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Pundit Sees Ripple Emerging as Unicorn Company Just Like Amazon, Apple, Facebook

Published 06/20/2024, 11:10 PM
Updated 06/20/2024, 11:45 PM
© Reuters. Pundit Sees Ripple Emerging as Unicorn Company Just Like Amazon, Apple, Facebook
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  • The AllinCrypto host predicts Ripple’s rise to unicorn status, similar to tech giants like Amazon and Apple.

  • Ripple aims to compete in the projected $2.8T stablecoin market with USDT and USDC.

  • Mainstream media and crypto commentators highlight stablecoins’ potential to bolster the U.S. economy and address debt issues.

In a recent analysis, the host of the AllinCrypto channel argued for Ripple’s potential to dominate the U.S. market, envisioning a future where the firm achieves unicorn status akin to Amazon, Apple, Facebook (NASDAQ:META), and Microsoft.

According to the presenter, Ripple is already progressing along a similar trajectory, asserting that XRP will be vital to this vision. The factor fueling this optimism is Ripple’s move to enter the stablecoin market to compete with giants like Tether (USDT) and Circle (USDC).

In an April announcement, Ripple projected that the stablecoin market, currently valued at around $162 billion, could reach around $2.8 trillion in four years. Crypto market commentators have expressed varying opinions regarding the significance of Ripple’s stablecoin initiative.

The AllinCrypto host, among the more bullish analysts, highlighted t…

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