CandleFocus Here is XRP Price Needed to Qualify for Utah Strategic Crypto Reserve
2025-02-14
Author: Content Editor
A bill has been passed in the state of Utah, allowing for the creation of a strategic crypto reserve. Market commentators are considering whether XRP could qualify for this initiative. The bill sets specific criteria for digital asset investments, including a minimum market cap of $500 billion on a 12-month average. Currently, only Bitcoin meets this requirement. XRP has a market cap of $140 billion and would need to add $360 billion to its market cap and maintain that for the next year to qualify. Some argue that at a unit price of $5, XRP's market cap would still fall below the threshold. However, others argue that it should be based on XRP's maximum supply, which would place its fully diluted market cap at approximately $500 billion. XRP enthusiasts are hopeful about its inclusion in the proposed U.S. federal government's crypto reserve, although no clear decision has been made regarding its creation.
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