Ripple Launches XRPL Foundation; XRP Price Surge to $2?
The post Ripple Launches XRPL Foundation; XRP Price Surge to $2? appeared on BitcoinEthereumNews.com.
Ripple and other key players such as XRPL Labs, XRPL Commons, and XAO DAO announced the creation of a new non-profit organization, XRPL Foundation. This organization aims to provide long-term security, decentralization and looks for for the growth of the XRPL. The organization is designed in a way that it enhances the community collaboration and empowers developers to build decentralized applications (dApps) and financial tools. The new XRPL Foundation, in collaboration with @XRPLLabs, Ripple, @xrpl_commons, & XAO DAO (@Wave_of_Innov), is now officially incorporated. Check out the Foundation’s new governance, objectives and how to get involved in the future: https://t.co/oi899mWbq6 — RippleX (@RippleXDev) November 27, 2024 The Foundation will focus on two main goals: Promoting XRPL adoption by supporting developers and advancing blockchain technology. Maintaining decentralization and transparency across the network. The governance will be handled by a Board of Directors, which includes founding members like Ripple and XRPL Labs, alongside rotating directors from the community. A General assembly will also offer a democratic platform for community input, ensuring balanced decision making. Key areas of focus include security, developer resources, strategic partnerships, and regulatory advocacy. This collaborative approach aims to develop growth, innovation and resilience within the XRPL ecosystem. Impact on Ripple’s XRP Price This announcement is expected to positively impact the Ripple’s XRP price. The establishment of well-governed, transparent foundation strengthens investor confidence in XRPL’s long-term stability and growth potential. Moreover, increased community involvement and developer engagement could lead to new use cases, driving adoption and boosting XRP demand. Analyst predict that the price for XRP token may surge to $2 by the end of this month. At press time, the XRP token price stands at $1.44 with a surge of 6.4% in the last 24 hours. XRP 24 Hours Chart (Source: CoinGecko) What’s Next for XRP? In the short-term,…
Filed under: News - @ November 27, 2024 2:24 pm