripple coin, and how many XRP tokens are available in total for the cryptocurrency world.
How Many XRP Are in Circulation?
As of August 2022, there were a total of 48.34 billion XRP tokens in circulation. This equates to around 48% of the XRP total supply of 10 billion. Considered by many to be the “next Bitcoin,” XRP was created by David Schwartz, Arthur Britto, and Jed McCaleb as a faster, more energy-efficient alternative to the world’s most popular cryptocurrency.
Part of what makes XRP so interesting to investors is its versatility. The XRP ledger has various potential use cases related to Defi, micropayments, and the rising industry of NFTs.
(Coinmarketcap)
Exploring the Ripple Total Supply
XRP is also known as “Ripple,” referencing the company created by the XRP ledger founders. When it was first created, the architects behind the XRP ledger donated 80 billion XRP to Ripple to build use cases, like a global payments network (RippleNet).
Ripple also gained the ability to sell XRP tokens, which is one of the reasons why Ripple and XRP are often used interchangeably to refer to this specific token.
The Ripple supply limit is 10 billion, and every coin has already been created.
Ripple is one of the best-known cryptocurrencies in the world today, but the XRP supply works a little differently from other major coins. Unlike Bitcoin and Ethereum, Ripple is not a mineable coin.
The XRP ledger has already created all of the coins that can ever be in existence, at 10 billion. This means the only way to get a Ripple supply for your cryptocurrency wallet is to purchase or trade XRP on an available marketplace. The supply of Ripple currently not in circulation simply hasn’t been sold at this point.
(Currency.com)
There are 336 XRP network addresses that hold 10 million or more XRP.
Although it.s uncertain how many people hold XRP or Ripple coins in their cryptocurrency portfolios today, charts from Sanbase indicate “Ripple whales” have begun to emerge in 2022. At present, there are around 336 XRP network addresses which hold at least 10 million XRP or more.
While experts say most of the XRP supply limit probably belongs to exchanges, there’s also a chance certain individual investors have begun to increase their investment in the Ripple landscape.
(Sanbase)
1 XRP token is currently worth $0.38.
As of August 2022, the price for a single XRP token was approximately $0.38. This means the total Ripple circulating supply is worth $18,546,490,756, and the fully diluted market cap for the XRP max supply is worth around $38,361,420,786.
The value of XRP has decreased significantly over the past year. In May 2021, the coin reached a high point of around $1.3055 per coin. However, the token has yet to rise back to the same peak value it had in 2017 of $2.159 per share.
(Coinmarketcap)
There are 55 XRP validator nodes for Ripple.
In 2017, Ripple announced that the XRP Ledger ecosystem had increased to 55 validator nodes, including new validators like Worldlink, and the Telindus-Proximus group. The announcement marked a significant increase of 120% in nodes in just one year.
These validators are crucial, as XRP works on a centralized infrastructure, using a network of validators to authenticate transactions.
The network of independent network operators (nodes) agrees to various outstanding XRP transactions every three to five seconds, consistently publishing updated versions of the XRP ledger.
(Ripple)
Is Ripple a Good Investment?
XRP or Ripple has emerged as an interesting choice for investors interested in cryptocurrency, the secure and centralized network offers a range of use cases to the digital landscape, and could become significantly more popular as NFTs rise to power. At present, we’re less than half way towards the XRP supply limit, making it difficult to determine where the price could go moving forward.
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