Chris Perkins, President of CoinFund, has urged the cryptocurrency industry to pay closer attention to Ripple (XRP), citing its significant market cap and strategic initiatives. Speaking on the Unchained podcast, Perkins noted Ripple's market cap exceeding $130 billion and its ambitious plans, including the launch of the stablecoin RLUSD and the acquisition of Hidden Road. He compared XRP's valuation to major financial entities like CME Group and Intercontinental Exchange, both valued at approximately $90 billion.
Perkins emphasized Ripple's growing momentum, particularly highlighted at the Ripple Swell conference in New York City. Meanwhile, Austin Campbell of Zero Knowledge Group raised questions about the adoption potential of RLUSD, stressing the need for robust distribution networks. Ram Ahluwalia and Teddy Fusaro from Bitwise praised Ripple's acquisition of Hidden Road, suggesting it could facilitate the integration of traditional finance with crypto markets.
CoinFund President Highlights Ripple's Strategic Moves and Market Position
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