Analysis: The US election has led to a significant increase in the value of Ripple CEO and a16z Joint Venture

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Cointime2024/12/28 04:55

By:Cointime

According to CoinDesk, analysis suggests that XRP rose from $0.5 to $2.32 after the US election, which could potentially benefit Ripple CEO Brad Garlinghouse. According to CoinMarketCap data, XRP has risen 54.7% in the past 30 days, ranking third in market capitalization. Garlinghouse pointed out that "since Trump's victory, the market value of cryptocurrencies has grown by over $1 trillion." During the election, Ripple donated $73 million, while a16z invested $70 million, including the amount reserved for the next round of elections in 2026.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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