As 2023 comes to a close, XRP, the sixth-largest cryptocurrency by market capitalization, is about to reach a notable milestone of 5 million holders.
As 2023 comes to a close, XRP, the sixth-largest cryptocurrency by market capitalization, is about to reach a notable milestone of 5 million holders.
According to data from XRPL ServicesThere are currently 4,979,903 accounts holding XRP and the number is growing steadily.
A whopping 59,279,426,679 XRP is held in these accounts, while 1,402 addresses maintain 0 XRP balances.
This impressive achievement reflects the growing popularity and use of XRP, one of the largest and oldest digital assets in the cryptocurrency market.
In over a decade, XRP has maintained its position in the top 10 by market cap, with a current value of over $33.86 billion.
At the time of writing, XRP was down 1.66% in the last 24 hours to $0.626.
Ripple predictions for 2024
As 2023 comes to a close, XRP holders have many reasons to be optimistic and look to the future. This year, Ripple won a pivotal victory in the SEC lawsuit, as XRP was declared not to be a security.
As reported, Ripple’s chief legal officer, Stuart Alderoty, predicted the final end of the lawsuit in 2024.
Vibe also forecasts a utilities boom in 2024, predicting that funding will rebound with a renewed emphasis on companies solving real-world problems rather than focusing solely on infrastructure.
Fintech companies showed increased interest in cryptocurrencies in 2023 and according to Ripple’s New Value 2023 Report, 3/4 of financial institutions are likely to explore digital asset services in the next three years, particularly for payments cross-border.
Ripple anticipates an increase in fintech and cryptocurrency partnerships in 2024 to close the gap between emerging and existing fintech and address legacy pain points.