Amid multiple speculations on the effects of Ripple potentially launching an initial public offering (IPO), popular crypto author Panos Mekras has come out to dispel concerns about this development, yielding a negative effect on the XRP token.<\/p>\n
On Friday, November 3, crypto analyst and trader Mason Versluis shared<\/a> a screenshot on X in which a crypto enthusiast argued that a Ripple<\/a> IPO would result in the \u201cdeath of XRP.\u201d<\/p>\n Although the enthusiast did admit that XRP may initially experience a price surge following the confirmed news of such development, he also suspects that Ripple\u2019s \u201cmanipulation\u201d of the altcoin will increase.<\/p>\n Will the Ripple Stock IPO be the DEATH of $XRP<\/a>?<\/p>\n Very interesting discussion to be had there\u2026<\/p>\n I believe it should only increase the interest in XRP and help it. But I can also see the other side\u2026 We shall see\u2026 pic.twitter.com\/mTJYdRNh8c<\/a><\/p>\n \u2014 MASON VERSLUIS (@MasonVersluis) November 3, 2023<\/a><\/p>\n\n In contrast, Versluis stated that a Ripple IPO should only boost the interest in XRP. However, he does admit the possibility of the \u201cother side.\u201d<\/p>\n Reacting to Versluis\u2019 post, Panos Mekras, stamped out<\/a> the potential of a Ripple IPO causing any negative effect on XRP. He stated that Ripple inviting public investors would result in a bigger exposure for the company and the XRP token.<\/p>\n In addition, Mekras also implied that XRP functions as a \u201cuniversal digital asset\u201d with several use cases possessing an \u201cunlimited potential\u201d; thus, its trajectory cannot be solely tied to Ripple, which is just one company.<\/p>\n For now, these takes can be considered as only speculations as Ripple has not even officially confirmed its intention to launch an IPO.<\/p>\n There is no other side. Ripple going public means bigger exposure & awareness for the company, their products (some of which use XRP), and XRP itself. <\/p>\n And remember: Ripple is one company, while XRP is a universal digital asset with multiple use cases & unlimited potential. https:\/\/t.co\/giVbWvcmlb<\/a><\/p>\n \u2014 Panos {X} (@panosmek) November 3, 2023<\/a><\/p>\n\n News surrounding the payment company\u2019s \u201calleged\u201d preparation to go public rose to a new height on Friday after crypto analyst Lewis Jackson posted a video on YouTube highlighting multiple signs of an incoming IPO.<\/p>\n In this YouTube post, Jackson spoke<\/a> about the notable increase in Ripple\u2019s mergers and acquisitions (M&A), which is a common activity with companies anticipating an IPO.\u00a0<\/p>\n He also pointed to Ripple\u2019s current recruitment activities in which the company is looking for a director of international tax and a shareholder communication senior manager, among others, all of which are roles that are indicative of impending IPO.<\/p>\n In other news, XRP has produced a remarkable price performance in the last week, gaining by 12.47% within seven days. This price rise allows the fifth largest cryptocurrency to maintain its market recovery in Q4 2023 after the altcoin experienced a 40% price decline in Q3 as the hype surrounding Ripple\u2019s partial victory over the SEC came down.<\/p>\n At the time of writing, XRP trades<\/a> at $0.614 with a 1.49% gain in the last day. Meanwhile, the token\u2019s daily trading volume is currently down by 34.98% and valued at $1.1 billion.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Amid multiple speculations on the effects of Ripple potentially launching an initial public offering (IPO), popular crypto author Panos Mekras has come out to dispel concerns about this development, yielding a negative effect on the XRP token.<\/p>\n On Friday, November 3, crypto analyst and trader Mason Versluis shared<\/a> a screenshot on X in which a crypto enthusiast argued that a Ripple<\/a> IPO would result in the \u201cdeath of XRP.\u201d<\/p>\n Although the enthusiast did admit that XRP may initially experience a price surge following the confirmed news of such development, he also suspects that Ripple\u2019s \u201cmanipulation\u201d of the altcoin will increase.<\/p>\n Will the Ripple Stock IPO be the DEATH of $XRP<\/a>?<\/p>\n Very interesting discussion to be had there\u2026<\/p>\n I believe it should only increase the interest in XRP and help it. But I can also see the other side\u2026 We shall see\u2026 pic.twitter.com\/mTJYdRNh8c<\/a><\/p>\n \u2014 MASON VERSLUIS (@MasonVersluis) November 3, 2023<\/a><\/p>\n In contrast, Versluis stated that a Ripple IPO should only boost the interest in XRP. However, he does admit the possibility of the \u201cother side.\u201d<\/p>\n Reacting to Versluis\u2019 post, Panos Mekras, stamped out<\/a> the potential of a Ripple IPO causing any negative effect on XRP. He stated that Ripple inviting public investors would result in a bigger exposure for the company and the XRP token.<\/p>\n In addition, Mekras also implied that XRP functions as a \u201cuniversal digital asset\u201d with several use cases possessing an \u201cunlimited potential\u201d; thus, its trajectory cannot be solely tied to Ripple, which is just one company.<\/p>\n For now, these takes can be considered as only speculations as Ripple has not even officially confirmed its intention to launch an IPO.<\/p>\n There is no other side. Ripple going public means bigger exposure & awareness for the company, their products (some of which use XRP), and XRP itself. <\/p>\n And remember: Ripple is one company, while XRP is a universal digital asset with multiple use cases & unlimited potential. https:\/\/t.co\/giVbWvcmlb<\/a><\/p>\n \u2014 Panos {X} (@panosmek) November 3, 2023<\/a><\/p>\n News surrounding the payment company\u2019s \u201calleged\u201d preparation to go public rose to a new height on Friday after crypto analyst Lewis Jackson posted a video on YouTube highlighting multiple signs of an incoming IPO.<\/p>\nXRP Soars By 12% In A Week<\/strong><\/h2>\n
Ripple IPO Will Lead To More Exposure For XRP, Mekras Says<\/strong><\/h2>\n