A renowned crypto expert has dispelled the view that Ripple’s IPO would negatively impact XRP.
Amid projections that Ripple could go public with an initial public offering (IPO), concerns have emerged that Ripple’s IPO could spell doom for XRP. Meanwhile, Panos Mekras, a renowned crypto author and prominent member of the XRP community, has countered such speculation.
Mekras’ comment on the matter is built on a screenshot crypto influencer Mason Versluis shared on the X platform. Specifically, the screenshot contained a comment from a crypto enthusiast who argued that “The IPO for Ripple will be the death of XRP.”
The commenter further elaborated on their perspective. In their view, Ripple IPO would be an avenue to pump the price of XRP because of the news following such a glamorous event. However, the commenter added a skeptic remark, stating:
“People don’t understand what will happen, but you think Ripple dumps and manipulates XRP now? Just wait.”
In parallel, Versluis posted the statement on X, showing a sense of agreement with the perspective. Meanwhile, he acknowledged Ripple’s IPO would increase the interest in XRP and support its adoption. Yet, he added: “But I can also see the other side. We shall see.”
Expert Disagrees
Panos Mekras, the author of “Understanding the Crypto Economy,” joined the conversation with a bold counterview. He asserted there would be no “other side” for Ripple IPO on XRP.
Specifically, Mekras negated the ‘death of XRP’ view and outlined the bigger picture of Ripple going public and its implication for XRP. According to him, Ripple becoming a public company means more brand exposure and awareness about its crypto offerings.
Moreover, the crypto author underscored that this increased exposure would inherently be advantageous for XRP, as the digital asset is integral to several of Ripple’s product offerings.
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.
And remember: Ripple is one company, while XRP is a universal digital asset with multiple use cases & unlimited potential. https://t.co/giVbWvcmlb
— Panos ?{X} (@panosmek) November 3, 2023
Besides, he reiterated that Ripple is merely one of the many entities utilizing XRP. He stated: XRP is a universal digital asset with multiple use cases and unlimited potential.”
Ripple IPO
The Crypto Basic recently disclosed multiple factors that suggest Ripple could be silently preparing for an IPO in the coming months. It includes the company’s hiring strategies for roles with integral functions for a successful IPO.
Notably, experts have argued that Ripple could be worth over $100 billion on IPO, potentially making XRP trading at a double-digit value. Ultimately, how Ripple’s public status would impact XRP remains to be seen.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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