AI chatbots ChatGPT and Grok AI point out what they believe to be the ideal XRP price for When the bank decides mass adopt ODL’s XRP.
In particular, what is often called XRP is ‘Banker’s Coin’ is at the center of debate over potential improvements to cryptocurrencies cross-border transactions. XRP boasts lower fees and better security and higher Its speed makes it ideal for this utility.
XRP is an ideal choice for cross-border transactions
As a result, blockchain payment company Ripple has already Utilize XRP It is used as a bridge currency for on-demand liquidity (ODL) solutions (currently Ripple Payments). Nevertheless, some argue that banks and financial institutions could mass-deploy XRP for cross-border payments with the right regulations in place.
However, there are questions about the ideal price for XRP. like that Large-scale implementation is underway. David Schwartz, Ripple’s Chief Technology Officer, emphasized: in In 2017, he argued that XRP cannot be “insanely cheap” and pointed out how more expensive XRP is more convenient for moving large amounts of funds.
It’s not cheap. That doesn’t make sense. If the price of XRP is $1, then 1 million XRP will be required and the cost will be $1 million. If the price of XRP is $1 million, you need one XRP, which also costs $1 million. 1/2
— David “JoelKatz” Schwartz (@JoelKatz) November 20, 2017
For example, at XRP’s current price of $2.45, it would take 40.8 million XRP to move $100 million. However, if XRP trades at $50, you only need 2 million tokens. this Although it shows the benefits of higher ratings for mass deployment, just How much XRP needs to rise remains a debatable topic.
For some, the $10,000 price tag is more than enough, but the AI chatbot Grok… question The Common Sense Crypto account emphasized that the price of XRP needs to be balanced.
Grok AI and ChatGPT set the ideal XRP price
Grok said prices should be high enough to provide sufficient liquidity, but not so high that they disrupt market trends or reduce supply too much. We’re speculating that $100 may be a good starting point and that the price could rise further. Banks adopt XRP.
Meanwhile, ChatGPT presented speculative analysis, citing potential global trading volumes and liquidity needs. We offered different prices. scenario $1 trillion is transacted using XRP every day and There are 50 billion tokens available for circulation.
If XRP traded at $50, it would take approximately 20 billion tokens each day to move $1 trillion, which is 40% of the circulating supply. If the price is $100, the requirement is reduced to 10 billion XRP, but if it is $1,000, the requirement is reduced. further away Up to just 1 billion tokens.
especially, ChatGPT is XRP price ranges from $100 to $1,000 This could be sufficient to meet the demand for larger amounts of funds transferred that would result from mass adoption among banks.
Interestingly, both AI models emphasized that higher prices require fewer XRP per transaction, facilitating smoother operations. This therefore minimizes slippage and ensures that the system remains liquid.
Additionally, ChatGPT also noted that rising prices could attract more liquidity providers, which could strengthen stability and support the ecosystem. Additionally, he suggested that volatility concerns could be addressed by reducing transaction size in terms of XRP, which is enabled by higher valuations.
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