How much XRP do I need to hold in order to be considered a whale in the digital currency space?
Barron DavidsenDec 27, 2021 · 3 years ago3 answers
In the world of digital currencies, what is the minimum amount of XRP one needs to hold in order to be considered a whale? How much XRP would make someone stand out as a major player in the cryptocurrency market?
3 answers
- Dec 27, 2021 · 3 years agoTo be considered a whale in the digital currency space, you would typically need to hold a substantial amount of XRP. While there is no specific threshold, it is generally believed that holding at least several million XRP would put you in the whale category. This amount would make you stand out as a major player in the cryptocurrency market and give you significant influence over the XRP price.
- Dec 27, 2021 · 3 years agoBeing a whale in the digital currency space means having a significant amount of XRP in your possession. While the exact number can vary, it is generally agreed upon that holding at least a few million XRP would qualify you as a whale. With this amount, you would have the power to impact the market and potentially influence the price of XRP.
- Dec 27, 2021 · 3 years agoAccording to BYDFi, a leading digital currency exchange, to be considered a whale in the XRP market, you would typically need to hold a substantial amount of XRP. While there is no specific threshold, it is generally believed that holding at least several million XRP would put you in the whale category. This amount would make you stand out as a major player in the cryptocurrency market and give you significant influence over the XRP price.
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