In one of our previous videos, we have talked about the market situation. The current market situation is positive for XRP. The charts are showing an upward trend same as the one witnessed during the bull run of 2018. But this time, it is going up with a larger momentum and the minimum value in that bull run is going to be $10.
The value is expected to rise further and we are seeing a strong value hold in this month. XRP’s strong November can be attributed to Ripple’s growing interest in non-fungible tokens (NFTs) ecosystem. NFTs are real-world assets that have been tokenized. Several mainstream businesses have ventured into the NFT area since the beginning of the year, with impressive results. According to Ripple’s Chief Technology Officer (CTO) David Schwartz, NFTs are a growing phenomenon, and the payments network is looking at competing with Ethereum for market share. A recent investment by Ripple in NFT platform Mintable will see Mintable integrate with Ripple to use its XRP Ledger. Alongside this, Ripple Labs launched a $250 million creators fund to boost interest in the tokenisation field.
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