- Former Ethereum advisor Steven Nerayoff says there’s no ceiling to XRP’s financial breakthrough.
- He also commends the team for their hard work.
XRP is a cryptocurrency that is well-known in the crypto space for many reasons. So, one can be as a result of the case between them and the SEC. Or due to their sheer hard work in spreading the good news of their token. The latter is currently the case, as a former Ethereum advisor commends the XRP token.
Steven Nerayoff, Former Ethereum Advisor, Says XRP Has No Ceiling
- Ethereum and XRP often share some kind of rivalry with each other. So, it is kind of flattering when someone on the other side of the crypto projects admits that the other is doing good. This was the case of Steven Nerayoff, a former Ethereum advisor. So, according to him, XRP has the potential to break through several price levels. In fact, he said that there’s no limit or ceiling to what XRP can achieve in terms of massive price increases.
- Steven Nerayoff was responding to a question on social media when he made these statements. So, according to him, XRP has the potential to climb to significant highs, even suggesting it could defy existing financial ceilings. He simply said, “I believe XRP has no ceiling.” However, he did admit that there are some challenges for XRP if they are to reach their goals.
Former Ethereum Advisor Praises Ripple Developers and Team
- Besides highlighting the massive potential of Ripple, this former Ethereum advisor was also quick to praise the team behind this token. So, according to him, the Ripple team is doing very well in its strategic positioning within a network effects model. There’s a reason why this will benefit XRP massively. So, this former Ethereum advisor believes this structure could significantly influence widespread adoption. How will this happen?
- Well, this former advisor said this current working structure is successful in creating indispensable demand for a product or service. Moreover, it could be a game-changer for XRP. So, if Ripple maintains this structure, XRP’s role in the global finance ecosystem could solidify. Hence, their price ceiling will have no limitations.
XRP Token Touted as a Global Reserve Crypto
- There was also another massive claim from this former Ethereum advisor. So, Steven Nerayoff believes that XRP could also function as a global reserve cryptocurrency for countries. Apparently, this is beyond its everyday role in crypto transactions within the crypto ecosystem.
- Already, the Ripple team of developers and executives is already making strategic partnerships. So, many countries are now adopting their CBDC technology. This, in addition to other factors, could lead XRP to unlock new adoption levels. So, this, in turn, will lead to massive price increases
Conclusion
Former Ethereum advisor Steven Nerayoff said XRP has no limitations to how far the price can increase in the future. So, he says the Ripple team is building strong foundations for the crypto token. Apparently, these strong foundations will be key in helping remove any ceilings that will limit XRP’s price increase.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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