<p><strong>Unknown identity has reportedly transferred 89,999,980 XRP worth 22,515,762 USD from an unknown wallet to Coinbase.</strong></p>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that fourth most valuable crypto by market value, XRP has experienced huge transactions in its market lately on the bias that, large investors are keenly rushing in to have a stake in the supposedly undervalued crypto when compared to bitcoin and Ethereum.</p>
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<p><strong>What we know:</strong> Data from Whale Alert revealed an unknown identity transferred 89,999,980 XRP worth 22,515,762 USD from an unknown wallet to Coinbase</p>
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<p>Before this publication, OpenLife Nigeria authoritatively reports that XRP traded at $0.248352 with a daily trading volume of $2 billion. XRP price is down -2.3% in the last 24 hours. It has a circulating supply of 45 billion coins and a max supply of 100 billion coins.</p>
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<p><strong>What you should know</strong>: Ripple (XRP) plays dual roles; as a payment platform and a currency. The platform is an open-source platform that is created to allow quick and cheap transactions.</p>
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<p>Unlike its crypto rival, Bitcoin, which was never intended to be a simple payment system, Ripple has gained the attention of major global banks such as Standard Chartered and Barclays for international transactions worldwide.</p>
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<p>What this means: Economic historian, Barry Eichengreen, recently explained that cryptos should not just be considered for speculative reasons, as leading crypto assets have shown characteristics of being tangible assets.</p>
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<p>According to him, <em>“I don’t think that thinking about crypto as speculative investments, is really a long-term viable business model. Speculative investments have come and gone throughout history. Tulips came as a speculative investment and they went. Digital assets that provide actual tangible services like cross-border payments are the ones that are likely to have legs.”</em></p>
<p>Barry went further to give explanation why cryptos have become the new digital gold.</p>
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<p><em>“Gold doesn’t really have any intrinsic value. People [believe] it will hold its value because other people value it. There is, from that point-of-view, a parallel with cryptocurrencies. People pay actual U.S. dollars for it because they think other people will value it and pay actual U.S. dollars for it,</em>” he added</p>

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